It seems everyone is discussing “advanced analytics”, but if there is such thing as advanced analytics, then there has to be a non-advanced analytics, too. Not only is no one talking about non-advanced analytics, but no one seems to know what exactly “analytics” itself means.
Analytics is “the ability to collect, analyze, and act on data” which comes from Tom Davenport’s Harvard Business Review article, “Competing on Analytics”. The field of analytics is broken down into three categories: descriptive, prescriptive, and predictive analytics. How do these three categories fit into your supply chain and how do they help define advanced analytics? Learn more about analytics solutions by clicking the green button below.
Keep Reading…