The manufacturing industry has undergone significant changes in recent times due to global competition, urbanization, and government regulations. Products, pricing, features, and quality drive the manufacturing market, and the need to provide enhanced products at reasonable prices is the current trend in this sector. Increasing raw material costs, declining profit margins due to regulatory compliance policies, and analysis of market trends is forcing organizations in this sector to focus on in-memory analytics. Manufacturers have to optimize resources and achieve maximum productivity with minimum investment. Managers in the manufacturing vertical can leverage technology and data to keep track of developments, monitor service interruptions, understand quality issues, and solve resource shortage problems. In-memory analytics allow manufacturing organizations to pull information directly from the company’s ERP system, which means that the data does not have to be duplicated at any point. This saves storage costs and improves response time. Manufacturing organizations can use in-memory technology to ensure operational performance management, conduct analytics on production and maintenance, and perform real-time asset utilization studies.
In-Memory Analytics Software in Manufacturing
Features
- Visual: The software offers very easy to comprehend and use visual reports.
- Intelligent Data Wrapping: This helps in understanding the potential and various types of workflows, information and other information for the business.
- Location Analysis: It offers location-based analytics, which is out of the box and tremendously crucial to business performance.