A new article discusses the way that automation, AI and big data are transforming the industry. It raises the alarm that supply chain management will soon cease to exist, only to assert that it will still exist, just in a very different form. This guest post comes to us from Argentus Supply Chain Recruiting, a boutique
Here are our most-viewed blog posts from 2017 about big data/analytics, including articles about using big data in supply chain/logistics and competitive benchmarking. “Big data” has been a hot-button word in supply chain and logistics circles for several years now. But the concept of using big data to measure performance and improve operations is only
In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain analytics can have a big impact on their bottom line. Some supply chain companies are leaning on the power of analytics to help streamline their processes and get ahead of their competitors. But many companies have
Fronetics Strategic Advisors is a leading management consulting firm. We advise and work with companies on their most critical issues and opportunities: strategy, marketing, organization, talent acquisition, performance management, and M&A support. We’ve gathered our most-read big data articles of 2015: Big Data and Supply Chain Management With current technologies, there are increasing amounts of information
Let the spending bonanza begin. comScore projects that the 2015 total online retail spending for the November–December period will reach $70.1 billion, representing a 14-percent gain versus year ago. The flurry of holiday orders raises the stakes for retailers. Several studies show customers are, rightly so, a demanding bunch. They have no tolerance for out-of-stock
Why airing metrics out in the open could be the next big content marketing trend. We’ve talked a lot about data in the last few years. Companies have been grappling with the sheer number of numbers available to analyze, and they’ve struggled to decipher which offer actionable business intelligence. Still, they plan to pour more
Gamification. Web scraping. Behavioral analytics. A recent article inHarvard Business Review (HBR) outlines three methods that may be poised to compete with good old hiring tactics. Does the traditional face-to-face interview even stand a chance against algorithms that turn your prospective employee’s online activity into a quantitative estimate of job potential or fit? These assessment
Big data is, well, big. The term has gotten lots of buzz the past few years. But it’s big in other ways as well. According to McKinsey big data is defined as “datasets whose size is beyond the ability of typical database software tools to capture, store, manage, and analyze.” A 2014 Forbes article has
Many organizations that jumped on the big data bandwagon have struggled to turn their new, boundless collection of data into actionable business information. As consultant Rich Sherman of Athena IT Solutions puts it, today’s businesses are struggling with “the transformation of data into information that is comprehensive, consistent, correct and current.” Enter data governance programs,
Big data is big. Over the past two years alone more than 90% of the world’s data has been created. Each day more than 2.5 quintillion bytes of data are created. For those who are more numerically inclined that is more than 2,500,000,000,000,000,000 bytes per day. Companies are spending big money to determine how they
Analytics is good for business — as long as you can make sense of it. Does your business suffer from a case of data overload? Or do you steer clear of new investments in supply chain analytics because you are afraid they could yield more data than your business can handle? You are in good
From coffee makers to urban design, the Internet of Things (IoT) is affecting change in virtually all aspects of daily life. And even though the IoT is still at the early-adopter stage, in just five years 50 billion devices are projected to be connected to the Internet, generating an estimated $2 trillion to $14 trillion
