VELOCITY     Accelerating Your Supply Chain Success
The leader in global supply chain solutions

What Role Will Big-Data Play in Electronics?

View comments: newest first | oldest first | threaded
<< First   < Prev   Page 2 of 2
Bolaji Ojo
User Rank
Re: big data
Bolaji Ojo   1/24/2013 5:04:40 PM

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.

User Rank
Supply Network Guru
big data
Ariella   1/24/2013 1:50:25 PM

@Barbara at best, big data can lead to more accurate predictions because more information is taken into account. But even an 85% rate of accuracy -- which is considered excellent -- is not a 100%. One can be right about everything, but with one key aspect missing, the whole puzzle is not complete, and the predictions will be off. But big data is likely going to play larger and larger roles in business decisions in future, as it becomes more common and more affordable to implement.

<< First   < Prev   Page 2 of 2

More Blogs from Barbara Jorgensen
Electronics makers are looking to leverage the advantages of big-data in forecasting and demand planning. How successful will they be?
Like other catalogue distributors, Allied is moving beyond the catalogue model and taking the "multichannel" approach to distribution.
Manufacturers use software and data for varied purposes in supply chain management, but key goals such as visibility remain paramount.
Gartner envisions a world where tablets become the personal device of choice and PCs become a shared resource.
Latest Poll
The Velocity Report Archive
Click here to see our newsletter archive.
EBN Newswire
Twitter Feed
EBN Online Twitter Feed