2 November 2020
Monday, November 2nd
Keep up-to-date with the latest data analytics news in our Monday Digest summary snippets, and get more insight to make your data talk.
? Benefits of batch analytics in manufacturing. The goal of batch manufacturing is maximum yield in production. And, as the market grows more competitive, businesses need appropriate solutions to ensure positive outcomes. To prevent undesirable processing events or end-of-batch quality issues, leading manufacturers are turning to self-service batch analytics. Discover more in this Automation.com article.
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? Bringing analytics dashboards back to life. Data dashboards originated in the 80s. These analytics fundamentals need to constantly change with the needs of the modern user. To augment analytics and encourage users to dive deeper into their data, improvements such as steering user behaviour and creating more focused dashboards are beneficial. Read more in this TechRepublic article.
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? Portfolio managers leveraging dataviz to boost performance. To maintain a competitive advantage, fast data analytics is key. So many leading institutions have moved away from Excel to BI tools. Why? For better data visualisation, consolidation and enhanced collaboration that supports agile reactions and decision making in financial services. Discover more in this article.
? The evolution of data virtualisation. Data virtualisation is a form of data management that brings together structured and unstructured data before its visualised, making data more accessible. In today’s fast-paced analytics environment, virtualisation has to be in real-time to provide business value. Read further in this Analytics Insight article.
? Analytics – changing the world of sports. Analytics is pervading every area of our lives, and sports is no exception. Judging player performance from a team- and fan side with analytics is changing the nature of sports. Explore further in this Analytics Insight article.
And, our quote of the day:
“With the advent of Industry 4.0, data analytics solutions have evolved to play a key role in improving operational efficiencies. Regardless of the industry segment, the potential is estimated to be in the range of 3-5% improvement in return on sales.” Nick Petrosyan, Customer Success Manager at TrendMiner
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