Searching SCM World’s content library for ‘big data analytics’ turns up more than 1,200 citations. The first screen alone includes examples for spend analytics, customer service performance, manufacturing variability, logistics optimization, consumer demand forecasting and supply chain risk management. The common thread is use of a two-stage logic for systematically finding answers to complicated business Read More …
Business schools heed the call for more data-literate graduates – The Globe and Mail
“We’ve seen over the years in the MBA program the interest has changed a lot more to MBA students being interested in data-driven analytical decision making,” says Vedat Verter, an operations management professor at McGill. “They [students] were asking for courses in analytics, and to a large extent we looked at the market trends, and Read More …
Analysts, Scientists and Engineers: Who does what in data and how to tell the difference – Import.io
The popularity of data in business is rising, and with it, the abundance of data-related jobs. In any given day you might chat to the water cooler with a Data Scientist, share the lunch table with a BI Specialist or dance with a Machine Learning Specialist at the office party. With so many datas, scientists Read More …
Big data, business analytics to hit $203 billion by 2020, says IDC report – TechRepublic
A recent IDC report predicts that the big data and business analytics market will hit $203 billion by 2020, up from $130.1 billion in 2016. The growth will be led by banking, discrete manufacturing, process manufacturing, federal/central government, and professional services. More than half of the projected revenue will come from US-based companies, with larger Read More …
2016 Internet Of Things (IOT), Big Data & Business Intelligence Update
Sales and strategic planning see IoT as the most valuable today. The combined rankings of IoT as critical and very important are highest for sales, strategic planning and the Business Intelligence (BI) Competency Centers. Sales ranking IoT so highly is indicative of how a wide spectrum of companies, from start-ups to large-scale enterprises, is attempting Read More …
Millennials Infographic
One of the largest generations in history is about to move into its prime spending years. Millennials are poised to reshape the economy; their unique experiences will change the ways we buy and sell, forcing companies to examine how they do business for decades to come. Source: Millennials Infographic
Practical Career Advice and Best Practices in Analytics
Be More than an Analytics Person: Here is the surprise, if there is one. It is great to have analytical skills and many firms are desperately in need of these skills. However, firms run a business rich in operations, finance, and marketing (and other functions, too). The analytical challenges and opportunities facing a firm are Read More …