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SCA Assignment 1

This document discusses supply chain analytics and the evolution from Analytics 1.0 to Analytics 3.0. Analytics 1.0 used data warehouses and descriptive analysis of small, structured data. Analytics 2.0 leveraged big data from both internal and external sources using agile methods, machine learning, and NoSQL databases. Analytics 3.0 utilizes a hybrid data environment and couples in-database and in-memory analysis with agile methods and machine learning on both structured and unstructured big data. To capitalize on Analytics 3.0, companies must develop an analytics culture, invest in big data technology, and recruit and leverage analytical talent focused on business questions.

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Balaji Rajendran
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93 views2 pages

SCA Assignment 1

This document discusses supply chain analytics and the evolution from Analytics 1.0 to Analytics 3.0. Analytics 1.0 used data warehouses and descriptive analysis of small, structured data. Analytics 2.0 leveraged big data from both internal and external sources using agile methods, machine learning, and NoSQL databases. Analytics 3.0 utilizes a hybrid data environment and couples in-database and in-memory analysis with agile methods and machine learning on both structured and unstructured big data. To capitalize on Analytics 3.0, companies must develop an analytics culture, invest in big data technology, and recruit and leverage analytical talent focused on business questions.

Uploaded by

Balaji Rajendran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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SUPPLY CHAIN ANALYTICS

S Sundarachozhan
33113
Assignment – I
Analytics 1.0 Analytics 2.0 Analytics 3.0
Basis of Analysis Data warehouses Hadoop Clusters &NoSQL Hybrid data environment
databases (includes data warehouse,
database and big data
appliances)
Methods of Analysis Descriptive analysis Agile analytical methods In-database and in-
and Machine learning memory are coupled with
techniques agile analytical methods
and machine learning
techniques
Data size & Type Small and structured Big, structured & Big, structured &
unstructured unstructured
Source Internal (transaction system Internal and Internal and
data like sales, production External(internet, sensors, External(internet, sensors,
etc.) audio and video audio and video
recordings) recordings)

Capitalizing on Analytics 3.0


• Develop the analytics culture necessary to enter the Analytics 3.0 world. This means a company must align analytics
with strategic priorities, insure leadership is championing analytics and leading by example, and creating a Chief
Analytics Officer (or equivalent role) to oversee the strategic deployment of analytics.
• Invest in the technology needed to manage big data and provide insights quickly.
• Recruit, retain and effectively leverage analytical talent. Insure that analytics groups are aligned with the business
and focusing on critical business questions.

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