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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 2 Unless your demand forecasting is accurate, adopting a reactive approach might prove less efficient. Results may vary.

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

DSS vs. decision intelligence Research firm, Gartner, declared decision intelligence a top strategic technology trend for 2022. Forecasting models. Briq is a predictive analytics and automation platform built specifically for general contractors and subcontractors in construction. Analytics, Data Science

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Turning insights into actions with IBM Business Analytics

IBM Big Data Hub

With the new IBM Business Analytics Enterprise (BAE), we are bundling together Planning Analytics with Watson, Cognos Analytics with Watson and the new Analytics Content Hub. This enables a single point of entry for planning, budgeting, forecasting, dashboarding and reporting. The benefits of business analytics.

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Create an end-to-end data strategy for Customer 360 on AWS

AWS Big Data

In 2022, AWS commissioned a study conducted by the American Productivity and Quality Center (APQC) to quantify the Business Value of Customer 360. Plan on how you can enable your teams to use ML to move from descriptive to prescriptive analytics. The following figure shows some of the metrics derived from the study.

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Biggest Trends in Data Visualization Taking Shape in 2022

Smart Data Collective

In forecasting future events. Predictive analytics is an area of big data analysis that facilitates the identification of trends, exceptions and clusters of events, and all this allows forecasting future trends that affect the business. Prescriptive analytics.