Industrial operational intelligence is a business analytics and real time dynamic solution that provides greater insights and visibility for businesses. Operational intelligence is used by organisations for real time capabilities to take immediate decisions like stopping any business process or making changes in any traditional systems. Operational intelligence helps in improving and analysing business data through understanding the information related to shortfalls and finding simple ways of responding to any issues.
Operational intelligence is simple and easy to be managed by skilled professionals. It helps to acquire information on financial performance of industries and enterprises, thus it has become a major trend in financial services sector. Another major trend observed in operational intelligence is adoption of mobile tools for its operations. Thus in short operational intelligence automated the process of decision making that eliminates delays in process, and improves market responses and decision making. The industrial operational intelligence solutions market is anticipated to expand at a modest CAGR in the forecast period.
Global Industrial Operational Intelligence Solutions Market – Drivers and Restrains
Focus of companies to improve market responses and performance as well as the necessity to upgrade their processes are the major driving factors for the growth of global industrial operational intelligence solutions market. The ever increasing automobile and other manufacturing industries and their need to reduce the delays in decision making, automatic decision and real time access to the information are some factors that would bolster the global industrial operational intelligence solutions market.
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However, skilled professionals are required to operate the operational intelligence solutions and also they need to be trained for its handling and these can slowdown the growth of global industrial operational intelligence solutions market. Also the initial cost of operational intelligence solutions is very high and can act as a restraining factor for operational intelligence market.
Global Industrial Operational Intelligence Solutions Market – Segments
On the basis of types, global industrial operational intelligence solutions market can be segmented as follows:
Enterprise Manufacturing Operational Intelligence
Enterprise Operational Intelligence Software
IT Service Intelligence
On the basis of applications, global industrial operational intelligence solutions market can be segmented as follows:
Supply chain and logistics
Assembly line quality assurance
Exploration & production optimisation
Smart meter analysis
On the basis of end-use industry, global industrial operational intelligence solutions market can be segmented as follows:
Food & Beverages
Oil & Gas
Global Industrial Operational Intelligence Solutions Market – Region Wise Outlook
The global industrial operational intelligence solutions market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. North America is anticipated to be the leader in the global operational intelligence solutions market owing to its services and other flourishing industries particularly in the countries of US and Canada. Asia Pacific is expected to be the next major region in global operational intelligence solutions market because of the upcoming food & beverages sector, electronics and logistics industries. China and India and supposed to be the countries in this region having major applications of operational intelligence solutions. Europe also contributes significantly in the global industrial operational intelligence solutions market due to its dominance in automobiles market and leadership in meat market. Latin America and Middle East and Africa are at a nascent stage and are projected to have a modest CAGR in the forecast period.
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Global Industrial Operational Intelligence Solutions Market – Key Players
Some of the key players in the global industrial operational intelligence solutions market are:
MapR Technologies, Inc
ARC Advisory Group
AB&R® (American Barcode and RFID)
Vitria Technology Inc
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