Manchester Airport was able to relax its one-bag rule for carry-on luggage due to its use of business intelligence software to monitor passenger and baggage flows. This highlighted the power of BI tools to help businesses better understand operations. The Vision in Print management information systems best practices study has focused the printing industry on using dashboards and key performance indicators to easily monitor important business metrics, leading many MIS vendors to update their software to better provide this type of business intelligence functionality to customers.
The Digital Transformation Symphony: When IT and Business Play in SyncCapgemini
Digital Masters, such as Starbucks, that leverage digital technologies effectively, differentiate themselves from their peers by consciously striving to build a close relationship between IT and the business. However, Digital Masters are exceptions. The IT-business relationship in most organizations is often a fractious relationship rather than a marriage of equals. Business teams often find the IT department’s high costs and long implementation timelines unacceptable. In addition, IT leaders are often faulted for not speaking the language of business. Leading CIOs take this disconnect head on and try and fix it. Our research shows that leading CIOs take three key actions to align the IT department with the needs of the business: 1. redesign the IT department to unlock digital innovation; 2. create strong digital platforms; 3. rationalize IT Infrastructure to fund digital initiatives. We explore each of these actions in this research paper.
Patrick Couch - Intelligenta Maskiner & Smartare Tjänster IBM Sverige
Industriföretag, såväl tillverkare som användare av maskiner, fordon och utrustning, står inför ett paradigmskifte drivet av ökad global konkurrens, kunders förändrade efterfrågan samt det faktum att produkterna nu blir instrumenterade, ihopkopplade och mer intelligenta. Stora datamängder är inte ett buzzword för dessa företag, utan en reell verklighet som de behöver förhålla sig till för att säkra sin framtida verksamhet. I bästa fall omvandlar dessa företag denna teknologiska revolution (populärt kallad Internet of Things, Industrial Internet, M2M, Industri 4.0 etc.) till en motor för att utveckla verksamheten mot tillväxt och effektivare produktion. Detta skifte skapar framförallt stora möjligheter att förflytta sig mot leveranser av tjänster som kraftigt ökar mervärdet för kunderna, deras kunders kunder samt för producenten.
AI in Media & Entertainment: Starting the Journey to ValueCognizant
Up to now, the global media & entertainment industry (M&E) has been lagging most other sectors in its adoption of artificial intelligence (AI). But our research shows that M&E companies are set to close the gap over the coming three years, as they ramp up their investments in AI and reap rising returns. The first steps? Getting a firm grip on data – the foundation of any successful AI strategy – and balancing technology spend with investments in AI skills.
To Become a Data-Driven Enterprise, Data Democratization is EssentialCognizant
To optimise enterprise knowledge, organizations need a modern platform that enables data to be more easily shared, interpreted and capitalized on by internal decision makers and by business partners across the extended value chain.
The Digital Transformation Symphony: When IT and Business Play in SyncCapgemini
Digital Masters, such as Starbucks, that leverage digital technologies effectively, differentiate themselves from their peers by consciously striving to build a close relationship between IT and the business. However, Digital Masters are exceptions. The IT-business relationship in most organizations is often a fractious relationship rather than a marriage of equals. Business teams often find the IT department’s high costs and long implementation timelines unacceptable. In addition, IT leaders are often faulted for not speaking the language of business. Leading CIOs take this disconnect head on and try and fix it. Our research shows that leading CIOs take three key actions to align the IT department with the needs of the business: 1. redesign the IT department to unlock digital innovation; 2. create strong digital platforms; 3. rationalize IT Infrastructure to fund digital initiatives. We explore each of these actions in this research paper.
Patrick Couch - Intelligenta Maskiner & Smartare Tjänster IBM Sverige
Industriföretag, såväl tillverkare som användare av maskiner, fordon och utrustning, står inför ett paradigmskifte drivet av ökad global konkurrens, kunders förändrade efterfrågan samt det faktum att produkterna nu blir instrumenterade, ihopkopplade och mer intelligenta. Stora datamängder är inte ett buzzword för dessa företag, utan en reell verklighet som de behöver förhålla sig till för att säkra sin framtida verksamhet. I bästa fall omvandlar dessa företag denna teknologiska revolution (populärt kallad Internet of Things, Industrial Internet, M2M, Industri 4.0 etc.) till en motor för att utveckla verksamheten mot tillväxt och effektivare produktion. Detta skifte skapar framförallt stora möjligheter att förflytta sig mot leveranser av tjänster som kraftigt ökar mervärdet för kunderna, deras kunders kunder samt för producenten.
