The benefits of data-driven analytical decision making are becoming increasingly apparent. Consequently, CEOs are accelerating plans to use data and analytics (D&A) to drive organizational growth. They realize that effective use of analytics increases revenue and improves profitability.
More than likely, you’re going to be making significant investments in your supply chain over the next several years (or perhaps you’ve already started). If so, it’s worth looking at the recent findings from the 2017 CSCO Supply Chain survey by Gartner.
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.
The Corporate Planning and Performance Management technology market space is quickly growing, with many niche players and newcomers continuing to develop solutions in the space. Unlike Supply Chain solutions, which are still largely dominated by a few major players (despite their often inferior solution offerings), the corporate planning software market is not dominated by the typical large software vendors like SAP, Oracle and IBM.