Analytics: Changing the Speed of Supply Chain

Analytics are the key to transforming data into actionable insights that accelerate your business forward.

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Are you ready? Today’s global, fast-paced environment demands we make better decisions quicker and with a higher degree of confidence. The opportunity in front of all of us is to harness insights from old and new data sources, to think about problems differently and to take advantage of opportunities faster than we have been able to in the past.

Every interaction we have today consumes and/or creates data. When you search online you highlight which products and services interest you. When a shipment leaves a port in Shanghai it creates volumes of data. Weather patterns provide indicators that can impact transportation, crop harvests and buying intentions. Social media interactions help drive sentiment and create or crush demand. There is a wealth of structured and unstructured data available to tap into.

Enterprise systems also produce a gold mine of valuable data. Many of these solutions can help visualize this data based on normal, cadenced-based schedules (think of spreadsheets or off-the-shelf business intelligence tools). However, today’s global businesses are moving faster. We need to support better decision-making with improved insights and be able to serve this up at a moment’s notice going well beyond simple visualizations. The key is transforming this data into actionable insights—and analytics is the instrument to make this a reality.

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