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10 Examples of How Big Data in Logistics Can Transform The Supply Chain

datapine

Where is all of that data going to come from? 2) Reliability is more transparent As sensors become more prevalent in transportation vehicles, shipping, and throughout the supply chain, they can provide data enabling greater transparency than has ever been possible.

Big Data 275
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Minimizing Supply Chain Disruptions with Advanced Analytics

Cloudera

In summary, predicting future supply chain demands using last year’s data, just doesn’t work. Accurate demand forecasting can’t rely upon last year’s data based upon dated consumer preferences, lifestyle and demand patterns that just don’t exist today – the world has changed.

Analytics 109
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The Impact of Healthcare BI Tools on Decision-Making and Patient Care

FineReport

Healthcare data governance plays a pivotal role in ensuring the secure handling of patient data while complying with stringent regulations. The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance.

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What is Data Visualization: Complete Guide 2024

FineReport

Identification of Patterns : Visual data enables viewers to identify patterns, trends, and outliers within datasets with greater clarity. Informed Strategic Planning : The influence of visual data on decision-making is evident in its role in informing strategic planning initiatives.

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Smart manufacturing technology is transforming mass production

IBM Big Data Hub

In smart factories, IIoT devices are used to enhance machine vision, track inventory levels and analyze data to optimize the mass production process. Artificial intelligence (AI) One of the most significant benefits of AI technology in smart manufacturing is its ability to conduct real-time data analysis efficiently.

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How OLAP and AI can enable better business

IBM Big Data Hub

Initially, they were designed for handling large volumes of multidimensional data, enabling businesses to perform complex analytical tasks, such as drill-down , roll-up and slice-and-dice. Early OLAP systems were separate, specialized databases with unique data storage structures and query languages.

OLAP 64
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The Gartner 2021 Leadership Vision for Data & Analytics Leaders Webinar Q&A

Andrew White

But we also know not all data is equal, and not all data is equally valuable. Some data is more a risk than valuable. Additionally, the value of data may change, and our own personal judgement of the the same data and its value may differ. Risk Management (most likely within context of governance).