How To Make Smart Business Decisions in Manufacturing with the Right Data Visualization Tool - Qlikview

In a scenario where organizations are constantly driven by bulk amounts of data, analyzing Big Data and breaking it down into simple and easy-to-understand visuals can help businesses make strategic decisions quickly.

Gone are the days when data meant infinite stacks of papers. It was rather easier for most people to understand what these data meant in physical sense. However, in the digital age, data is more abstract – a mix of matrices, random numbers, arrays and more that do not mean anything to many people, but are extremely vital for others. The key is to make sense of such data and leverage its power to improve your business.

In today’s competitive environment, transforming raw data into useful and relevant information for effective business analysis is vital. This is specifically true as we live in the era of Big Data. Here, having a powerful data visualization tool like QlikView makes most sense. Using data in an intelligent manner can empower CIOs in making sound business decisions and cost savings as they are under continuous pressure from CEOs to leverage the assets they already have, and make better decisions.       

Traditionally, manufacturers manage several kinds of physical flow of materials. Many a times, they use Enterprise Resource Planning system for this. However, by using data intelligently and making it available across all departments, effective decisions can be seamlessly made pertaining to material flow. They data available is interpreted smartly, manufacturers can even avoid moving their materials unnecessarily across borders.

Despite breathtaking innovations in manufacturing, the global industry still needs to be more agile, with the ability to manage efficiency and cost better. At the same time, it should be able to cope with increasing cost pressure and competition. These business challenges, in addition to the significance of understanding customers better and reaching the markets quickly while minimizing obsolescence has encouraged many businesses to embrace the concept of business intelligence. QlikView is an effective BI tool that gives you the ability to:

In the past years, many companies have migrated their manufacturing or business functions into ERP or other business management suites to efficiently gather, store, manage, and interpret data from different sources such as inventory management, payment, and shipping. They have accumulated bulk amount of data, and today, there is a growing pressure to tap these data and gain a competitive edge. Some companies have turned to BI tools that allow effective data visualization and collaboration.

However, traditional BI is report-centric, where reports are typically defined by IT, and users are provided static reports. Today, users demand more flexibility and the option to interrogate data and get answers. Considering this, modern BI software programs like Qlikviewnow includes associative features, which means that a user can collect data from multiple sources, combine them all in memory, and link them around a single attribute. This also forms the basis of developing applications with this powerful BI tool. Such kind of apps allows manufacturers and businesses to analyze cell performance, and identify which product performed well and several associative factors around such performance.  

Regarding building apps with Qlik’s BI software program, users can access data from any source. It allows using internal, external, structured, and unstructured data to developing robust applications. However, it is important to know what you are doing with this self-service business intelligence tool because trying to incorporate everything into a single application may not be a smart decision. Rather, it is vital to build an app that breaks down processes into logical steps and is consumerable.