The so-called fourth industrial revolution is based on the transformative effect that digitisation is having on how businesses operate. Smart technologies and digital communication means that a large amount of data can be generated about the performance of nearly every part of the operation. Analytics is the tool that deploy algorithms to exploit this data in order to improve performance.
In this article, Baljko discusses the potential analytics has for managing the supply chain. The main thrust of this is that for many operators, the challenge is not devising the algorithms to do the analysis, but having reliable data for them to analyse in the first place.