2020 The Year To Address The Elephant in Every Room – Data

ivalua

North Carolina State Poole College of Management recently produced this 28 page report entitled “ 2019 Supply Chain Data Quality and Governance Study ”. Getting Data right is an imperative. Source: 2019 Supply Chain Data Quality and Governance Study.

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8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy. The advice comes from this report: “ Gartner Supplier Master Data: Gain Control Over Your Supplier Master Data Before It’s Too Late.”

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Big Data: The Gift that Keeps on Giving

Enterra Insights

Big data seems like old news; but, it becomes more important every second of every day as humongous amounts of data are generated. Gillian Tett ( @gilliantett ) notes the word “data” comes “from the Latin verb ‘to give’, presented in the neuter past participle, which could be translated as ‘that which is given’ — or even ‘a gift’ ”[1] She believes the etymology of the word is entirely appropriate. Big data analytics.

Blockchain Makes a Strong Case for the Pharmaceutical Industry

Logistics Trends and Insights

It’s increasingly looking like a viable solution for one of the industry’s biggest problems thanks to its ability to track and trace data without it being altered. Food and Drug Administration (FDA) began accepting pilot project proposals to identify solutions for meeting the 2023 requirements of DSCSA. The proposed solution is a combination of (a) business rules and standards that govern how data is shared and (b) a blockchain-based network capable of enforcing those standards.

Trends and Predictions 2020: Information Technology

Enterra Insights

In this article, I’m equating “information” with “data.” AI is maturing because of the oceans of data available for it to analyze. AI and data are inseparable and symbiotic. Because of the massive amounts of data being generated, processing data where it is generated is becoming more useful, if not essential. Data is now considered the world’s most valuable resource.

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How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

One article explained how supply chain management was among the first business functions that got significant technological upgrades to evolve and to harness data extracted from ERP systems. Such information streamlined transactions and improved decision-making, but the ERP data did not initially permit connecting and compiling cross-functional data sources. Bringing Big Data Into the Picture. Another supply chain evolution concerned real-time data collection.

Artificial Intelligence (AI) & Machine Learning (ML) in Supply Chain Planning (Part 2 of 2)

Logility

According to a recent International Data Corporation (IDC) Digital Economy Model, by 2023 over 50% of all worldwide nominal gross domestic product will be driven by digitally transformed enterprises. Product level revenue and profit data can be incorporated to enable financial risk assessment within the expected range of supply possibilities.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8

Trends and Predictions 2020: Supply Chain

Enterra Insights

“Spurred in part by the Internet of Things, supply chains are increasingly integrating data from sensors, GPS and weather patterns to see events and witness scenarios as they occur. Automated Analysis : “By the end of 2020, half of all large manufacturers will have automated supplier and spend data analysis, resulting in a 15% procurement productivity gain.” Greeting the new year is like walking into a dimly lit room from the bright sunlight.

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Trends and Predictions 2020: Technology

Enterra Insights

Even though transparency and traceability are improving, Eide notes, “With all the advancements in technology, a trust crisis is on the horizon — industry can blame unauditable AI, fake news and unauthorized data harvesting, among other concerns.” Everyone is aware oceans of data are being generated every day. Processing all that data centrally has become a challenge. As a result, more efforts are being made to process data where it is being creating (i.e.,

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Four Ways Blockchain Will Transform Supply Chain…and Beyond

ToolsGroup

Public ledgers dating to the Italian Renaissance may help us see the potential of today’s blockchain technology for data accessibility. . It’s an interesting parallel: the (financial) ledger, the technology at the heart of economic development during the Golden Century–which also financed the Spanish explorations of the Americas–helps us understand the vast potential of today’s public (data) ledger technology for data accessibility.

A New Technology Superpower: AIoT-The Convergence of AI and IoT

DELMIA Quintiq

The ability to capture large amounts of data has exploded in the last 3-5 years. Large volumes of user data and company proprietary information are tempting targets for dark web hackers and even government entities around the world. This now means that infinitely more data can be collected from every process or transaction in real-time. Any device with a chipset has the potential to be connected to a network and begin streaming large swaths of data 24/7. By 2023.

