In our recent blog, 3 Issues Facing Discrete Manufacturers in Industry 4.0 , we mentioned the importance of high levels of visibility throughout the production process. This topic is being brought up more and more as manufacturers push to capture staggering amounts of data in order to gain a competitive advantage over the rest of the industry.
You’ve heard the old saying, “Knowledge is power.” In today’s world, data is power. And there’s no shortage of data, from every conceivable source – social media, mobile devices, other networked devices… The question becomes, how do you turn data into actionable insight?
Enter Microsoft Power BI. Power BI is a suite of analytics tools that deliver insights throughout your organization. Read on to learn how it works and what benefits it can bring your company.Continue Reading
Companies complain that they can’t implement the technology that would enable a single version of truth because they can’t afford it. They believe this technology is too expensive to do them any good.
However, what these businesses neglect to consider is the cost of not putting a single version of the truth in place. Read on to discover the expensive risks you take when you’ve got multiple versions of the truth.
“I just spent the last three days building a report for the boss on the accept / reject rates at each inspection point. I got an order list from sales. I found paper reports on the inspections. I put it all together in a spreadsheet with beautiful colors and formatting. It was a lot of work and I am proud of the report.”
“That sounds great. Why the glum look?”
“The boss wants even more details. In addition, this report needs to be ready at the end of every month. I cannot spend that much time. I need a better way to publish this report.”
Don’t fall behind your competition in the race to insight advantage.
Trust Merit Solutions to help you become a data driven organization.
Data volumes are exploding and becoming your most strategic asset. However, data alone is not enough. Without the resources needed to efficiently capture and organize massive amounts of data, store it indefinitely, and analyze it in real-time – that data is useless. At Merit Solutions, we help you gain the insight you need to improve customer engagement, increase revenue, and lower costs.
Data Platform Modernization
Modernize your BI and analytics tools to more intelligently capture, process, analyze, and act on enterprise wide business data.
Data Lake and Big Data Processing
Securely store all your data centrally in a “no limits” data lake, and run on-demand analytics that instantly scales to your needs.
Data Exploration and Mining
Automate the process of gathering large and often unstructured data sets in order to find characteristics for focused analysis.
Solutions to help you analyze data sets in order to summarize what happened – for example, for sales or financial reports.
Solutions that analyze data sets in order to determine why something happened – for example, why sales dropped or costs rose.
Solutions that intelligently build models from historical or current data in order to forecast / predict future outcomes.
Solutions that examine data sets and attempt to answer the question “What should be done to make (something) happen?”
Connect to hundreds of data sources, simplify data prep, and drive ad hoc analysis. Produce beautiful reports and scale with governance.
Organizations that partner with Merit Solutions Data and Advanced Analytics Services typically see benefits in a number of areas, including:
Unmatched security, performance, and scale in big data infrastructure—at one-tenth the cost of traditional tier 1 solutions.
Speed and Agility
Give everyone the data and insights they need – within minutes instead of days or weeks – rapidly speeding the pace of innovation.
Gain access to an almost infinite set of computing resources around the globe that can handle massive amounts of data in a cost-effective way.
Improve your customer experience by providing real-time inventory or service information – and predict customer needs ahead of time.
Predict the Future
Better capture enterprise wide data and utilize automated apps and algorithms to accurately predict, forecast and change future outcomes.
Free Up Cash
Move your IT expenses from CapEx to OpEx, which frees up capital from infrastructure investments so it can be put to revenue generating uses.
Information drives every decision you make. Here are some of the most common signs that your company needs to invest in better data intelligence and analytics:
Lots of Data – No Information
You have a stockpile of business data – but you’re not pulling any intelligence from it.
Report Preparation is Cumbersome
Pulling reports from multiple systems and spreadsheets takes too much time – and there are too many errors.
Don’t Know Your Customers
You cannot predict what your customers want, how they behave, and how to strengthen ties with them.
Competition is Always a Step Ahead
If it seems like you’re always trying to level the playing field – it’s because your competitors have better data.
With limited access to company-wide intelligence, it is hard to make decisions that support corporate goals and directives.