AI in Media & Entertainment: Starting the Journey to ValueCognizant
Up to now, the global media & entertainment industry (M&E) has been lagging most other sectors in its adoption of artificial intelligence (AI). But our research shows that M&E companies are set to close the gap over the coming three years, as they ramp up their investments in AI and reap rising returns. The first steps? Getting a firm grip on data – the foundation of any successful AI strategy – and balancing technology spend with investments in AI skills.
To Become a Data-Driven Enterprise, Data Democratization is EssentialCognizant
To optimise enterprise knowledge, organizations need a modern platform that enables data to be more easily shared, interpreted and capitalized on by internal decision makers and by business partners across the extended value chain.
Advanced Manufacturing – Solutions That Are Transforming the IndustryMRPeasy
Advanced manufacturing is on its way to transform the industry. And there are solutions in place already that could help even small manufacturers keep up in the rapidly changing business environments.
Manufacturing is changing at a rapid pace and Industrial Tech startups are popping up everywhere.
What do you need to benefit from these developments and to ride the wave of change in manufacturing.
Inspiring Analytics: Tips and Examples for Achieving Better Business, Not Jus...SAP Analytics
http://spr.ly/SBOUC_VP - The last few years have seen massive changes in analytics technology, but organizations often struggle to take full advantage of these changes because they are focused on existing ways of working rather than future possibilities. This presentation aims to educate, entertain, and inspire, with a wide range of examples of how people have used brand-new technology (big data, social analytics, mobile analytics, etc.) not only to remove existing analytics bottlenecks, but also rethink business processes and flip industry business models.
Presenter: Timo Elliott, SAP
The Internet of Things is an emerging topic of technical, social, and economic significance. Consumer products, durable goods, cars and trucks, industrial and utility components, sensors, and other everyday objects are being combined with Internet connectivity and powerful data analytic capabilities that promise to transform the way we work, live, and play. Projections for the impact of IoT on the Internet and economy are impressive, with some anticipating as many as 100 billion connected IoT devices and a global economic impact of more than $11 trillion by 2025.
The Institution's Innovation Council (Ministry of HRD initiative) and the Institution of Electronics and Telecommunication Engineers (IETE) invited me to grace "World Telecommunication & Information Society Day" on 18 May 2020.
In the analogue era information was scarce and came from questionnaires and sampling. Since the dawn of the digital age in 2012 far more data than ever before is stored and it is mainly collected passively, i.e. while people go about doing what they normally do, such as run their businesses, use their cell phones and conduct internet searches.
Analysts, policy makers and business people value business tendency surveys (BTS) and consumer opinion surveys (COS) specifically because the survey results are available before the corresponding (official) quantitative data. However, Big Data has begun to make inroads on areas traditionally covered by BTS and COS. It has a competitive edge over BTS and COS, as it is available in real-time, is based on all observations and does not rely on the active participation of respondents. Furthermore, Big Data has little direct production costs, because it is merely a by-product of business processes. In contrast, putting together and maintaining a sample of active respondents and collecting information through questionnaires as in the case of BTS and COS, require the upkeep of a costly infrastructure and the employment of people with scarce, specialised skills.
However, BTS and COS also have a competitive edge over Big Data in certain aspects. These aspects could broadly be put into two groups, namely 1) BTS and COS offer information that Big Data cannot supply and 2) BTS and COS do not suffer from some of the shortcomings of Big Data. The biggest competitive advantage of BTS and COS is that they measure phenomenon that Big Data does not cover. Big Data records only actual outcomes, while BTS and COS also cover unquantifiable expectations and assessments. Although Big Data often claims that it covers the whole population universe (and not only a selection) this does not necessarily prevent bias. For example, twitter feeds could be biased, because certain demographic or less activist groups are under-represented. In contrast, the research design and random sampling of BTS and COS limit their selection bias.
To remain relevant and survive, producers of BTS and COS will have to adapt and publicise their unique competitive advantage vis-à-vis Big Data in the future. The biggest shift will probably require that producers of BTS and COS make users more aware of the value of the unique forward looking information of BTS and COS (i.e. their recording of expectations about the future).
On The Road to IoT: Looking Beyond 2015SAP Analytics
Why is the Internet of Things Important?
