big data is larger, more complex data sets, especially from new data sources. These data sets are so voluminous that traditional data processing software just can’t manage them. But these massive volumes of data can be used to address business problems you wouldn’t have been able to tackle before.
supply chain industry need this type of data to survive in every situations.
4. Flow Of The Presentation
What Is Big Data?
Why Big Data?
Who Uses Big Data?
What Does Big Data Mean For Supply Chain
Management?
What Are The Concrete Opportunities That
Big Data Presents?
5. What is big data ?
Big data is a term that describes the large
volume of data – both structured and
unstructured – that inundates a business
on a day-to-day basis. But it’s not the
amount of data that’s important. It’s what
organizations do with the data that matters.
Big data is data that contains greater
variety arriving in increasing volumes and
with ever-higher velocity. This is known as
the three Vs.
Put simply, big data is larger, more
complex data sets, especially from new
data sources. These data sets are so
voluminous that traditional data processing
software just can’t manage them. But these
massive volumes of data can be used to
address business problems you wouldn’t
have been able to tackle before.
6.
7. Why big data ?
Key Enablers Of Appearance And Growth
Increase Of Storage Capacities
Increase Of Processing Power
Every Day We Create 2.5 Quintillion Bytes
Of Data
90% Of The Data In The World Today Has
Been Created In The Last Two Years Alone
Smart Decision Making
Determining Root Causes Of Failures,
Issues And Defects In Near-
Real Time.Generating Coupons At The
Point Of Sale Based On The Customer’s
Buying Habits.Recalculating Entire Risk
Portfolios In Minutes
Detecting Fraudulent Behavior Before It
Affects Your Organization.
8. Who uses big data ?
Education
Government
Healthcare
Manufacturing
Retail
9. What does Big Data mean for
supply chain management?
Information is the driver of corporate
decision making on strategic, tactical, and
operational levels. Companies in the supply
chain must have access to up-to-date,
accurate, and meaningful information.
That’s why harnessing the power of Big
Data is vital for supply chain management.
the optimization of a firm’s supply-side
business activities, such as new product
development, production, and product
distribution, to maximize revenue, profits,
and customer value.
Big Data management has tremendous
implications for supply chain management.
Firms that can aggregate, filter, and
analyze internal data, as well as external
consumer and market data, can use the
insights generated to optimize decision-
making at all levels of the supply chain.
10. Big data opportunities
Enhanced information management
Increased operations efficiency and
maintenance
Increased supply chain visibility and
transparency
Greater responsiveness
Enhanced product and market strategy
Improved demand management and
production planning
Innovation and product design benefits
Positive financial implications
More integration and collaboration
Enhanced logistics
More efficient inventory management
Improved risk management
.
11. BENEFITS OF BIG DATA FOR
SUPPLY CHAIN MANAGEMENT
Customer Service
Shipping and Delivery
Forecasting
Optimizing vendor management
Automating product sourcing
Personalizing service
Pricing Management
12. ROLE OF BIG DATA FOR
SUPPLY CHAIN MANAGEMENT
Real-time Delivery Tracking
Optimized Supplier Management
Customized Production And Service
Automatic Product Sourcing
Optimized Pricing
13. THE FUTURE OF BIG DATA AND
SUPPLY CHAIN MANAGEMENT
Several innovations and trends will not
only accelerate the volume of data as a
whole, but also the volume of data relevant
to supply chain management. Mobile will
continue to provide a major source of
supply-chain relevant data, driven by the
GPS technology in mobile devices, as well
as the proliferation of social networks
specializing in social discovery, which
allows users to discover people and events
of interest based on location. Deep analysis
of consumer location information can
afford firms even greater efficiency at
getting products to consumers, whether
through optimizing the locations of regional
fulfillment centers or even distribution of
products at those events and venues well
frequented by its consumers.
Iot and Cloud Computing.
14. You can find me at
@username · kushalsshah.wordpress.com
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Hinweis der Redaktion
Complexity. Today's data comes from multiple sources, which makes it difficult to link, match, cleanse and transform data across systems. However, it’s necessary to connect and correlate relationships, hierarchies and multiple data linkages or your data can quickly spiral out of control.
Researchers at the University of Kassel in Germany spoke to 20 experts from a leading global company in the management consulting industry who identified the opportunities and challenges that Big Data analytics presents for supply chains.