Most organisations undervalue the role of big data in devising effective MRO cost-saving strategies, largely because it is inaccessible to them. Yet visibility of the data ensures that decision making is based on the firm foundations of actuality rather than assumption. RS Components (RS) research says companies that embrace data analytics can realise a dramatic improvement in performance. Big data has become more than simply a buzzword and affects many businesses across many sectors. The power that it holds in allowing companies to analyse vital business components such as output and performance through to consumption is vast, and it can hold the key to a more streamlined business that is more energy efficient and productive - and therefore more profitable.
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