6 Ways Big Data is enhancing the global supply chain

As global supply chains become more complex and customers more demanding, the race is on to develop software applications that can effectively manage and make sense of the zettabytes of data being generated by our digital world.

By ·

Defined as the massive volume of structured and unstructured data that can’t possibly be processed using traditional software or database strategies, Big Data is affecting every corner of the business world. It’s no surprise, really, seeing that more data has been created in the past two years than in the entire history of the human race. By 2020, roughly 1.7 megabytes of new information will be created for every second for every human being and, at that point, the digital universe will be 44 zettabytes strong (up from a current 4.4 zettabytes).

As supply chain managers scramble to wrap their arms around the reams of information now at their fingertips, a growing number of software providers are making the task more manageable and useful. In other words, simply having the data at your avail isn’t enough; it’s about taking that information and transforming it into actionable insights that help drive operational efficiencies across the supply chain.

“Supply chains are more complex than ever, and with these complexities come many challenges,” says Shannon Vaillancourt, president at RateLinx. “Big Data allows companies to diagnose the issue so they truly understand what is causing it.” Of course, capturing the data and then using it to make good decisions are two entirely different things. To help fill that “gap,” Vaillancourt says software developers are focusing on the 5 Vs of Big Data: variety, velocity, veracity, volume and value.

Vaillancourt says the final “v” is extremely important and often overlooked. “Companies need to be looking for software that turns all of their data into value—or, actionable,” he points out. “Actionable data is created through analytics; it’s the analytics that tells the user what to do, and ultimately what action to take.”


About the Author

Bridget McCrea, Editor
Bridget McCrea is a Contributing Editor for Logistics Management based in Clearwater, Fla. She has covered the transportation and supply chain space since 1996, and has covered all aspects of the industry for Logistics Management and Supply Chain Management Review. She can be reached at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Big Data · Cloud Technology · SAP · All Topics
Latest Whitepaper
eBook: Why Multi-Tier Supplier Collaboration is More Important Now
Explore the benefits of supplier collaboration including sharing demand forecasts, faster reactions to demand or capacity changes and well-coordinated product launches.
Download Today!
From the September 2017 Logistics Management Magazine Issue
While Amazon’s recent bid to purchase Whole Foods made mainstream headlines, the e-commerce giant will still need to adhere to time-tested realities. Any way you slice it, the integrated U.S. cold chain requires optimized service from existing ports, 3PLs, cold storage warehousing, transportation providers and high-value vendors.
Improving 3PL Management: Glanbia Adds Muscle to Logistics
Why Retail Supply Chain Transformations Fail - and how to get it right
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...

2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...