Leveraging Big Data to Optimize Supply Chain

As early as 2003, Walmart introduced RFID tags into their supply chain, which improved the process efficiency, causing a revenue increase from $1 million to $20 million. Amazon is likely to leverage drones while there are companies considering driverless vehicles to improve their supply chain processes.

What these developments have in common at the bottom line is that the systems generate massive amounts of data, which organizations cannot discard. In the wake of massive volumes of data from systems such as IoT, drones, and driverless vehicles—that are a part of the supply chain today—reaching data lakes, it has never been more important to “clean” the data for analytics so as to enhance decision-making.



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