Advanced Analytics

Imagine a tool that not only lets you test countless variations on a plan but also produces data on each alternative, allowing you to get a glimpse into the future of your project.

Imagine software that answers the question: What can happen?

More importantly: What will happen?

With Simio, companies have the power to maximize business processes and decision effectiveness using advanced analytics – a strategy deemed critical in Gartner’s Top 10 Strategic Technologies for 2010.

“The new step is to provide simulation, prediction, optimization and other analytics, not simply information, to empower even more decision flexibility at the time and place of every business process action. The new step looks into the future, predicting what can or will happen.”


Gartner's Top 10 Strategic Technologies for 2010

Gartner’s report put a spotlight on optimization and simulation, defining the best practices as using analytical tools and models to maximize business process and decision effectiveness.

This is done by using simulation to examine alternative outcomes and scenarios not only before but also during and after implementation and execution. The report states this process can be viewed as a third step in supporting operational business decisions.

Analytics exploits information to identify patterns, create possible change scenarios, make predictions about the future, and prescribe actions based on predicted results. Analytics is the key to successfully driving changes in people, processes, and business systems.

In their book Competing on Analytics: The New Science of Winning, Thomas Davenport and Jeanne Harris discuss the increasing demand and use of analytical technologies supporting corporation’s decision-making processes.

Instead of just collecting and storing information, leading companies are building competitive strategies around data-driven insights that are generating impressive business results.

“Their secret weapon? Analytics: sophisticated quantitative and statistical analysis and predictive modeling supported by data-savvy senior leaders and powerful information technology.”


Competing on Analytics: The New Science of Winning

Now more than ever, Simio 3D modeling software is that “secret weapon” that can help companies make informed decisions and gain a competitive edge.

With Simio, companies can use simulation modeling as an analytics tool for predicting what can or will happen as a result of decisions across the enterprise.

The role of simulation is expanding to exploit information and predict the impact of change at all levels of the business.

No Longer Just For Experts

A recent ARC Advisory Group Collaborative Production Management (CPM) Report, 2007, Market Forecast through 2011, Discrete Industries Worldwide Outlook, examined the use of simulation modeling in discrete industries worldwide. The conclusion?

"In the near future, modeling and simulation will represent a new way of doing business."

ARC Advisory Group Collaborative Production Management (CPM) Report, 2007

The report contends that because of its importance to business, modeling and simulation will soon move away from being a practice that is exclusive to experts. Simulation and modeling will become a "ubiquitous collaboration tool for non-technologists such as managers and operators who make everyday production, operational and business level decisions.”

Simio is designed to deliver on that promise by expanding on the scope of applications and making models dramatically faster and easier to build and use. Simio simulation software has broad application to a wide range of systems including manufacturing, supply chains, warehousing, distribution, service, military operations, healthcare delivery, transportation, airport design, mining, etc. All of these applications can benefit from the expanded use of model-based tools throughout the business to maximize their overall system performance.

To find out how your company can harness the power of advanced analytics, click here to download a free evaluation version of Simio or contact us for a demonstration.