| | DECEMBER 20198CIOReviewIN MY OPINIONTOWARD MAKING DATA-DRIVEN DECISIONSThe importance of data-driven decisions lies in its ability to enable organizations to create new business opportunities, drive more revenue, foresee future trends, create actionable insights, and optimize the present operational efforts. Businesses, therefore, can evolve by infusing data in their decision-making sessions.Significance of Data in the Manufacturing SpaceThe most common trend in the manufacturing space today is--data analytics. The connected devices, driven by IoT, are playing a major role in making data-driven decisions for strategic initiatives. Gone are those days when the focus was merely on finding ways to gain access to the data or how to consolidate them. Today, what organizations are doing to induce data into decisions is an important point of discussion. Core Developments in Helping Customers Manage and Store the DataToday, a wide array of analytic applications is available in the market. Several companies are putting efforts to utilize their core systems to drive analytics. To build analytics within their core solutions that can provide what the business requires have become the vital mission of the application developers now. This trend is seen in the software companies like SAP and Salesforce, in their efforts to identify suitable analytics that manufacturing businesses require to build into the core solutions.The Leadership's Focus on Working with DataQuick access to data is one of the major discussion points today. Due to the busy schedule, the people in the leadership level cannot By Krista Dixon, CIO, Textron Specialized Vehicles
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