October 26, 2023
Across industries, data and IT teams work together to aggregate data, convert data into insights, and provide teams with easy access to the information they need to make better decisions. This typically means providing teams with real-time data, visualization capabilities, and reports.
This trend is called democratizing insights. The reason why it’s so important is that employees make dozens of decisions every day with the information they have, which can include incomplete, aging, or incorrect data. VentureBeat says global losses to bad data exceed $3T annually, while the average organization experiences yearly losses of $12.9 million. Organizations can experience losses due to inaccurate sales projections, failed product launches, customer attrition, lost productivity, and other issues.
For manufacturers, democratizing insights is critical. Manufacturing is a data-driven industry and has become even more so as manufacturers collect more unstructured data from IoT-connected devices and other sources. Manufacturers want to empower workers with the data they need to make critical production decisions that improve product quality and drive throughput.
QAD Redzone helps manufacturers accomplish these goals. Manufacturers deploy the QAD Redzone Connected Workforce Solution and work with coaches over 90 days to accomplish five measurable lean journey goals:
With QAD Redzone teams:
Democratizing insights has never been more critical. Those manufacturers that accomplish this goal will maximize opportunities for driving business growth and enhancing profitability.