“Big data” and “data analytics” may sound like tech jargon that doesn’t have much impact on global trade. However, in today’s fast-moving trade environment it’s more important than ever for companies to have access to the most up-to-date information available.
Companies are constantly under pressure to increase profit margins, shorten order-to-delivery cycles, and boost planning efficiency. These things are all easily managed and improved with a big data solution. And it’s not just trade professionals who are utilizing these tools — customs authorities are now also using data analytics tools with increasing regularity.
Author: Mary Breede