New York City, NY (PRWEB) March 08, 2012
In an article titled, Intelligence Uncovered: Transforming Data into Actionable Information, CGS’s Application Solutions Group President Paul F. Magel outlines the benefits of Business Intelligence (BI) software and the growing challenge of leveraging existing information to more intimately understand business strengths and opportunities. In the piece, Magel states that as the current business climate continues to become increasingly competitive, organizations need more than just Enterprise Resource Planning (ERP) to get the most out of their data and maximize their full potential.
While ERP continues to deliver tremendous value for retailers, brands, and suppliers, todays fast-paced and highly competitive business environment is requiring these companies and their global supply chains to more effectively leverage the volumes of data housed in ERP and other business systems, said Magel. Best in class companies have recognized the importance of transforming transactional data into actionable analytics, or business intelligence, that can be used to improve planning and execution across the entire concept-to-consumer product lifecycle.
Magel also points out that several new BI software systems developed in recent years have failed to catch-on due to their incompatibility with the fashion industry. However, that doesnt mean they dont have the potential to be successful if they are produced with the industry in mind.
When effectively focused on industry-relevant metrics and best practices, BI can effectively provide measurable benefits and strategic value for fashion companies. This is most evident when analytical tools are integrated within the components of the business system rather than deployed as a separate system, said Magel. As a result of recent advancements in technology, fashion companies can now achieve this advanced level of business intelligence through a more time and cost-effective deployment option. By embedding advanced analytics tools in a comprehensive enterprise solution, systems such as BlueCherry