Applying Blockchain in Logistics & Supply Chain Management: 5 Reasons Why Supply Chain Execs Need to Know More

Cerasis

Intermediaries may include financial experts, data analysts, freight auditors, and more. In general, today’s supply chain executives and managers continue using outdated, manual data entry processes, which will increase risk. Even in blockchain, errors in data entry will result in continuous compounding negative effects and incorrect supply chain analytics insight.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Logistics

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” As technology, predictive analytics, and artificial intelligence rapidly advance, we are leveraging our global network of 1,000 data scientists, engineers, and developers to build solutions that increase our customers’ efficiency, visibility, and reliability.

Multiple Constraints of Route Planning in ASEAN

Abivin

According to SpirE-Journal 2016 Q4 - Spire’s Asia Market Research, ASEAN trade volume is expected to increase by 130% and will be valued at $5,653 billion by 2023. per annum from 2012 to 2023. They proceed their data in Excel, some even manage their data system using paperwork.

Cognitive Technologies are Paving Stones on the Digital Path to Purchase

Enterra Insights

retail sales will be digitally impacted by 2023, meaning those sales either will occur online or may occur in-store but be influenced by digital technologies.”[1] The digital age is all about data and, to make sense of data, you need cognitive technologies. At its lowest common denominator, AI enables brands to better synthesize mounds of data and incorporate those learnings to improve the commerce experience.

Disrupting Logistics: 4 Innovative Blockchain Startups to Watch in 2018

Techgistics

trillion in 2023. Currently, supply chain data is fragmented and spread across many parties which makes traceability very difficult beyond one step backwards or forwards at any point in the supply chain. to exchange relevant data in a secure way, protect their brands, and reduce inefficiencies. Source: The Daily Dot. The global logistics market is predicted to reach US 15.5

The Transformative Tech Your Supermarket Can’t Afford to Ignore

Repl Group

to £218 billion by 2023, securing your slice of the supermarket pie has never been more important. billion by 2023, an increase of over 52%. For example, modern mobile workforce management software can put unprecedented amounts of data in the palm of your hand. Machine learning can use this data to decide what is most important to your business, passing that crucial knowledge on to you. It’s hungry for data: the more it collects, the more powerful it becomes.

Surviving the Retail Apocalypse

Enterra Insights

He explains, “Several studies have shown that Artificial Intelligence (AI) can sift through data quickly. retail sales will be digitally impacted by 2023, meaning those sales either will occur online or may occur in-store but be influenced by digital technologies.”[7] Second, retailers need to leverage the data being created by digital sales.

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Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Transportfolio

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” As technology, predictive analytics, and artificial intelligence rapidly advance, we are leveraging our global network of 1,000 data scientists, engineers, and developers to build solutions that increase our customers’ efficiency, visibility, and reliability.

New Automotive Technologies Threat Your Long-Term Visibility

DynaSys

To go even further, the top 12 OEMs will launch 182 new electric vehicles nameplates by 2023. sales, marketing, finances, supply chain) Access to historical decision making data Turn a global plan into local plans Show the impact on operational and financial planning Provide the final consensus stakeholders plan to ERP for forecasting and production planning. The automotive industry is evolving.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

TMC

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” As technology, predictive analytics, and artificial intelligence rapidly advance, we are leveraging our global network of 1,000 data scientists, engineers, and developers to build solutions that increase our customers’ efficiency, visibility, and reliability.

Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

billion USD by 2023. Auditability – provide full audit trail of data within the supply chain. Smart Contracts – real-time tracking of data. Everybody is talking about blockchain these days, some are even referring to it as the next disruptive technology that will change the retail industry. The impact of blockchain on the financial services is well known. The use of cryptocurrencies has dominated the news even though many don’t understand the technology behind it.

Confused About What to Do? Try Prescriptive Analytics.

Enterra Insights

Those tools became possible with the creation of large datasets (aka big data) and the maturation of artificial intelligence (AI). This is why the Big Data space is set to reach over $273 Billion by 2023 and companies like Microsoft, Amazon and Google among so many others are so heavily invested in not only collecting data, but enabling data for the enterprise. What you want from your data determines which kind of analytics you need to apply.

