JMP Connections

5So What About a Bad Economy?

1. 5.1 Overachievement—Data Virtualization
2. 5.2 JMP^® Connection as the Universal Server
3. 5.3 Well-Formed Data
4. 5.4 Linked Data

Whether a business is impacted by bad economic conditions or is simply facing tough competition, there is no excuse today for not leveraging the statistical software technology to squeeze out the waste, become more operationally lean, and at the same time make the right business decisions most of the time. Not doing so is to not count additional profitability because that which goes to waste or is incidentally and summarily overlooked is a loss. It is a loss in terms of achieving lower costs, improvements to the supply chain and subsequent revenues, and added value to product for the customer, which in the end affects the valuation of the company by owners and shareholders.

JMP^® CONNECTIONS is a more advanced way of thinking about business metrics. Most of the solutions today for the dashboards or scorecards are web server–based models and yes they tap into a multitude of data silos, and yes the web pages look like pretty slick applications, but the work is primarily done on the server. That work does not include advanced statistical analysis unless the time and money is spent to write the programming into the back end. As a result, most of the reporting is data filtering and presentation organizational building tasks, which is quite easy to do. Even the time it takes to do that is considerable. So in reality, a better looking ...