Analytics & emerging technologies for transforming Supply Chain
It is said that the amount of information created between the dawn of civilization and the turn of the second millennium stood at five exabytes. Today, this is the amount of data created every two days. We are living in the age of “big data”. Hiding in this vast ocean is intelligence that can improve lives, drive efficiencies and deliver growth. To tap into these opportunities, businesses can no longer rely on traditional operations and supply chain execution systems. The bold new world of big data demands advanced analytics that can turn this information into a strategic asset and enable meaningful decision-making.
It is estimated that a mere 10% increase in data accessibility can increase the bottom-line by $65 million for a typical Fortune 1000 company. How are businesses, particularly in India, geared to tap into this intelligence and turn it into an opportunity?
While advanced analytics is clearly the way ahead, emerging technologies that can track tens of billions of items lying around fulfillment centres across the globe can make a real difference in making businesses more agile. From cutting costs to reducing production errors and enhancing customer service, technology is providing a spate of supply chain benefits to companies across all industries. The integration of new technologies and analytics will define the new age of Supply-Chain Transformation.
The Operations Conclave aims to bring out how companies are reorganising themselves to align with the emerging technologies and leverage the never-ending flow of data in order to maintain competitive advantage.
To know more about the Operations Conclave 2016, please click here