Your supply chain analytics go a long way toward optimizing your company’s global supply chain. Still, you need a sophisticated digital model to tap the correct data from Internet of Things (IoT) sensors, the Internet, retail and e-commerce register receipts and the growing Metaverse. With this analytical model constructed, you can leverage a proactive approach using predictive analytics.
Nothing in recent history has exerted a greater influence on business change than COVID-19. The pandemic forced all types of businesses to embrace new ways of doing business, ultimately driving greater innovation and creating a new, thriving economy.
You may find the term SaaS more familiar since nearly everyone now uses software as a service, an app hosted online. Anytime you view a movie on YouTube or write a letter or paper using Microsoft Word or Google Docs, you use SaaS. Today, let’s talk about how platform as a service (PaaS) helps you run a better business.
Your organization can benefit from analytics regardless of business type. You can increase the benefits by making your analytics information easily accessible and understandable to all. You don’t need to teach your entire organization statistics and statistical analysis for the business to benefit from analytics. You can set up the back-end of your data ecosystem to do all the hard work and present the information on an easy-to-read, simple-to-understand dashboard that presents the information in digestible chunks.
Starr & Associates recognizes the value of doing business in the cloud, as 90 percent of companies have, a 451 Research study states. Using a multi-cloud approach, these companies moved to remote computing, networking, and data storage.
Transformation to a company’s products or services is usually driven based on consumer demands, technological innovations, or both. Upon recognizing the need for transforming your organization, the process in which you embark upon these changes will determine the success of your transformation. It takes careful restructuring to come up with sustainable solutions.
Creating a business that succeeds involves fostering a decision-making process that enables the organization to make solution-centric decisions. It’s a move away from a hierarchal process to one that places decision-making in the trenches of the day-to-day work, creates an organizational structure that eliminates information silos and shares decision-making with the most experienced, informed employees. How do you do this?
As organizations grow to critical mass it is often hard to derive and sustain the types of changes that are necessary to remain competitive. The larger and more structured the organization, typically the less entrepreneurial, nimble and adaptable they are to necessary change. Inability to design, develop and/or launch new initiatives; resistance to new technology, ideas or innovations regardless of the benefit; and radical resistance to reforming past practices no matter how obsolete are clear signs that your organization may be in this state.
Starr & Associates offers enterprise-level data mining, analytics and intelligence tools. We focus on how businesses can implement strategies that reduce costs while still helping you improve efficiency. Industries served include healthcare, energy, manufacturing, telecommunications, financial services, technology and the public sector.
Everyone talks about big data, but volumes of data that do not provide insights do not help your business. You need to blend your source data creating meaningful, usable information, which can be visualized into actionable insights that provide value to your business.