THE CHALLENGES OF ADOPTING BIG DATA AND ANALYTICS WITHIN SUPPLY CHAINS
SUPPLY CHAIN
“Government and regulators have a role to play to ensure that legislation is clear , to guide companies on the correct usage of this technology ”
— Raj Bawa , Operations Director , JBi Digital
58 clear and credible data-based insights . This is where Big Data and analytics can help so that the user is no longer required to analyse data . Rather , the system is telling them what action they need to be taking .” Kirsty Braines , COO at Oliver Wight EAME adds that “ it is a proven benefit that advanced analytics for the supply chain industry increases yield , whether through improved production or reduction of waste . Advanced analytics can play a vital role in identifying issues that can impact yield , as well as help to reduce operating costs , manage inventory and create a more personalised customer experience .”
THE CHALLENGES OF ADOPTING BIG DATA AND ANALYTICS WITHIN SUPPLY CHAINS
“ The world is becoming more complex as more business and consumer interaction channels migrate into the digital space . This complexity is evident in the amount of data these interactions create across an increasing number of channels ,” says Jonathan Clarke , Manager , Statistical Modelling at LexisNexis Risk Solutions . As a result , when it comes to Big Data and analytics ,
MARCH 2020