The operations environment is changing continuously and at a rate never seen before.

Product
cycles are shorter, markets are becoming increasingly volatile, and profit margins are almost
disappearing putting immense pressures on supply chains. Manufacturing setups have become
extremely complex in nature.
Operations Analysis focus majorly on the analysis of machine data. It is growing at an ever
increasing rate and is available in a large volume and variety of formats. Tools used for this
purpose can range from IT machines to sensors, GPS devices and meters. Using data from
machines to improve the operations require complex analysis and correlation across various
data set types. Usage of Big Data for Operation Analysis can help organizations profit from realtime visibility into operations, transactions, customer experience and behavior.
In the past two decades, Lean and Six Sigma programs have helped manufacturers to reduce
waste and production variability and improve the quality of the product and yield. Despite the
application of lean techniques extreme variability in yields is a fact for certain production
process like chemical, pharmaceuticals and mining. Given the complexities in production and
huge number of production activities that influence output per unit, a more detailed approach
must be undertaken to identify and correct these flaws. Advanced analytics can be the best
solution for the same.
Statistics and Mathematical tools are applied on business data to estimate and improve the
results. Operations Managers can use advanced analytical techniques to better understand
historical data related to the production process, identify the patterns and relationships among
different steps, inputs and then optimization of the factors that have the biggest impact on the
yield. Many manufacturers operating at an international level across various sectors and
locations now have abundant real-time shop-floor data and the capability to implement the
sophisticated statistical assessments. They are now taking all of the available data in an
aggregate form rather than distinct and isolated sets in order to analyze the overall impact.