How can real-time management systems help in identifying and responding to emerging trends or issues?
This helps us by extracting accurate historical data wherein we can actually see current trends, intervals, days or months, where we are excelling and where we can improve, from there we can start with establishing an effective line chart, linear regression is a statistical method that is used to model relationships between two variables and it can be used to identify trends and we can then work with the operations and the client for solutions.
Real time management systems and tools help us to create the optimal flow for our organization. It can significantly lower labour costs without lowering performance.
Through these systems, we can certainly identify and correct inefficiencies.