Big Data is one of the hottest topics in the technology world today.
Chief Information Officers (CIOs) across the globe strive to exploit the vast amount of data they have within their organizations to transform how they do business.
The ability to gain insight into the information you have can make a huge difference in everything you do, from the experience you deliver to customers, to the efficiency of your business operations.
Your supply chain creates a massive amount of information.
In fact, you could think of it as a "data lake" into which information constantly flows from systems such as accounts payable and receivable, Electronic Data Interchange (EDI), and Business-to-Business (B2B) integration, warehousing, transport, and logistics but also information from customers and suppliers.
Being able to monitor, measure, and analyze this data in a near real-time environment will deliver tangible monetary value to your organization.
Applying analytics to the supply chain is still relatively new.
As the technologies for intelligent analysis and data visualization explode, it is a great time to look at what your business can achieve through a comprehensive supply chain analytics strategy.