Predictive Analytics

Prophix and Operations Management in Manufacturing

There will always be technological advancements in manufacturing and whilst keeping pace is a necessity, many manufacturing organisations are discovering another competitive advantage through the evolution of the finance role.

It’s surprising to observe that even highly developed manufacturing organisations are only beginning to exploit the competitive advantages that could be gained from their own data. The lack of a single, shared, true vision of operations can impair productivity, quality and profitability. It also relegates the finance function to a tactical existence as number collectors, rather than strategic storytellers. 

Typically finance teams spend more time gathering and accumulating data from multiple data sources than they do actually analysing it.  Making matters worse, the source systems usually fail to align with each other, making accurate, effective analysis a near impossible task.  

This is exactly where Prophix fits into the equation.  Prophix compiles all data inputs into a central system giving managers a single, consolidated view of operations and finance. By adopting Prophix automation capabilities, the finance team can now spend less time gathering data and more time analyzing it.  Consequently, finance has become more of a strategic business partner rather than just the people who close the books at the end of the quarter. 

 

Learn how Prophix can integrate finance and operations in your organisation.


KNIME - 2018 Gartner Magic Quadrant Market Leader

KNIME_Logo.jpg

For the fifth year in a row, KNIME® , the open source platform for data driven innovation, has been placed in the leader category in Gartner’s 2018 Magic Quadrant for Data Science and Machine Learning Platforms. The placement recognizes ability to execute and completeness of vision.

Gartner, Inc. describes leaders as having “a strong presence and significant mind share in the market. Resources skilled in their tools are readily available. Leaders demonstrate strength in depth and breadth across a full model development and implementation process. Leaders are in the strongest position to influence the market's growth and direction. This gives them the advantage of a clear understanding and strategy for the data science market, with which they can become disrupters themselves and develop thought leading and differentiating ideas.”

“To be recognized again as a leader, while also being significantly moved forward in vision and ability to execute, is humbling,” says Michael Berthold, CEO, KNIME AG. “We have a great community of users and enthusiasts who continually contribute to KNIME, and we are grateful for that. They are helping us build this open source platform that strives to be at the forefront of innovation.”

KNIME owes these accolades to its users from thousands of organizations (including many big players) across various industries, all enjoying the open source, free platform. “While other platforms are commercializing functionality, KNIME is continuing to cause a stir in the market by adding more functionality to the open source platform. The concept of adding the commercial KNIME Server for collaboration, automation, and deployment, without ever limiting open source usage is just brilliant,” comments Stefan Weingaertner, AI Associates. “It’s no wonder KNIME is in the leader category again this year.”

“We’re continuing to invest heavily in the development of our software to ensure our users have everything they need to get their job done, fast. We’re also ensuring there are simple and relevant ways to enable these users to share what they do with other members of their organization,” continues Berthold. “Our commitment to open source is solid and we’ve put everything on GitHub to back that up. This honest, transparent business model works for everyone and we plan on keeping it that way.”