Functions such as Sales and Marketing have traditionally benefited from using analytics. Analytics is now being used widely in other functions as well, ranging from HR to Finance, as CXOs realize the value of data-driven operations.
Analytics for Operations & Planning means different things to different organizations – Demand forecasting, People analytics, IoT, Workforce optimization, Predictive maintenance, Supply chain optimization etc. are very organization specific because every business is unique.
Solutions built using the right combination of forecasting and optimization methods are required to address planning problems. Self-learning systems powered by artificial intelligence can help organizations approach operations in hitherto unthought-of ways.