Over the last year, perhaps unsurprisingly, increasing numbers of companies have made the jump to the cloud. It’s become a necessary move for so many businesses. But, as I discussed with Joe DosSantos on the latest episode of Data Brilliant – the rewards are abundant, but the journey is not always straight forward.
The manufacturing industry, like any other industry, is not immune to data challenges. Sourcing data, wrangling it and ensuring it’s being used in a governed, standardized way are not uncommon problems. Particularly in manufacturing, issues surface with inventory management, within the supply chain and with logistics.
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We all know data is the new oil. Both data and oil are valuable resources and share a common quality; if unprocessed they cannot be used. Data and oil have to be broken down and built up again to create true value for the business. There is, however, one key difference. Whereas oil is tangible, data is not. This means that the flow of low-quality oil is traceable and will be noticed in the production process. But, what happens if there is a bad data flow in your organization?
The story of the last year+ is one of disruption and change across every aspect of our lives. As we all navigated a ‘new norm,’ businesses naturally had to pivot as well, with some sectors finding new opportunities while others scrambled to reimagine their entire go-to-market strategies.