In today’s competitive environment, manufacturing companies seek to make better, faster decisions to improve the efficiency of their manufacturing operations and be more productive in order to become more profitable. Advanced analytics and the new generation of software applications accelerate/enable insights on manufacturing data. The first generation was based on pen and paper, the second generation of analytics offerings was heavyweight desktop applications, including spreadsheets, as the primary form insights. The third/new generation of advanced analytics, its transformational features and user experiences is enabled by innovation in machine learning, computer science, cloud –based delivery, browser applications etc.
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