Our year in review on the types of analytics and how they have evolved in the market brings to mind the classic song, Let’s Call the Whole Thing Off. It’s a good-natured battle about the pronunciation of the words Potato and Tomato. When it comes to classifying advanced analytics our clients seem to think of predictive analytics as simply a different way of saying prescriptive analytics. But in reality the two are much different when it comes to solving crucial business and supply chain problems.Read More
A River Logic customer was unable to meet demand for their most profitable product because they were working with constrained capacity. They had no visibility into their supply chain planning trade-offs, were wrangling 20+ spreadsheets to create plans, and missing out on major profit opportunities. Since adopting River Logic, hundreds of thousands in cost savings per week have been uncovered.
Transformational technology is in a battle — and it has been for quite some time. New vendors are constantly popping up that offer innovative, advanced analytics solutions that, while less well known, are true value drivers. But companies can’t seem to break up with their long-term IT project implementations, hence the struggle.Read More
Growing up in a small oilfield town, we didn’t have a McDonald’s; we had Joy’s Grill. Joy, the owner, and his wife, Wanda, ran a straightforward automated operation in their diner with one row of booths and a counter open to the grill. She took the orders and yelled out “mash one,” which queued Joy to throw another patty on the grill. He finished the order, Wanda served, and whoever had a free hand, rang up the checks at the register.Read More
In the movement to digitize the enterprise and connect all things IoT and more, a former supply chain buzzword has re-emerged with more momentum than ever… and confusion! The supply chain term “control tower” is used many ways, causing some vendors to meld its point solutions into a new layer of technology and tout a beacon of insights across the supply chain with promises to include:Read More
Feeling and logic. Throughout corporate history, these primary behaviors have been respectively assigned to women and men, although we know these labels aren’t always accurate. Take Steve Jobs. Most would probably remember him as a feeling kind of person, whereas, Meg Whitman may be viewed as a person of logic.Read More
Remember dissecting a frog in middle school? The point of the project was to learn about the internal workings of the amphibian’s organs and get a better picture of ecology as a whole. However, the smell of formaldehyde often made it difficult to think about the purpose. Instead, the tendency was to finish the task at hand — one that usually involved a knife-happy partner paired with a squeamish one who documented results with eyes half-shut.Read More
“The bittersweet pain amongst men is having knowledge with no power.”
In the film Justice League, Lex Luthor makes this poignant statement to a crowd that includes Batman and Superman. If only he had known that corporate citizens using advanced analytics have both power and knowledge, he might have attained superhero status and the realization that this knowledge extraordinaire, or simply data science, is branching out of “geekdom” and expanding across the enterprise and upward to the C-Suite.