Analysts predict that the IoT will be more impactful than the Industrial Revolution. Whether it’s a device worn on your wrist or hooked up in your home, the IoT will not only affect your daily life but entire cities, countries, and society as a whole. The IoT allows us to collect more data and monitor more reactions to changing conditions. This in turn leads to better, faster, more efficient solutions to problems ranging from health to urban management to natural disasters.
Learn more: SAPLumira.com
In prior research, we showcased how digital leaders are using investments in digital technologies to transform key capabilities across customer experience and operations. However, in today’s volatile and disrupted world, capability leadership is not enough. As well as having the capabilities in place, organizations need to be nimble and flexible – dexterous – if they are to respond to ever-changing technology advances, emerging competitive disruptions, and changing customer needs. Enterprises that excel in both qualities – capability and dexterity – are digital organizations. This ‘digital elite’ reported that they outperformed their competitors on multiple key performance indicators including profitability, customer satisfaction, innovativeness and growth.
Advanced Manufacturing – Solutions That Are Transforming the IndustryMRPeasy
Advanced manufacturing is on its way to transform the industry. And there are solutions in place already that could help even small manufacturers keep up in the rapidly changing business environments.
Manufacturing is changing at a rapid pace and Industrial Tech startups are popping up everywhere.
What do you need to benefit from these developments and to ride the wave of change in manufacturing.
Inspiring Analytics: Tips and Examples for Achieving Better Business, Not Jus...SAP Analytics
http://spr.ly/SBOUC_VP - The last few years have seen massive changes in analytics technology, but organizations often struggle to take full advantage of these changes because they are focused on existing ways of working rather than future possibilities. This presentation aims to educate, entertain, and inspire, with a wide range of examples of how people have used brand-new technology (big data, social analytics, mobile analytics, etc.) not only to remove existing analytics bottlenecks, but also rethink business processes and flip industry business models.
Presenter: Timo Elliott, SAP
The Internet of Things is an emerging topic of technical, social, and economic significance. Consumer products, durable goods, cars and trucks, industrial and utility components, sensors, and other everyday objects are being combined with Internet connectivity and powerful data analytic capabilities that promise to transform the way we work, live, and play. Projections for the impact of IoT on the Internet and economy are impressive, with some anticipating as many as 100 billion connected IoT devices and a global economic impact of more than $11 trillion by 2025.
The Institution's Innovation Council (Ministry of HRD initiative) and the Institution of Electronics and Telecommunication Engineers (IETE) invited me to grace "World Telecommunication & Information Society Day" on 18 May 2020.
In the analogue era information was scarce and came from questionnaires and sampling. Since the dawn of the digital age in 2012 far more data than ever before is stored and it is mainly collected passively, i.e. while people go about doing what they normally do, such as run their businesses, use their cell phones and conduct internet searches.
Analysts, policy makers and business people value business tendency surveys (BTS) and consumer opinion surveys (COS) specifically because the survey results are available before the corresponding (official) quantitative data. However, Big Data has begun to make inroads on areas traditionally covered by BTS and COS. It has a competitive edge over BTS and COS, as it is available in real-time, is based on all observations and does not rely on the active participation of respondents. Furthermore, Big Data has little direct production costs, because it is merely a by-product of business processes. In contrast, putting together and maintaining a sample of active respondents and collecting information through questionnaires as in the case of BTS and COS, require the upkeep of a costly infrastructure and the employment of people with scarce, specialised skills.
However, BTS and COS also have a competitive edge over Big Data in certain aspects. These aspects could broadly be put into two groups, namely 1) BTS and COS offer information that Big Data cannot supply and 2) BTS and COS do not suffer from some of the shortcomings of Big Data. The biggest competitive advantage of BTS and COS is that they measure phenomenon that Big Data does not cover. Big Data records only actual outcomes, while BTS and COS also cover unquantifiable expectations and assessments. Although Big Data often claims that it covers the whole population universe (and not only a selection) this does not necessarily prevent bias. For example, twitter feeds could be biased, because certain demographic or less activist groups are under-represented. In contrast, the research design and random sampling of BTS and COS limit their selection bias.
To remain relevant and survive, producers of BTS and COS will have to adapt and publicise their unique competitive advantage vis-à-vis Big Data in the future. The biggest shift will probably require that producers of BTS and COS make users more aware of the value of the unique forward looking information of BTS and COS (i.e. their recording of expectations about the future).
On The Road to IoT: Looking Beyond 2015SAP Analytics
Why is the Internet of Things Important?
