At the end of last year, The Australian Industry Group (The Ai Group), released their annual business strategy report.
At the end of last year, The Australian Industry Group (The Ai Group), released their annual business strategy report.
The Australian manufacturing industry is changing rapidly. It has to contend with the tides of globalisation, rapidly developing technology and increasingly sophisticated customers who are demanding more bang for their buck. Manufacturers need to find the sweet spot, walking a fine line between keeping costs lean and allowing for flexibility. Otherwise, the consequences can be dire.
In all businesses, it is important to strategically change and adapt with technology. What at first will delight your customers will soon become the baseline expectation.
The Australian manufacturing industry is in a state of flux. We are competing with countries that can offer consumers more value for less money. So it’s understandable that a knee-jerk reaction might be to simply slash costs across the board.
A successful BI project is a mountain to climb for even the most experienced managers. Many can attempt the climb, yet few get to see the view from the summit in their lifetime. In fact so few succeed that. SAP BW Consulting reports that more than 70% of businesses worldwide fail to see results from their business intelligence projects.
It seems that a new technology fad is entering the market every week. No industry is immune to it, but in technology and manufacturing spheres, the novelty and excitement quickly give way to fatigue, disappointment and cynicism when the technology that has promised so much delivers so little.
Gartner research indicates that 10-15% of organisations will take advantage of BIG Data to improve their operational performance. As a result, these businesses are predicted to outperform their competitors by an incredible 20% across all major financial metrics.
Here we explain why…
There are many misconceptions rattling around the world. Even years after being disproved, they cling on, eager to mildly embarrass a whole new generation attending trivia nights and dinner parties.
Change is never easy. Whether it’s starting a new job, moving cities or deciding to make the switch from boxers to briefs, the fear of the unknown can outweigh the positive outcomes a change might bring.
Business Intelligence projects aren’t a picnic in a park. Rather they are like trying to have a picnic on a minefield.
Nukon transforms existing infrastructures, unifies business silos, and turns isolated data into actionable insights that help you thrive.
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