Data Insights Ensure Quality Data and Confident Decisions
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Author: Kartik Patel
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Author: Kartik Patel
If you’ve never heard of dark data, you’re not alone. Setting aside the ominous name, dark data isn’t something that is inherently bad – although, in practice, it usually does end up this way. Dark data is usually unstructured data, though it can also be semi-structured or structured data that a business collects and stores but […]
The post Unveiling the Power of Dark Data in Strategic Decision-Making appeared first on DATAVERSITY.
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Author: Nahla Davies
Data quality is essential for delivering reliable analytics that business users and decision-makers trust. Organizations should assess their data to ensure it meets their quality standards. Data quality management (DQM) is the practice of using data to serve an organization’s purposes with flexibility and agility. An assessment can also find gaps in data, such as missing information, that need to be filled in, to improve data quality. Here are seven ways to improve data assessments:
Assessing data is increasingly important as data volumes continue to grow and data sources expand. Having established processes in place to assess and govern data helps ensure the business can trust the results of its data analytics, including advanced analytics. Data that’s current, accurate, and complete also improves time to value. If it takes an unusually long time to get analytic results from a data set, there’s probably a data quality issue. Auditing and assessing data can identify issues and determine if a data set is fit for a specific purpose, such as advanced analytics. In addition, an audit can identify when changes were made to data, such as when a customer’s address, email, or phone number was updated.
One way to maintain data quality across the organization is to bring all data together on a single platform where it’s governed by established processes. Data governance ensures data meets compliance and quality standards. Data profiling also helps with data quality by identifying the structure, content, and formatting of data so it can be assessed and enhanced.
Actian offers modern, easy-to-use solutions for assessing and using data. The Avalanche Cloud Data Platform makes integrated data readily available to everyone who needs it. The trusted platform provides a unified experience for ingesting, transforming, analyzing, and storing data—and ensures data is complete and compliant using data quality rules.
The post Are You Accurately Assessing Data? Here are 7 Ways to Improve appeared first on Actian.
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Author: Brett Martin
If you haven’t already seen Astrid Eira’s article in FinancesOnline, “14 Supply Chain Trends for 2022/2023: New Predictions To Watch Out For”, I highly recommend it for insights into current supply chain developments and challenges. Eira identifies analytics as the top technology priority in the supply chain industry, with 62% of organizations reporting limited visibility. Here are some of Eira’s trends related to supply chain analytics use cases and how the Avalanche Cloud Data Platform provides the modern foundation needed to make it easier to support complex supply chain analytics requirements.
Supply Chain Sustainability
According to Eira, companies are expected to make their supply chains more eco-friendly. This means that companies will need to leverage supplier data and transportation data, and more in real-time to enhance their environmental, social and governance (ESG) efforts. With better visibility into buildings, transportation, and production equipment, not only can businesses build a more sustainable chain, but they can also realize significant cost savings through greater efficiency.
With built-in integration, management and analytics, the Avalanche Cloud Data Platform helps companies easily aggregate and analyze massive amounts of supply chain data to gain data-driven insights for optimizing their ESG initiatives.
The Supply Chain Control Tower
Eira believes that the supply chain control tower will become more important as companies adopt Supply Chain as a Service (SCaaS) and outsource more supply chain functions. As a result, smaller in-house teams will need the assistance of a supply chain control tower to provide an end-to-end view of the supply chain. A control tower captures real-time operational data from across the supply chain to improve decision making.
The Avalanche platform helps deliver this end-to-end visibility. It can serve as a single source of truth from sourcing to delivery for all supply chain partners. Users can see and adapt to changing demand and supply scenarios across the world and resolve critical issues in real time. In addition to fast information delivery using the cloud, the Avalanche Cloud Data Platform can embed analytics within day-to-day supply chain management tools and applications to deliver data in the right context, allowing the supply chain management team to make better decisions faster.
Edge to Cloud
Eira also points out the increasing use of Internet of Things (IoT) technology in the supply chain to track shipments and deliveries, provide visibility into production and maintenance, and spot equipment problems faster. These IoT trends indicate the need for edge to cloud where data is generated at the edge, stored, processed, and analyzed in the cloud.
The Avalanche Cloud Data Platform is uniquely capable of delivering comprehensive edge to cloud capabilities in a single solution. It includes Zen, an embedded database suited to applications that run on edge devices, with zero administration and small footprint requirements. The Avalanche Cloud Data Platform transforms, orchestrates, and stores Zen data for analysis.
Artificial Intelligence
Another trend Eira discusses is the growing use of artificial intelligence (AI) for supply chain automation. For example, companies use predictive analytics to forecast demand based on historical data. This helps them adjust production, inventory levels, and improve sales and operations planning processes.
The Avalanche Cloud Data Platform is ideally suited for AI with the following capabilities:
This discussion of supply chain sustainability, the supply chain control tower, edge to cloud, and AI just scratch the surface of what’s possible with supply chain analytics. To learn more about how the Avalanche Cloud Data Platform, contact our data analytics experts. Here’s some additional material if you would like to learn more:
·     The Power of Real-time Supply Chain Analytics
·     Actian for Manufacturing
·     Embedded Database Use Cases
The post Data Analytics for Supply Chain Managers appeared first on Actian.
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Author: Teresa Wingfield