Whether or not they are in a part of the country that is slowly opening back up and resuming day-to-day activities, everyone is grappling with the adoption of a “new normal” post COVID-19. That applies to most industries as well.
Though supermarket shelves are better stocked and it appears the supply chain is recovering, it is possible the global supply chain will never look the same. Here are some changes that have already been put in place, as well as more changes that are on the way. (more…)
With some states lifting stay-at-home orders and allowing certain businesses to reopen, focus has shifted to the supply chain. What will be available and what will be missing because of disruptions caused by the COVID-19 pandemic?
The meat processing industry has been one of the industries most affected by the coronavirus. In a late-April full-page ad in the New York Times, the chairman of Tyson Foods Inc. warned that the United States “food supply is breaking” due to plant closures. That same week, President Trump declared meat processing plants “critical infrastructure.” But it will take more than that government order for the industry to stay ahead of demand. (more…)
FREJA’s story might sound familiar to any number of organizations in any number of industries: for a long time, the company had a business intelligence solution in place, but it wasn’t using it to its full potential. When FREJA took steps to develop a clearer business intelligence strategy, the benefits of Dimensional Insight Platform with Measure Factory became increasingly clear to many of its employees.
FREJA is a privately-owned transportation company specializing in road transport, but offering sea and air freight as well. The company owns 2,600 trailers and handles two million shipments a year with the trailers driving 270 direct routes every day or every other day. Here’s a look at how it’s using analytics and the power of Measure Factory in its business. (more…)
In the best of times, a disruption to the supply chain can cost an organization valuable time and money. In the current climate, the repercussions are not only clear to the organization, but also to people who may have never heard the term “supply chain” before.
The sight of empty shelves where common items like toilet paper are usually stocked, or news video showing a shortage of medical supplies makes everyone aware of what is and what is not available because of the COVID-19 pandemic. Some companies took steps after previous supply chain disruptions to prepare themselves for a situation like this. Others were not so prescient. Here’s a look at both sides of that coin, and how everyone can prepare themselves for the next major disruption.
Every business organization, regardless of its size, commercial sector, or number of employees, can benefit from properly organized and coordinated data. It’s no secret that access to reliable data can be leveraged to improve efficiency, simplify the decision-making process, and identify obstacles that are getting in the way of success.
However, not every company has a single, unified data tool that can organize and analyze data. According to the tenth anniversary edition of Dresner Advisory Services’ Wisdom of Crowds® Business Intelligence Market Study, more than half of the businesses surveyed expressed their intention to raise their business intelligence budgets in 2020.
Adopting a holistic data management tool can dramatically improve a company’s performance, but only if it is implemented in the right way. In her recent white paper for Dimensional Insight, Jennifer Bresnick explores four of the major challenges that companies usually face when it comes to business intelligence, and how best to overcome them. (more…)
A common theme for organizations that successfully use data is the fact that everyone in the organization is on board with the approach to data. This can be difficult when faced with employees who might be set in their ways or who think they don’t have a handle on the data.
But if your organization is committed to using analytics, these are hurdles that need to be overcome. Here are five ways that you can improve data literacy in your organization. (more…)
With the nation’s healthcare spending projected to top $6 trillion by 2027, regulators and payers are turning to value-based care strategies to curb unnecessary costs while nudging the United States up the list of countries with high-quality patient outcomes.
Value-based care models require healthcare providers to take accountability for the spending and outcomes of a defined population of attributed beneficiaries. Participants must meet challenging financial and clinical targets in order to gain incentives or avoid negative payment adjustments.
The rapid adoption of value-based care models has put pressure on healthcare organizations to enhance their visibility into the challenges and utilization patterns of their attributed populations in order to stay ahead of avoidable spending.
For that, they need data analytics. (more…)
If you go to Napa Valley’s Vineyard 29 and walk around the crops, the grapes almost look like they’re in bandages. But the bandage is actually a water-measuring device that sends the results to a computer. The data helps take the guesswork out of assessing whether the grapes are healthy. It makes the wine better and helps produce stronger vintages.
Winemakers are collecting as much data as they can to help create better production. The processes include drones flying in the sky to measure reflectance rates and software to measure the control tanks connected to those water-measuring bandages. (more…)
3D printing has become a hot topic in recent years, and is being used in a variety of industries such as healthcare, engineering, architecture, and more. However, there is one key tool that 3D printing relies on that could make or break its future: big data.
Without the existence of this advanced data, some of the functions used in 3D printing would not be possible. But how do big data and 3D printing work together? Let’s examine. (more…)
Many economists say we are overdue for a recession. Despite a low unemployment rate and the economy’s longest expansion on record in the United States, experts in America and the World Bank point to trade wars and other globally financially risky situations as reasons for a dim forecast.
Analytics may not be able to tell you exactly when the economy might shift. However, data can certainly help an organization mitigate the impact of a recession by giving you the right information to better target the right market, save money, and increase profits. (more…)