How AI & Machine Learning Will Transform Supply Chain Management Through Software-Driven Automation

Accelogix

We are not incapable of writing the algorithms, but rather there is often insufficient data to derive statistically significant insights that drive automated action, or incomplete system integration needed to capture accurate and timely data about each step of an operation’s workflow. While we do need to enforce strict privacy and data usage protections, these advances will make our supply chains more efficient, which will eventually increase standard of living for everyone.

The Internet of Things and the Retail Industry

C3 Solutions

They are connected electronically via sensors that collect data like location, motion, temperature, light levels and so on. The communication is two-way, meaning IoT-enabled devices monitor their environment, collect and send data and can receive instructions and take action based on the information they collect and receive. Likewise, the cost of data transfer dropped from $0.47 Using a combination of the chip data, overhead traf?c million in 2023.

Trends and Predictions 2020: Blockchain

Enterra Insights

”[2] Panetta reports, “Gartner predicts blockchain will be fully scalable by 2023.” … The International Data Corporation (IDC) is expecting that 20 percent of IoT deployments will enable blockchain services by 2020.” One of the most hyped cutting-edge technologies is blockchain (aka distributed ledger) technology.

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

during 2018-2023, reaching a value of US$ 1,374 Billion by 2023. Implementing technologies like IoT, data analytics, sensors and robotics is changing the complete roadmap of logistics. With digitalisation, the process is more streamlined with customers receiving real-time data with respect to available containers, rates, etc. IT helps to gather data about the cargo and push it automatically to the platform. Thus avoiding duplicate data capture in disconnected systems.

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Trends 2020: An Overview

Enterra Insights

Jason Mander ( @thejasonmander ), Chief Research Officer at GlobalWebIndex, observes, “Like the world at large, data can seem intimidating and indecipherable. For example, Gartner analysts predict, “By 2023, the number of people with disabilities employed will triple due to AI and emerging technologies, reducing barriers to access.”[2] The value of data is growing. According to The Economist , “The world’s most valuable resource is no longer oil, but data.

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Food Industry Delivery Trends!

Supply Chain Game Changer

Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 – 40% of total restaurant sales. Some restaurants balance this by using food delivery management software that gives them visibility and control over their delivery operations and KPIs, even for data that originated with third parties. Tracking Delivery Data. Subscribe Here! Email Address.

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Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

billion USD by 2023. Auditability – provide full audit trail of data within the supply chain. Smart Contracts – real-time tracking of data. Everybody is talking about blockchain these days, some are even referring to it as the next disruptive technology that will change the retail industry. The impact of blockchain on the financial services is well known. The use of cryptocurrencies has dominated the news even though many don’t understand the technology behind it.

Blockchain in the Supply Chain is Only a Few Links Long

Enterra Insights

Manufacturers may ship their products across the globe, but they lack key data about shipment location and status as packages move from sea port to port. She writes, “Connected devices can’t help an industry whose data is largely paper based. A blockchain is a distributed ledger that can track a variety of transactions, encrypt the associated data, and also make that data accessible from anywhere.

Trends 2019: Business Technology

Enterra Insights

Tangible efforts, such as shifting customers to lower-cost digital channels, launching digital products, monetizing data assets, and automating processes to improve margins, will come to the fore.”[2] Those sensors generate enormous amounts of data transmitted through machine-to-machine networks (i.e., It will offer lower lag times when transferring data.”[5] Distributed ledgers are touted as a secure way to exchange data and garner trust.

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10 Ways IoT Can Improve Supply Chains

IQMS

By 2023, blockchain will support the global movement and tracking of $2T of goods and services annually based on a recent Gartner. The asset, for example, a vehicle or spare part, sends performance data and events directly to its digital twin, even as it moves from the hands of the manufacturer to the dealer and ultimately the new owner.

How Blockchain Can Improve Manufacturing In 2019

IQMS

By 2023, 30% of manufacturing companies with more than $5B in revenue will have implemented Industry 4.0 In highly regulated industries including Aerospace & Defense (A&D), Consumer Packaged Goods (CPG), medical devices, and pharma, combining IoT and blockchain provides real-time data on the shipping container conditions, tamper-proof storage, each shipment’s locational history and if there have been changes in temperature and product condition.