Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post from Elemica’s blog discusses “how to avoid information overload and build a strong basis for actionable supply chain visibility with data.”
In the digital age, data abounds – to the tune of roughly 44 zettabytes. (For a sense of scale, just add 21 zeroes to 44). That data can tell you a lot about what’s going on in your supply chain– or it can tank your digital transformation efforts. Ernst and Young refers to this as the “data-growth trap,” in which the (mis)management of extreme volumes of data created by supply chains results in increased costs, compliance risks – and poor insights.
Without the right tools, too much data can obscure useful information or lead your teams to the wrong conclusions.