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Friday, March 8, 2013

Is Big Data And Analytics Impacting Distributors?

An recent article on the Modern Distribution Management’s website explains that while Big Data often is greeted with skepticism, it’s more than merely a different way of saying “analytics.”

This article highlights the importance of real-time data versus historic data. What would historical data tell us about this winter’s flu epidemic? Not nearly as much as real-time data, which tells the pharmacy how much product to have in stock and lets the hospital know how many patients to expect.

The message here is that analytics for wholesale distributors is about people, not the IT functions necessarily. Your ERP system must be able to capture the data, but it takes people to analyze and use it.

Read more on the Advanced Distribution Software blog.

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