Which Analytics And BI Technologies Are The Most Popular In Manufacturing
89% of the manufacturers who have analytics and BI initiatives consider them successful, outpacing their peers in comparable industries. 49% of manufacturers expect their analytics and BI budgets to increase year-over-year, with 62% of all businesses interviewed saying self-service BI was essential to their businesses in 2020. 47% prefer a best-of-breed solution for BI and analytics instead of their ERP vendor, who they consider 19% of the time. Manufacturers' top three analytics & BI objectives are to improve operational efficiencies that reduce costs, grow revenue and improve decision-making. These and many other insights are from Dresner Advisory Services' recently published research study, The State of BI, Data and Analytics in Manufacturing (client access reqd). Smart manufacturing techniques are gaining adoption across small and mid-tier manufacturers and this report successfully captures the leading indicators of that shift.