Operational intelligence (OI) provides real-time dynamic business analytics of streaming events and business operations along with insight and visibility into the data. Operational intelligence is designed and developed to improve the overall efficiency of the organization by focusing on operational information and data of the organization.
Rising adoption of big data and artificial intelligence in industries due to increasing need for operational efficiency and escalating demand for centralized control and monitoring systems are driving the global operational intelligent market.
The other factors driving the growth of operational intelligent market are advancement in technology, rising complexity of manufacturing process, increase in adoption of operational intelligence in financial sector, growing demand for real time remote monitoring of industrial activities.
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Moreover, growing automation in industrial sectors to avoid mishaps and provide safety of product and employees is also contributing to growth of operational intelligent market.
Operational intelligence market supports automation of decision-making process, which improves decision making, enhances market responses and reduces process delays. These solutions are strategically used by organizations to upgrade business processes and enhance their performance.
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Additionally, OI supports automation of operational data collection and data delivery consequently improving the visibility of performance and operating costs of the process.