1
Harness the Potential of the Internet of Things with Big Data Analytics Improve planning. Increase performance. Reduce risk. Take control of your supply chain data. 1982 1982 2015 2020 The IoT concept gains traction. RFID QR CODES DIGITAL WATER MARKS c Manufacturing Utilities Transportation Top 3 industries using connected devices in 2015. 7 Supply Chain Challenges & How Analytics Help Data from a network of connected devices provides new opportunities to analyze performance. Big data analytics gives you new insights to improve results. What is the Internet of Things (IoT)? The Internet of Things (IoT) is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment. 3 The McKinsey Global Institute defines IoT devices as those that “can monitor their environment, report their status, receive instructions, and even take action based on the information they receive.” 4 First internet connected appliance Researchers at Carnegie Mellon University configure a Coke machine to report on inventory and drink temperature. UK allocates £ 40 million to IoT research to develop interconnected technologies for healthcare, social care, and “smart cities” initiatives. 5 25 billion connected devices in use. Up from 4.9 billion in 2015 6 Organizational complexity and balancing priorities can lead to inefficiencies, higher costs, and poor service. Disparate data from disconnected systems makes it difficult to allocate resources. Spikes and swings in demand can play havoc with forecasting and planning. Customer desires for faster and more flexible delivery options put a strain on fulfillment and distribution. Challenges in planning and forecasting hurt product availability. Unpredictable disasters can upset reliability and efficiency. Integrate data across planning, forecasting, manufacturing, and other systems into a single view. Use visual analytics to explore interdependencies, align priorities, and effectively deploy resources. Combine data from all sources; internal, suppliers, partners, customers, and third parties for a complete view of your ability to meet demand. Identify and analyze performance gaps across your fulfillment process. Get immediate visibility into risk throughout your supply chain to rapidly build contingency and continuity plans. Integrate data across the supply chain to quickly measure, analyze, and take action. Executives that understand how big data analytics can improve supply chain performance 1 . Executives that implemented analytics in one or more supply chain functions 2 . qlik.com/supplychainsolutions © 2015 QlikTech International AB. All rights reserved. Qlik ® , QlikView ® , Qlik Sense ® , QlikTech ® , and the QlikTech logos are trademarks of QlikTech International AB which have been registered in multiple countries. Other marks and logos mentioned herein are trademarks or registered trademarks of their respective owners. 1 Big Data Analytics in Supply Chain: Hype or Here to Stay? Accenture Global Operations Megatrends Study, 2014. (https://acnprod.accenture.com/_acnmedia/Accenture/Conversion-Assets/DotCom/Documents/Global/ PDF/Dualpub_2/Accenture-Global-Operations-Megatrends-Study-Big-Data-Analytics.pdf#zoom=50) 2 ibid. 3 “Internet of Things” definition, Gartner IT Glossary. (http://www.gartner.com/it-glossary/internet-of-things/) 4 McKinsey Global Institute, Disruptive technologies: Advances that will transform life, business, and the global economy, June 2013 5 “Budget 2015: Osborne pins UK’s digital future on internet of things,” The Guardian, March 18, 2015. (http://www.theguardian.com/politics/2015/mar/18/budget-2015-osborne-pins-digital-future-internet-of-things) 6 Gartner Says 4.9 Billion Connected “Things’ Will Be in Use in 2015,” Gartner Press Release, November 11, 2014. (http://www.gartner.com/newsroom/id/2905717) 7 ibid. 8 “Internet of Things will deliver US$1.9 Trillion Boost to Supply chain and logistics operations,” DHL Press Release, April 15, 2015. (http://www.dhl.com/en/press/releases/releases_2015/logistics/internet_of_things_will_deliver_boost_to_supply_c hain_and_logistics_operations.html) trillion Total "Value at Stake" for supply chain and logistics operations over the next decade. 8 BUT ONLY Applying big data analytics to the complex interaction of products and processes gives executives new insights to better manage supply, demand, and resource availability.
