Early uses of big data were concentrated in two areas: customer segmentation/marketing effectiveness, and financial services, particularly in trading. Recently, supply chain has become the "next big thing."
Platts, a provider of information to the energy, petrochemicals, metals and agriculture industries, as well as a source of benchmark prices for the physical and futures markets, has launched Platts Analytics.
Steelwedge has launched PlanStreaming, a cloud-based software platform that allows for continuous, in-time planning across all time horizons and levels of complexity.
Over the past few years, supply chain management has evolved from a labor-intensive local process to a "low-touch" - in some cases "no-touch" - complex global network. Today, SCM involves end-to-end and integrated planning and execution processes with real-time collaboration across the value chain. Such a system possesses tremendous flexibility in adjusting to a dynamic and consumer-driven marketplace.
Harnessing data is crucial: Two-thirds of companies participating in a 2012 MIT Sloan survey said using analytics gave them a competitive edge. Most factories could use the boost.
The transparent supply chain solution called the Control Tower acts as the supply chain nerve center, utilizing technology, organization and processes that capture product movement visibility from the supplier all the way to the customer.
Landesk Software, a provider of applications for information-technology systems management, has acquired Xtraction Solutions, a vendor of business-intelligence tools.
If the company is the bus and its leader is the driver, as Jim Collins' famous analogy states, then it stands to reason that when the bus is moving, the driver should mostly be looking out the windshield (toward the future) rather than consulting the rear-view mirror.