“Big data, let’s make you useful.”
A popular buzz word today is “big data”. Big data refers to a collection of data from multiple platforms to generate data set and analytics. Using big data and analytics effectively is in high demand for many supply chain operations. In fact, it is thought to be the revolution in supply chain. Supply chains transact with multiple vendors, manufactures, distributors and retailers which can make for large data sets and unmanageable information. If data is delivered properly it can be effective in the decision making process and improving profitability.
Understanding how to use your data and where your data comes from are key factors in developing useful analytics.
July 17, 2014
