| R.E.D Talk: The Future of the Supply Chain in LA County. LAEDC. The Future of the Supply Chain in LA County: How Big Data and IoT are streamlining businesses for success. The success of a business and its supply chain is increasingly determined by the business’s ability to react quickly to market forces and make smart decisions based on hard data. That’s obvious—what’s less obvious is how to do this. For the past decade or so, large businesses have been obsessed with collecting and storing data about their customers, their own internal processes, external market information and so on. The problem is that many businesses have found themselves paralyzed by the amount of data they have collected. And, it’s not enough to simply collect data—it’s important to formulate questions the data can solve. To do that, these businesses need to invest in the analysis of data. That means hiring data scientists and investing in advanced business intelligence tools, so they can gain a competitive edge. See https://laedc.org/event/redtalksupplychain/ |
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