Friday, August 31, 2018

Big Data and how you can reap the benefits.

Big data is having an impact on organizations’ reaction time to supply chain issues. 
  •  (36%), increased supply chain efficiency of 10% or greater 
  •  (46%), Improved customer service operations.
big da·ta
  1. extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

    "much IT investment is going towards managing and maintaining big data"

 The Big Data Analytics in Supply Chain: Hype or Here to Stay? Accenture Global Operations Megatrends Study found that companies are achieving significant results using big data analytics to improve supply chain performance and gain greater contextual intelligence.
figure 6 big data

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