Analysts predict that the IoT will be more impactful than the Industrial Revolution. Whether it’s a device worn on your wrist or hooked up in your home, the IoT will not only affect your daily life but entire cities, countries, and society as a whole. The IoT allows us to collect more data and monitor more reactions to changing conditions. This in turn leads to better, faster, more efficient solutions to problems ranging from health to urban management to natural disasters.
Learn more: SAPLumira.com
In prior research, we showcased how digital leaders are using investments in digital technologies to transform key capabilities across customer experience and operations. However, in today’s volatile and disrupted world, capability leadership is not enough. As well as having the capabilities in place, organizations need to be nimble and flexible – dexterous – if they are to respond to ever-changing technology advances, emerging competitive disruptions, and changing customer needs. Enterprises that excel in both qualities – capability and dexterity – are digital organizations. This ‘digital elite’ reported that they outperformed their competitors on multiple key performance indicators including profitability, customer satisfaction, innovativeness and growth.
The objective of this module is to provide an overview of what the future impacts of big data are likely to be.
Upon completion of this module you will:
Gain valuable insight into the predictions for the future of Big Data
Be better placed to recognise some of the trends that are emerging
Acquire an overview of the possible opportunities your business can have with Big Data
Understand some of the start up challenges you might have with Big Data
Internet of Things Index 2017. Excellent Report from IBM and The Economist Intelligence unit about the use of IOT nowadays, it´s main trends, problems and debate contents. Is really IOT going to change all in the next years?
The objective of this module is to take a look into what big data can bring you in the future.
Upon completion of this module you will:
- See what are the predictions for the future of Big Data
- Take a look at some trends that are emerging
- Get an overview of possible opportunities your company can have with Big Data
- Face some of the start up challenges you might have with Big Data
Duration of the module: approximately 1 – 2 hours
Real-time information offers manufacturers
the ability to manage production in response
to the business environment, but its adoption
by the industry has been slow so far.
As demand for digital talent reaches a crescendo, CIOs are increasingly embracing an Uber-like approach to filling key technical roles throughout their organizations.
Bringing the Industrial IoT to life with advanced analyticsPrabal Acharyya
“It’s amazing what’s possible now. We’re combining the world of IoT with PI Integrator and Microsoft innovation so customers can do far more than just the traditional cost-savings types of projects. With these new capabilities, they will be able to do things they were not able to do before, and we’re bringing that together for them.”
Prabal Acharyya, Worldwide Director, IoT, OSIsoft
There’s no shortage of news about the Internet of Things (IoT) these days, but for all the buzz that’s been created, there’s one side of it whose real-world impact is actually more significant than the coverage it’s received. The Industrial Internet of Things (IIoT)—harnessing data produced by connected industrial sensors and devices—is predicted to have a larger impact on global economic output than any of the other big data sources. IIoT data also promises to help solve complex problems that have far-reaching impacts, but deriving the value from that data is going to require the use of sophisticated analytics. For more than 35 years, OSIsoft has been a leader in helping organizations capture operational data from industrial equipment. Today, the company is on the front lines of helping businesses use highly advanced analytics to gain valuable operational intelligence from their sensor-based data.
It's Now or Never for Shift to Real-Time AppsPixel Crayons
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1. Dashboard number crunchers take off
COVER STORY
Barney Cox, Printing World, 01 February 2008
Few business people will have escaped the
impact of the tightened security at UK
airports imposed in response to the terrorist
attacks in August 2006. Hand-luggage
restrictions made it almost impossible for
anyone to travel fast and light, and the
resultant hold-ups in security – added to the
usual time spent lingering at the baggage
carousel – meant that even embarking on a
short journey created a whole new level of
stress.
Many will have therefore rejoiced at the recent relaxation of the rules, with some airports and airlines allowing
two items of hand luggage once again. According to a report on UK technology website IT Pro last month,
Manchester airport‟s ability to relax the one-bag rule was down to its efforts to improve operational efficiency
through the use of business intelligence (BI) software.
Manchester airport began using BI to monitor its commercial performance, and subsequently realised it could
use the same tools to pinpoint operational bottlenecks. By monitoring passenger and baggage flow trends the
airport‟s operator can forecast the effect of screening additional bags, and has been able to provide X-ray
machines and staff to cope with the additional demand.
While that‟s good news for anyone travelling to or from the North West, it also highlights the power of BI
software, which is now starting to receive more attention in print as firms seek to get a better grip on their
businesses and take advantage of the benefits that their management information systems (MIS) can
provide.
