Sectors

5 Steps Supply Chain Executives Can Take to Harness Big Data

13th Aug `13, 10:28 AM in Sectors

The term “big data” is the buzz word du jour. But to drive the opportunity, companies must bypass…

BDMS
Guest Contributor
 

The term “big data” is the buzz word du jour. But to drive the opportunity, companies must bypass the hype.

New forms of data do not fit traditional IT architectures. Traditional supply chains were architected to use structured data using software based on relational databases. The big data era will make many of the investments obsolete from the last decade. So, is it a problem or an opportunity?

At Supply Chain Insights, we think, and 76 percent of respondents on our recent survey agree, that big data is an opportunity. (See Figure 1, below.) Big data offers new means for the corporation to listen, test and respond faster, but only if enterprises change their process paradigms.

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