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What Would Big Data Analytics Mean For Your SMB?Software & IT
What does big data mean for business?
Not to be confused with large amounts of data, big data is a technology solution used to handle and process large amounts of data. In many ways, big data analytics is geared towards SMBs because they tend to be more agile, quickly reacting to data-driven insights.
With the ever-increasing pressure to reduce costs, supply chain management relies heavily on big data analytics to drive competitive advantages in the market. Find out how this technology is helping to transform supply chains in areas such as demand sensing/forecasting, spend analytics, inventory optimisation, transportation route optimisation, and production scheduling.
Is your business ready to use big data analytics?
The UK Government’s Department for Business, Energy and Industrial Strategy reported that in 2016, there were 5.5 million businesses in the UK and over 99% of businesses were small or medium sized businesses – employing 0-249 people. For many of these businesses, no matter whatRead the article