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Betting on Analytics as Supply Chain's Next Big Thing

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Tholdis
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Stock Keeper
Re: Accuracy of data
Tholdis   7/1/2019 2:53:32 PM
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There are many ways to rush into betting, you know. And a separate stage includes itself analytics, which I test for https://bettingsiteskenya.co.ke/betpawa/. For me, this is a whole science and I would advise all beginners to gradually analyze and train.

tech4people
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Supply Network Guru
Re: Accuracy of data
tech4people   5/22/2013 3:14:49 PM
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Electric,

Yes that would be reasonably accurate.

However,Don't you feel that even those self-learning Tools need lot of Guided Instructions(from Humans) even today?

Its not like you can just teach them stuff once and then leave them alone.

I am speaking from my Experience in the Financial markets where these Tools have found widespread acceptance  with often destructive consequences.

You can very easily put me in the Sceptics Category here!

Regards

Ashish.

TaimoorZ
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Supply Network Guru
Re: Accuracy of data
TaimoorZ   5/22/2013 3:08:06 PM
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"The question is how can one apply a sanity check that would hold up as objective?"

@Ariella: There are no clear-cut rules for it and that's why the logic for this can't be built into the software. I think the ability comes partly from experience and partly from intuition.


tech4people
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Supply Network Guru
Re: Accuracy of data
tech4people   5/22/2013 3:04:24 PM
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Taimoor,

Very,Very well said!

Any Company which relies blindly on Analytics Software without having someone Human at the Back-end to understand and appreciate the Output it generates deserves to lose its Shirt(in Business).

Beyond Silly Decision that would be for sure!

You can't discount the Human Influence factor here.

Not at all!

Ariella
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Supply Network Guru
Re: Accuracy of data
Ariella   5/22/2013 2:13:33 PM
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@TaimoorZ I wouldn't argue with that. It makes perfect sense. The question is how can one apply a sanity check that would hold up as objective?

TaimoorZ
User Rank
Supply Network Guru
Re: Accuracy of data
TaimoorZ   5/22/2013 2:00:37 PM
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"Do you imply from this that there are unpredictable aspects which make analytics not altogether accurate at predicting directions for the supply chain?"

@Ariella: The analytics tool will give you predictions for future based on its capabilities but there has to be some level of human involvement to give the predictions a sanity check. You cannot blindly trust the predictions no matter how sophisticated the analytics tool is.


Colman
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Stock Keeper
Analytics: only as good as the (timely) data it sit on
Colman   5/10/2013 9:51:37 AM
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Analytics is only as good as the data it examines.  That data must be timely, accurate and objective in nature - local subjectivity based on cultural, language or other differences can radically change perspectives.   For anyone with an extendedsupply chain, that means getting the data that you want from the earliest part of the supply chain - before it enters a container in any part of the globe.  

For lots of reasons, its not practical to extend ERPs into suppliers (or into their suppliers).  New tablet-based, cloud-based tools help both companies and their suppliers reduce total costs by having relevant, accurate and timely data, and the analytics to go with it.  

nimantha.d
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Supply Network Guru
Re: Betting on Analytics as Supply Chain's Next Big Thing
nimantha.d   5/7/2013 11:55:53 AM
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@Ariella: Plus the right person who has  sound knowledge on it to operate and get the right output out of the tool.     


Ariella
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Supply Network Guru
Re: Accuracy of data
Ariella   5/6/2013 10:12:47 AM
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@TaimoorZ you say, "The human element will always be there because of the dynamic nature of the supply chain," which is, undoubtedly, true. Do you imply from this that there are unpredictable aspects which make analytics not altogether accurate at predicting directions for the supply chain?

Greg Riemer
User Rank
Stock Keeper
Betting on Analytics as Supply Chain's Next Big Thing
Greg Riemer   5/6/2013 10:09:46 AM
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Nice blog, I think there are some really great points throughout the post, people want to have real time analytics to help them make better decisions. The key is to have accurate information from everyone and to make sure all your systems are integrated. Global suppliers and global expansion has many advantages but one challenge certainly is system integration. Without taking the prober steps it doesn't matter how much you want to have supply chain analytic tools you can't get it if you aren't connected.

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