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Mid-Market Manufacturing And Growing Possibilities With Analytics

Nov 07, 2023 - forbes.com
The article discusses the challenges mid-market manufacturers face in deploying large analytics platforms due to high operational costs and lack of expertise. The author suggests leveraging existing ERP platforms to overcome these challenges, as they contain all critical business data and can be integrated with pre-existing analytics add-on capabilities.

The author advises business leaders to ensure the analytics functionality provides valuable insights and can use the data in the platform. The insights from analytics should be integrated into business process flows within the ERP. The author concludes by stating that mid-market manufacturing is a sector to watch, and with access to analytics power, it can expect significant growth.

Key takeaways:

  • Mid-market manufacturers, despite being a significant part of the economy, face challenges in adopting large data analytics systems due to cost and lack of expertise.
  • Enterprise Resource Planning (ERP) platforms can be leveraged by these manufacturers to overcome these challenges and gain valuable insights from their data.
  • It's important for business leaders to ensure that the analytics functionality of their ERP system is effective and can utilize the data in the platform without requiring additional data experts.
  • Integrating insights from analytics into business process flows within the ERP can lead to more efficient operations and potentially transform the mid-market manufacturing sector.
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