"If I had a choice between buying a press and an MIS, I’d buy the
management system first" Chuck Gehman
But collecting the information is one thing: the big deal is how all that information is digested, processed and
presented to help the management team run the business most effectively. The increasing importance of this
information and how it is presented was highlighted by Pira‟s former head of print, pre-press and printing
technology John Birkenshaw in a seminar at last year‟s MIS show, just before his retirement. “The snapshot
and the monitoring of key performance indicators (KPIs) are important for showing when and where to apply
management time,” explained Birkenshaw.
Appropriately enough for the earlier aviation analogy, two of the many ways of describing the display of KPIs
in an easy to interpret graphical interface are the „cockpit‟ and the „flight deck‟, although refering to
„dashboards‟ and „executive information systems‟ (EIS) is also common.
The concept is not in itself new. UK MIS firm Printpak has included a feature in its system to pull out salient
data in a visual format for years, and managing director Norman Marks is at pains to point out that despite
the recent revival of interest in the concept he has printers making use of the system today – whereas for
most MIS vendors it‟s one of the next big things that they plan to take the wraps off in the run-up to Drupa.
Deja vu
Anyone with a particularly good memory may recall similar claims about a new generation of MIS with added
business intelligence were also made by a number of firms in the run-up to the last Ipex. While some people
may be experiencing a feeling of deja vu, this time around it looks more likely that there will be a larger
market for these products.
The biggest single reason for this is that, since Ipex, the Vision in Print (ViP) Management Information
Systems Best Practice Study has been published, which has focused both printers‟ and MIS suppliers‟ minds.
“The ViP MIS guide is the most significant thing ever written on MIS,” says Pira‟s Birkenshaw. “I know it has
led to developments from MIS suppliers.”
2. Several vendors are working towards implementing ViP‟s recommendations in their systems.
“We‟re aligning Optimus 2020 with the findings of the ViP report and we‟ve done a huge amount to make the
suggested information available through Optimus Analysis,” says Optimus Group managing director Nicola
Bisset. Optimus Analysis, the firm‟s business intelligence module, has been redesigned with the findings of the
ViP study taken into account, and is currently being beta tested.
Imprint Business Systems has also taken heed of the ViP study in developing the dashboard for its MIS.
“Adding the KPIs was a big thing in terms of addressing the recommendations of the ViP report,” says
chairman Jonathan Richards. “The KPIs we‟ve chosen are very close to those recommended by ViP.”
Richard Gray, chief executive of ViP, is heartened by the MIS suppliers‟ response to the report: “We‟re
delighted to see that a number of MIS vendors have responded to the ideas in the study. The dashboards and
KPI reporting have to be good news in principle. The plans that one vendor has shared with us look very
promising.”
The ViP study has even made an impact overseas in the implementation of Kodak‟s Enterprise Management
System (EMS), which is currently being launched in North America. EMS will be coming to Europe at Drupa
with the first installations expected to be at the end of the year, most likely at a UK printer.
“I‟ve been looking at the market for the past two years, and the breadth and depth of that report makes it a
must-read,” says Kodak Graphic Communications Group product communications manager Louis Gordon. “It
marks a path for the transition from pre- to post-global village and lays out a way for MIS to be used to
enable that.”
What Gordon describes as the „transition to the global village‟ is what the rest of us would call „increased
competitive pressure‟, but, however you describe it, the problem is the same.
"The economy has changed so much that you need new tools to be
able to compete" Louis Gordon
New tools
“It was part of the printer‟s mindset that print is a craft, but the economy has changed so much that you need
new tools to be able to compete, including tools to help build up business knowledge,” he says. “The use of
KPIs to access information instantly, and having daily, rather than monthly, reports is essential for a strong
sense of the status of the company.”
EFI chief executive Guy Gecht claims that the power of information will be one of the five big themes of the
forthcoming Drupa, alongside industry consolidation, digital printing, industrial printing and the environment.
Gecht first introduced the concept of adding what EFI calls an executive information system (EIS) to its MIS
back in 2005. In defining why an EIS is important, he quotes a message Bill Gates sent to Microsoft staff
stating that the problem is not about possessing the underlying data, but in sifting that data and presenting
people with meaningful information that helps them to make decisions about how to run their business.
Developments in software and the pressures faced by the industry are behind the recent efforts to supply
more meaningful information from the MIS directly without the need to use a spreadsheet or report writer to
interpret the data.
