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What Role Will Big-Data Play in Electronics?

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Douglas Alexander
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Re:
Douglas Alexander   1/29/2013 3:13:32 PM
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@Prabhakar... I agree. The balance between co-operation and competition is a bit of a sticky wicket. I think given the choice, most companies will go with competition. However, there are experiments called Living Labs underway that bring not just the supply chain partners into sharing activities, but also the government wherby container information is accessed by the government participants to allow for trusted companies and those in the authorized supply chain to be bypassed for detailed inspections and therefore port of entry delays. The other thing that comes to mind is that BIG Data may be too big to examine in a timely manner. The dynamics of the supply chain change several times a day. The term VACU - Volitility, Ambiguity, Complexity, and Uncertainty seems to be the constant forces mitigating against a smooth, completely informed supply chain.

TaimoorZ
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Cost of Big Data Systems
TaimoorZ   1/28/2013 7:40:51 AM
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Barbara, do you have any idea about the cost of these Big Data Systems that electronic companies can use? Is the cost low enough for medium and low level companies to afford these? I think the cloud will also have an impact in cutting down the cost besides giving more flexibility.

TaimoorZ
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Re: big data
TaimoorZ   1/28/2013 7:39:30 AM
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"Inaccurate forecasting is a big problem in the electronics industry. Big Data analysis can help but often the issue is really bad data and not insufficient information."

@Bolaji: I agree. Forecasting with the help of Big Data is certainly an important benefit. Already, as you said, the electronic industry is plagued with the problem of inaccurate demand prediction. Using Big Data to analyze trends and integrate it with other factors can help in better forecasting.

TaimoorZ
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Re: What Role Will Big-Data Play in Electronics?
TaimoorZ   1/28/2013 7:37:04 AM
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I think Big Data will impact the electronics industry just like every other industry. However, what makes the electronic industry a special case is that there's more data available related to purchase of electronic products than in other industry. For instance, companies like HP and Dell are able to uniquely identify who purchases their products and they know their consumers better compared to companies like P&G which sell to the masses and are not able to identify their customers uniquely.

SP
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What Role Will Big-Data Play in Electronics?
SP   1/28/2013 3:57:50 AM
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Big data will play a very big role in shaping electronics industry future. We must first deside what data to keep and what can be left away with. I guess electronics will also play a big role in how big data can be managed.

t.alex
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Re: big data
t.alex   1/27/2013 9:17:12 PM
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The use of cloud-based software is very important to analyze big-data. Firstly, it has the capability to sufficiently link all the relevant components together, for example among company apartments or between companies. Secondly, it should be designed to provide various insights into the data. Some employees need to have detailed view of the data such as how much inventory left for a specific product. And at the same time, management of the company can also view at the macro level, for example what is the inventory trend for the past 1 year of this specific product. Oftentimes, I see management make decision based on some powerpoint or excel chart, and typically this chart is manually built in just 1-2 day based on some data people can grab within this short time frame. Management should as well have instant and real-time macro-view for better decision making, not waiting till the end of the quarter for some reports.

Himanshugupta
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Re: big data
Himanshugupta   1/26/2013 2:34:18 PM
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Analysis of large amount of data and come up with useful recommendations is a huge task. I do not think that traditional sofware or techniques are enough to handle this. This is kind of good news for electronics as we will need probably specilized gadgets on which specialized sofwares can run and give useful information on big data.

pocharle
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pocharle   1/26/2013 11:51:09 AM
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That might not necessarily be the case. We can share huge amounts of data and interpret it in different ways.

_hm
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Re: big data
_hm   1/26/2013 8:00:01 AM
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Big data is good for prediction. But alongwith this, at top management, one needs to have quintessence foresight and lots of common sense to probe the pulse of market. If not this, all organaization will act alike.

prabhakar_deosthali
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prabhakar_deosthali   1/25/2013 1:04:44 AM
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I think one of the problems that sharing of all information by every partner in a supply chain in the Big_Data scenario, is that the partners will have the fear of their data being used their competitors and vice-versa and hence may not share the sensitive data on the B.D. platform.

Also taking the services of the Analytics service providers may be a costly affair for medium and small supply chain chain partners .

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