The payoff from joining the big-data and advanced-analytics management revolution is no longer in doubt. The tally of successful case studies continues to build, reinforcing broader research suggesting that when companies inject data and analytics deep into their operations, they can deliver productivity and profit gains that are 5 percent to 6 percent higher than those of the competition.
Despite all the hype surrounding America's supposed Manufacturing Renaissance, the data has painted a starker picture for some time. Hardly a renaissance, U.S. manufacturing has seemed to be closer to a recession.
The myth of showrooming - the suggestion that tons of shoppers are flooding stores to only use them as a physical showroom as they had always intended to purchase the product at Amazon - lives on. But a survey conducted in late April by Bizrate Insights is helping to add a little clarity. First, showrooming really doesn't happen very often. But more interestingly, when it does, it's more likely to be within the same chain. That's a problem all right, but the name of that problem isn't showrooming. It's internal politics.
More retailers today are looking at the way they manage their non-merchandising indirect spends, and procurement transformation is increasingly coming into the conversation.
Despite increased business investment in innovation, only 18 percent of executives believe their company's innovation efforts deliver a competitive advantage, according to an Accenture study that also revealed a risk-averse approach to product and service development.
Organizations of all sizes across an assortment of industries are using a growing set of cloud analytics solutions to address their Big Data, business intelligence and data integration challenges.
Digital coupon users spend 42 percent more per year at supermarkets than the average shopper - a differential of $1,029, according to a GfK report, based on more than 120 campaigns run by Coupons.com in 2012. This reflects a 7-percent increase compared to 2011.
In the past year, there have been numerous articles debating whether "reshoring" is a myth or really happening. For example, the cover article of the April 22, 2013 issue of Time magazine was "Made in USA - Manufacturing is Back - But Where are the Jobs?"
BASF, Dow, DuPont, Honeywell and the rest of the American Chemistry Council's member companies have pledged to implement 11 industry best practices to evaluate and improve their product safety performance.