Big Data & Analytics can bring visibility to unseen insights and opportunities that can help you make better decisions—and lead to better innovation. The right analytics can lead a smarter enterprise to change how it operates: restructuring its supply chain to improve customer satisfaction, cut costs and increase flexibility. And sophisticated modeling and simulation can increase an enterprise’s ability to identify demand spikes, disruptions and bottlenecks before they happen.
Today, inventory management is critical, and not only for retailers. By adding customer opinions on social networks to historical demand, manufacturers and suppliers can use analytics to better manage inventory—increasing fulfillment rates and revenue by reducing surplus and expired inventory, and predicting customer orders months in advance.
Analytics in the cloud helped one healthcare company build a more efficient supply chain.
And the right Big Data & Analytics tools can help an enterprise in other ways. For a human resources team, the right analytics can help determine how teams might work well together, and can isolate problematic company policies. Analytics can also help a manager identify any hardware, asset or part that needs updating servicing or replacing before it breaks down.
An enterprise using Big Data & Analytics to find opportunities, rather than relying solely on human intuition, can now respond to its customers better than before.
Learn how IBM can help you use your data to optimize operations.