317 goods . Having the whole organisation globally able to visualise all that data gives the ability to make better decisions and work towards operational excellence , and create customer value .”
With this step in place , Miesen explains that the focus shifts first towards being more predictive and then bringing greater intelligence and algorithms into the process . The former , he explains , revolves around using the data collected to model processes , from the simple to the very complex . “ You start with simple linear regressions , then move along the level of complexity so that you can gain greater understanding by using statistical analysis ,” he says . “ The next step is to add intelligence to those statistics , which enables you to analyse , prove , predict and understand anything . businesschief . eu