There is no doubt that big data has become a growth market, and is becoming one of the few on-premises projects seeing increased spending, as companies move less data-sensitive functions to the cloud. But where's the needed talent?
JDA Software Group Inc. has added capabilities to JDA Enterprise Supply Planning, an application that brings together the vendor's Master Planning and Supply Chain Planner modules.
Analyst insight: As the global competitive landscape evolves, businesses are looking to gain an edge by leveraging big data, using sophisticated analytics to uncover insights and help drive performance. One industry that is behind the curve is manufacturing – primarily automotive, mining, life sciences and consumer packaged goods. But that may be changing as a result of a rekindled focus on improving operational efficiency and the necessity for organizations to utilize their supply chains as a competitive advantage. – Amber Morgan, Senior Manager, Supply Chain Analytics Lead, EY
It's easy for tech-savvy executives to get excited about Big Data and advanced analytics these days. Newly available tools allow companies to do things they couldn't do before, like recommending specific products to online buyers or mining workers' compensation claims data to recommend better treatment options for injured employees. But whiz-bang capabilities don't create real value unless an organization incorporates these new techniques into its day-to-day operations.
A new market analysis by ABI Research finds that the revenues from integrating, storing, analyzing and presenting Internet of Things (IoT) data will reach 5.7bn in 2015. In the next 5 years, the market will expand dramatically, to an extent that in 2020 it is estimated to account for nearly one-third of all big data and analytics revenues.
In the age of the Internet of Things, how can companies extract meaningful insights from the mass of data that is available to them today? We get answers from Yogesh Amraotkar of the Innovation and Solutions Group of Cognizant.
A lot of security processes failed during the breach of Target's systems during last year's holiday season, but one surprising revelation was that the retailer actually did receive security alerts about the malware in its system. Yet because the security team was bombarded with alerts - estimated at hundreds per day - it couldn't adequately prioritize them.
Speed, Efficiency, Optimization. For many companies, actualizing this powerful trio can seem more like a dream than a concrete, achievable supply-chain goal. There are ways to realize all three, and the evolving excellence of supply chain technology is providing more and more opportunity to do so. Enter Big Calculations: the act of optimizing your business in real time, to create fast and efficient results.
A recent survey shows a clear disconnect between large manufacturing companies and mid-sized ones when it comes to so-called Big Data, with 96.3 percent of the latter finding the phenomenon to be either difficult to understand or only somewhat understandable.