Business intelligence (BI) refers to the technologies, processes, and practices that organisations use to collect, integrate, analyse, and present data in order to make better-informed business decisions. BI helps organisations gain insights into their internal, and external trends, which can then be used to identify opportunities, optimise performance, and drive growth.
The goal of business intelligence is to provide decision-makers with the information and insights they need to make more informed and strategic decisions, ultimately leading to improved business performance and competitiveness.
Manufacturing Intelligence (MI) is a specific application of BI to the manufacturing industry. In other words, MI is a subset of BI that is focused on collecting and analysing data generated by manufacturing operations. BI encompasses a wide range of activities, including data mining, data warehousing, data analysis, reporting, and visualisation.
MI enables enterprises to gather and analyse real-time data from their operations, identify inefficiencies and opportunities for improvement, optimise production processes, and improve product quality. Read more....
Source link:- https://www.inteliiot.com/blogs/leveraging-iot-for-business-intelligence-in-manufacturing/
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