Cloud computing services have blessed us with greater accessibility and availability of software solutions, but they have also created a big problem – additional process and consequentially also data fragmentation. We are seeing data silos all over again. And that is not good for modern business.
Consumers buy refrigerators to extend the shelf life of foods and to serve cold drinks during the summer months. They buy a car so they can optimally move from point to point. People and businesses buy their products (in most cases) to meet their needs, but this could be solved in other ways than just by purchasing a product.
Increasing demands for mass customization of products, the complexity of global supply chains, the pressures of cost reductions, faster production, improved safety, and the “always around the corner” crisis prediction, which is already showing its teeth, especially in the automotive industry, are just a few of the challenges that force manufacturing companies to look for new and more effective ways to stay competitive.
Businesses make thousands of decisions every day – technology and data help them make the right ones. The so-called business intelligence (BI) solutions have been on the market for three and a half decades. One would expect them to be well known and used by all businesses around the world, but this is not the case.
On the 28th of November 2019 CRMT and Talend hosted the event Advance Your Data Journey. In case you were not able to attend it we prepared a recap of the topics discussed.
With IoT companies get real-time insight into the state of the manufacturing process and individual machine; some Slovenian companies are very advanced when it comes to the use and management of IoT solutions while some are still in the initial steps.
Successful companies in the so called data-driven economy are forced to analyze large amounts of data and extract value from it. Performance, cost, speed and flexibility of the analytical platforms are crucial elements in achieving business success in this process. Many companies are using modern ERP systems such as SAP and are also performing analytics within. To optimize analytical processes, reduce costs and complexity, they also need to consider alternative approaches, solutions and technologies. EXASOL analytical database solution has excellent performance results in 3 following areas: in-memory capabilities, infrastructure & performance and database management.
Ready to test out the new features? Make sure you let us know and say hi at email@example.com. It doesn't matter how big your company is - get ready to push your BI and analytics to a higher stage.
Exasol - the fastest analytic in-memory database on the market