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Real-time data queries designed to support decision making

 

Today’s managers face two challenges making business increasingly complex, especially against the backdrop of existing volatile market conditions: One challenge being a doubling of data every 18 months, specifically the very foundation of information overload: Data exchange is on the increase causing higher pace and amounts of processes. Therefore, it is virtually no bother to find information; rather, it is extremely challenging to weed out the right information in order to acquire a useful body of knowledge. The second challenge being managers face, which makes business increasingly complex, is that innovation cycles are constantly shortening; this makes it extremely difficult for literally every industry to simply keep up. Thus, what is state-of-the-art today can be obsolete tomorrow. This is why speed at which decisions are made is paramount. more