THE PREDICTIVE ENTERPRISE: WHERE DATA SCIENCE MEETS SUPPLY CHAIN
Companies are no longer restricted to running their business by ‘looking in the rearview mirror’ – i.e. managing based on information that is weeks or months old. Thanks to new technologies – combined with new management science – organisations are starting to anticipate and even predict the future, to get ahead of their business and direct their global operations accordingly.
Data mining, pattern recognition, business analytics, business intelligence – along with other tools – are coalescing into an emerging field of supply chain data science that has the potential to drive this evolution. These new intelligent analytic capabilities are changing supply chains – from reactive operations, to proactive and ultimately predictive operating models. The implications extend far beyond just reinventing the supply chain. They will help map the blueprint for the next-generation global company – the insight-driven predictive enterprise.
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