BI vs. OI: Why industry should focus on increasing efficiency through real-time data

BI business intelligence as the key to understanding our data-driven world

“Life is a puzzle game. Only when we have put all the parts in the right place can we understand it.” This quote from Gerhard Strobel can also be applied to today's industrial environment. Our big data world consists of many individual puzzle pieces which, when put together correctly, provide valuable insights and enable well-founded decisions.

Exactly at this point comes BI Business Intelligence into the game. Business Intelligence (BI) is a systematic analysis of companies through data collection and data analysis. Since the 1990s, BI tools have been used in companies to optimize data analyses and used decision-making. With powerful Analytics solutions Can companies data collect, process and use them profitably from various sources.

The importance of BI business intelligence for Industry 4.0

In the context of Industry 4.0, data-driven value creation and cloud technologies wins BI Business Intelligence continues to be important. Companies are increasingly focusing on BI toolsto optimize processes and deepen analyses to carry out. This solutions enable a structured data analysis and visualize won infos into dashboardsto make data-driven decisions in real time.

Thanks to modern Analytics technologies Can companies with BI software not only historical data Evaluate, but also Real time data analyze. With the help of BI tools like Microsoft Power BI, Tableau, or SAP Business Technology Platform Dashboards can be created that transparently process complex data sets. These tools enable companies to identify trends and patterns at an early stage and to identify well-founded, data-based rulings to meet.

Which BI tool is useful for my purposes?

When choosing a BI tools Ask which data sources They want to use and how complex their analyses should be. modernism BI systems offer diverse functions to data analysis, from automated reports through to AI-supported forecasts. A well-thought-out BI Strategy helps relevant infos to win in a structured way and for Decision-making processes to provide.

Real-time data or long-term analysis?

With the development of big data and Industry 4.0 Have they also Data analysis methods changed. Real time data enable companies to react immediately to current developments and optimize their processes in real time. In comparison, the allows Long-term analysisto gain deeper insights into long-term trends and make strategic decisions.

Operational Intelligence (OI) Go one step further here and combine Business intelligence with Real time data analysis. With the help of BI systems like Qlik or Tableau companies can immediately evaluate ongoing processes and make data-based optimizations. In the production and logistics supporting BI tools the control of manufacturing processes through real-time monitoring and Process analyses.

Operational intelligence makes the difference in day-to-day business

Through the targeted use of BI Business Intelligence and Operational intelligence companies can increase their efficiency and make data-based decisions. While classic BI analyses are often retrospective, enables Operational intelligence an immediate response to real-time data. This is particularly valuable for companies that have their production processes and supply chains want to improve continuously.

Here are some practical examples of successful use of Operational intelligence:

• Target/actual comparison of individual production steps in real time — Robert Bosch GmbH
• Real-time insight into manufacturing processes — ZARGES GmbH
• Process transparency in production and logistics — Helmut Fischer GmbH

Both BI Business Intelligence as well Operational intelligence have a firm place in modern companies. During BI tools help with this historical data to evaluate and make well-founded decisions, offers Operational intelligence a decisive advantage: the ability to go directly to Real time data to react and continuously optimize processes. By using BI Business Intelligence and real-timeanalyses companies can remain competitive in the long term and successfully shape their digital transformation.