Design Con 2015

Big Data: Bigger Isn't Always Better

NO RATINGS
View comments: newest first | oldest first | threaded
nimantha.d
User Rank
Supply Network Guru
Re: Bandwagons
nimantha.d   3/31/2014 12:25:21 AM
NO RATINGS

I think I have some. Il post them in the next few days

Hailey Lynne McKeefry
User Rank
Blogger
Re: Big insight.. Not yet?
Hailey Lynne McKeefry   3/30/2014 6:40:06 PM
NO RATINGS

@Himanshugupta, over and above not having a dedicated analytics team, finding and hiring folks with the right talents and skills is incredibly challenging. Big organizations are scooping these people up with big salaries and later that will translate into trained people being in the market for a new job. here in the silicon valley we are seeing an uptick in availablility of this kind of talent. In talking with hiring organizations there are also pockets of expertise in other places in the world: england, poland, etc. But it's certainly the exception rather than the rule right now.

Hailey Lynne McKeefry
User Rank
Blogger
Re: Bandwagons
Hailey Lynne McKeefry   3/30/2014 6:37:34 PM
NO RATINGS

@all, does anyone have examples of good applications for big data for the supply chain?  Or are there plans?

Himanshugupta
User Rank
Supply Network Guru
Re: Big insight.. Not yet?
Himanshugupta   3/27/2014 1:14:34 PM
NO RATINGS

@Hospice, i think the problem is much complex. As most of companies donot have dedicated analytics team so it become impossible to upgrade the models/solutions that are provided earlier. Also right infrastructure is even bigger issue. It is easier to provide an analytical solution but much harder to actually implement it in company's IT infrastructure. So, the right talent and mature integrated solutions should also be on company's radar to be able to implement analytics/big data solutions.

Himanshugupta
User Rank
Supply Network Guru
Re: Bandwagons
Himanshugupta   3/27/2014 1:05:10 PM
NO RATINGS

@Hailey, I agree with you that organizations will need to find out what they want to know from big data instead of always looking for new learnings and surprizes. Big data is not a magic ball to know everything about future.

Hospice_Houngbo
User Rank
Supply Network Guru
Big insight.. Not yet?
Hospice_Houngbo   3/26/2014 8:34:44 PM
NO RATINGS

For the early adopters, investing in big data solutions is not a waste of money even though it is not immediately translated into business value or a competitive advantage. It is true that jumping into any kind of big data analytics solution is not the right strategy. Companies should first be able to define the right project and assess if they have the right competencies to analyze, interpret and evaluate analytics models.

Hailey Lynne McKeefry
User Rank
Blogger
Bandwagons
Hailey Lynne McKeefry   3/26/2014 8:15:08 PM
NO RATINGS

Thanks for this reminder, Frank. There's a huge temptation for organziations to jump on a technology bandwagon...especially since the leadership often comes and says "Hurry up we need to do this!"  Clearly it's better to figure out first what problem  you are trying to solve and then to take a measured approach.



More Blogs from Frank Cavallaro
Big data can untangle and integrate seemingly unrelated pieces of data to solve small but costly problems in any warehouse or distribution center.
Speedy order fulfillment comes with a host of challenges -- responding to customer demand in real-time should not be one of them.
Hackers are turning up the heat on small and midsized companies, raising the question whether there is such a thing as fool-proof protection against cybercrime.
Companies know supply chain analytics can yield great insights, but many question how to make sense of the deluge of data.
Sustainable design for warehouses and distribution centers has become the norm and one of the most effective tools to boost the bottom line.

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EBN Dialogue / LIVE CHAT
EBN Dialogue enables you to participate in live chats with notable leaders and luminaries. Open to the entire EBN community of electronics supply chain experts, these conversations see ideas shared, comments made, and questions asked and answered in real time. Listed below are upcoming and archived chats. Stay tuned and join in!
Archived Dialogues
Live Chat 11/12: Examining the Cyberthreat to Supply Chains
The number of cyberattacks is on the rise and hackers are targeting the supply chain. Drew Smith, founder and CEO of InfoArmor, will be on hand to discuss the reality of today's threat landscape and what to do about it.
Live Chat 11/06: Enterprise Risks, Intellectual Property & Supply Chains
Enterprise risk management (ERM) frameworks can be useful to identify, assess, and manage intellectual property (IP) risks that arise in supply chain compliance. We'll look at real-world examples and strategies for mitigating those risks.
Latest Poll
EBN Newswire
BANNOCKBURN, IL & WASHINGTON   12/11/2014
2014 DSW Rule Fails to Incentivize Recycling Sufficien...
Twitter Feed
EBN Online Twitter Feed