The past decade has seen a sea change in the way supply chains are organized and instituted in the best companies. While most companies recognize the need to improve their supply chain infrastructure, the best ones realize that optimizing this portion of their business is one of the easiest and most effective ways to increase the bottom line. Here is a quick rundown on how the best companies that truly “get” the message properly manage their supply chains.
Back in 2016, Gartner produced its first research note on prescriptive analytics technology, the Forecast Snapshot of Prescriptive Analytics. Once again, River Logic was noted as one of the few major players that hold around 85% of the market share in the prescriptive technology space. The prescriptive analytics software market is set to reach $1.57 billion by 2021, with a 21% CAGR from 2016.
On May 23rd at the Gartner Supply Chain Executive Conference, we gave a 45-minute presentation entitled "The Next Frontier: Prescriptive Analytics for the Non-Data Scientist," presented by Ray Cline, former Global Industry Lead at CGI Oil & Gas and Gene Carlino, our very own Director of Sales.
Although I was in our speaking session the entire time, we heard from a handful of attendees that our session had about four times as many attendees as the other three speaking sessions that took place during the same time slot (hooray!).
Dallas, TX—May 11, 2017. River Logic, Inc. announced today that it has been positioned as a Leader in Gartner’s Magic Quadrant for Sales and Operations Planning Systems of Differentiation. River Logic believes that it has been positioned as a leader based on the functional offerings of its Planning and Prescriptive Analytics Platform that has recently expanded to include a cloud-based scenario creation, visualization and analysis component purpose built for business leaders.
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This year, we are proud to announce that we will be a Platinum Sponsor at Gartner's Supply Chain Executive Conference, held May 23-25, 2017 in Phoenix, AZ. Join seven of our team members — including our President, VP Partners and VP Sales — for three days of supply chain technology innovation!
The short answer is yes: Gartner has gotten prescriptive analytics wrong, or at least 50% wrong. However, why do we even care about prescriptive analytics? Let’s start by having a look at the increasing amount of attention the term has gotten over the last 18 months.