Lean and Data Analytics

Data analytics is the process of examining data sets to find trends and draw conclusions. It provides performance dashboards with real-time information. Historical data is also used for predictive analytics. Lean Data analytics combines the principles of Lean Thinking and analytics to enable organisations to measure and track process performance. It provides actionable insights empowering employees for problem-solving and catalysing data-driven decisions. To make the most advantage of data analytics, organisations need to rethink their kaizen approach and upskill their employees. For instance, operators can use machine-learning techniques to model the potential combinations and effects of the variables when performing a root-cause analysis as well use predictive models in operations.