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However, what many manufacturers are beginning to discover is that BI is not just about finding opportunities to make potentially disruptive changes in the direction of the company. In fact, it is much more often about the types of smaller adjustments that over time can collectively lead to significant increases in productivity.
Most manufacturers already rely heavily on reports and analysis when it comes to tracking performance and making decisions and Manufacturing Analytics Solutions in Palau. One of the reasons why many of them are beginning to adopt new Business Intelligence Solutions in Palau, and the routine practices that accompany them, is that the outdated and manually generated reports are too cumbersome.
With the growing volume of data from a wide range of sources, simply having IT Bob print a report every month is no longer cutting it. But BI experts like Crouch continue to stumble upon manufacturers whose thinking on Business Intelligence is a decade or more later. When we sat down to discuss how manufacturing companies use BI, he had a lot to say about the types of misconceptions that still stand in the way of companies that take full advantage of new technologies and practices.
Is There Really No Way to Measure ROI?
For this, the common grouse is, “BI tools are expensive.” Things are working well now. “How do I justify the cost? In that case, how do I even know if it’s working? There was a time when BI was trying to connect some tracking tools to measure some KPIs. You could see how well your processes worked and see what areas might need some attention. But how well the tracking system worked was difficult to determine. However, in recent years, analytical tools have extended their reach so much that you can use them to track your own value. How much time do you save by automating the process of writing the report? How much has productivity increased since you implemented a data-driven decision? You can even use tools such as Microsoft Power BI to measure the ROI of marketing campaigns, traditionally the most difficult area to follow.
Does BI Really Require Tons of Training?
We will continue with our old spreadsheets because we are very busy and do not have time to learn a new tool “is another frequent excuse. Older BI systems often require weeks or months of training for users to master enough. But while part of the support technology still requires a large amount of specialized expertise to configure, you can become familiar with the reporting and visualization tools that companies currently use in just one or two hours.