Company

Analysts have forecast that businesses will spend more on analytics in 2015 than on ERP and other resource applications. While businesses are generating ever-more data, CEOs continue to be disappointed by the quality and timeliness of the insights they are presented with. The value of the data in our IT systems is not being realised, because it lacks the context and clarity that comes from interpretation in experienced hands.

What has been missing is the ability in “right time”, or near-to-real time, to converge the IT data with an understanding of the operational situation.

As predictive analytical solutions now converge operational technologies (OT) with IT, the need for more insightful information should now have been met. However businesses that are now making full use of their OT are asking for predictions with longer time horizons. And the bolder are seeking a cost advantage by adopting prescriptive analytics. Trusting sufficiently in their business rules and domain knowledge, these companies allow the technology to trigger actions automatically. By enabling their assets they can act instantly without the delay or cost of waiting.

So while sophisticated algorithms are allowing us to look increasingly further forward, you can also handle unplanned events by automating your action taking.