Gartner recently identified the top eight disruptive technologies most likely to impact organizational supply chains in 2018. Keep in mind, these trending technologies are scattered throughout the various stages of the Gartner Hype Cycle, which charts the development of technologies from concept to maturity and adoption. Starting with those closest to commercial viability, here the the eight supply chain trends you can't ignore.
The business world is in a state of flux as new technologies continually change the way companies operate. The pace of innovation is fast. Those in the lead respond to changing market demands quickly and efficiently, leaving behind those who rely on inflexible and dated supply chains.
Author’s comment: this is part 1 of 2 of a hypothetical case study. The story described below can be any company willing to consider using a Prescriptive Analytics approach to improve their decision-making abilities.
Emerging technologies go through what is described as a hype cycle. As presented by Gartner, this represents the curve technology goes through from inception to maturity. Critical phases include:
DALLAS, June 28, 2017 /PRNewswire/ -- River Logic today announced that it is pioneering advanced analytics by bringing its prescriptive analytics platform to the cloud through Microsoft Azure and Cortana Intelligence Suite in the Microsoft Azure Marketplace.
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.