In theory, data is the new oil. In real life, data is a fraud with inconsistencies, errors, omissions, duplicates, irrelevant elements, etc. It is often incomplete, so it does not represent all aspects that need to be considered in operational decision making.
Even worse, the data is in different formats and is usually scattered across a variety of different databases and other IT sources. For management decision-making, they need to be aggregated accordingly.
Advanced analysis software enables:
- integration from multiple and diverse sources
- improved data quality
- visualization of data
- the demonstration of the importance of data for operational management