“We commonly have to come up with spreadsheets that take some information from the MIS and some other
data to get relevant KPIs for our customers,” says ViP‟s Gray.
New systems with built-in business intelligence functions promise to eliminate that additional work.
“At EMS beta site (at Massachussetts firm LaVigne) the chief operating officer told me that the strength of the
system is in the access to the data,” says Kodak‟s Gordon. “In the old days it was a chore to do a daily report,
but EMS allows them to produce reports tailored to them.”
Simple to use
Optimus director of research and development Nigel Tyler says the company‟s new software makes that
customised approach possible. “Optimus Analysis gives a much better way of slicing and dicing the underlying
data,” he says, adding: “We want it to be simple to use: you shouldn‟t need a degree in computer science to
be able to understand it.”
There are two big advantages of this new power to process the underling data: one is that it can be
presented visually, making it easier to interpret that all-important trend data that the
ViP survey highlighted.
“It‟s easier to see than a report and lets you view data in aggregate,” says EFI director of product
3. management Chuck Gehman. “People have been surprised by what they found.”
The real beauty, though, is that you‟re not restricted to just viewing the big picture – you can use that as a
jumping-off point and go looking for the specifics, with the software doing the clever stuff in the background
to help you find the answers.
“People are asking for very drilled-down details: per machine, per person, per job type,” says Optimus‟ Tyler.
“It‟s getting that drilled down in a few clicks – that‟s the difference between traditional reports and business
intelligence.”
Or as Gehman puts it: “People are able to go from global information to local – it‟s like Google Earth for your
print factory.”
Business intelligence can be applied to all aspects of the business in sales, administration and production. On
the financial side you can use it to reveal what sort of jobs and customers are the most and least profitable
and to track those trends over time, at any time, and not just at the end of the month when the monthly
report is generated. As Tyler says, it can be used to get detail to the nth degree on production, too.
While the historical stuff is extremely valuable for analysing the business and developing your strategy, the
adoption of the dashboard or cockpit approach also helps with the tactical stuff and keeping on top of issues
as they evolve within the business.
“You want to know something is happening the moment it goes wrong,” says Imprint‟s Richards. “We flag up
[in the dashboard] production issues such as the non-arrival of artwork. It gives you time to deal with it
before it can become a problem.”
Optimus offers something similar in its Alerts module. “Alerts force feed people the information that they need
to know. It‟s information in your face,” says Bisset.
Everyday details
As well as the strategic and tactical issues, the development of dashboards and business intelligence tools has
focused MIS providers on making sure everyone has a personalised window into the system showing them
what they need to know. While fighting fires and forecasting are important and powerful tools, sometimes it‟s
the mundane things that prove to be most valuable, which is something Gordon says Kodak has considered in
the interface and operation of EMS. “It‟s not just dashboards,” he says. “It‟s having a task manager to ensure
things don‟t fall through the cracks.”
Whether it is in light of the ViP report, advances in technology or changes in the market making printers look
at how they can get a better handle on their businesses, it‟s clear management information systems are
moving on, and that the market may be coming around to the view of EFI‟s Gehman about their value: “I‟ve
told people for years that if I had a choice between buying a press and an MIS, I‟d buy the management
system first.”
VISION IN PRINT: MIS BEST PRACTICE STUDY
Published in 2006, ViP‟s MIS study surveyed the use of MIS by UK print firms to establish how these systems
were being used, and what printers and MIS suppliers needed to do to enable printers to get more out of the
systems.
One of the key findings of the report was that the way MIS are used today is to improve speed and efficiency
in administration, and not as a tool to measure, control and develop the business. Of the firms surveyed, only
25% analysed the profitability of job types, customers and market sectors to establish the profit and loss
generators.
Among the report‟s recommendations was that printers should use the systems to produce concise reports on
the state of the business, keep their fingers on the pulse, know where profits and losses were made, measure
customer service levels and use overall equipment efficiency (OEE) and other KPIs to monitor production
efficiency. To support that, it went on to suggest that MIS suppliers implemented the reporting of KPIs and
summary data as standard parts of their system.
The report suggested that MIS should be used to optimise the day-to-day running and continuous
improvement of the business. It highlighted that to understand the data, especially KPIs, showing how the
figures were changing over time was more important than current values.
The report can be downloaded free from ViP‟s website as a PDF. Go to www.visioninprint.co.uk