One of the most powerful assets a company holds is its data – whether it is data about inventory, purchase orders, warranties, or employees. But a company needs to be able to do more than just collect and manage data. To maximize the data’s true value, companies need to use that information to gain a real-time perspective of what is going on within the business, to recognize trends, and to make better-informed decisions regarding future business initiatives.
That’s why Datastream 7i Analytics was created. Datastream 7i Analytics builds upon the industry’s leading enterprise asset management (EAM) solution to give business managers tighter control over the state of their operations. The system provides a single point of view that incorporates data from any number of disparate sources to help businesses:
- Collect asset data using Datastream 7i, the world’s most widely deployed asset management solution
- Analyze the data and model “what if” scenarios to predict future performance
- Make better-informed business decisions to optimize asset performance and improve overall productivity
Using Datastream 7i Analytics, business and technical managers alike can mine their asset information to gain an up-to-the-minute snapshot of the state of their operations. They can also identify trends and anomalies that help them make better forward-looking decisions. Most importantly, those managers can be certain that the analysis is completely accurate, reliable, and applicable – because it is based on the actual, real-time business data that is captured on a day-to-day basis through Datastream 7i.
Datastream 7i Analytics gives companies an integrated bird’s-eye view into business operations and helps measure results against pre-determined key performance indicators (KPIs). This unique perspective incorporates information from disparate sources to show relationships between various points in the operation – such as work orders and spare parts inventory – and to provide greater insight into potential sources of problems and opportunities.