Commentary: Visualizing Big Data

As the amount of data being produced and consumed by supply chains grows exponentially, having tools to visualize that data is crucial.

Commentary: Visualizing Big Data

As the amount of data being produced and consumed by supply chains grows exponentially, having tools to visualize that data is crucial.

Commentary: Visualizing Big Data

As the amount of data being produced and consumed by supply chains grows exponentially, having tools to visualize that data is crucial.

 
Imagine you had access to the greatest collection of movies and television shows the world has ever known.
    Then imagine you had no access to a TV of any kind.
    That’s the conundrum facing many a supply chain. Lots of data, but no way to understand how that data is impacting their business beyond miles of spreadsheet cells.
    This week I attended SMC³’s first Logistics Technology Summit, part of the technology provider and trade association’s annual JumpStart conference in Atlanta.
    And the biggest takeaway for me was that data visualization tools are as important as the data itself.
   Kirk Graves, senior manager, transportation practice at Chainalytics, said visualization tools like Tableau and Qlikview are crucial complementary pieces to supply chain systems because they create ways for people to understand the data.
    As one speaker at the conference said, it’s impossible for the human mind to process voluminous amounts of data – it’s much easier to see that data represented via dashboards and maps.
    It’s a key distinction – the volume of data being created every second literally dwarfs what was created a decade ago. Graves showed a slide indicating that it took 1,000 years to generate an exabyte of data in 2003. Now it takes 10 minutes. And 90 percent of all data ever produced has been created in the last two years.
    The issue gets more pressing as more and more devices that collect data but are largely cut off from broader networks are linked to those networks – in other words, the internet of things concept.
    This has particular relevance to the supply chain world for two reasons – transportation and logistics has notoriously lagged other sectors in terms of technology adoption (though the tide is changing rapidly) and because the need for supply chains to be networked is critical.
   But keep in mind that tools to help visualize data is even more critical. Some of those tools are integrated into software – developers are mindful of the fact that user experience is a big part of the sales and customer retention process.
    Some shippers and service providers, however, will want to build their own visualization tools to draw data from multiple systems. It’s a function of a company’s appetite to take on such projects, and the capability of their IT department.
    Either way, make sure to have a TV to view all that cool programming you’re going to be receiving from your supply chain systems.

Without wanting to be too alarmist, there is the potential for IMO 2020 to inspire another major carrier bankruptcy and/or trigger more defensive M&A.

Great Lakes iron ore shipments in March tumbled 39 percent year-over-year, which the Lake Carriers’ Association said was due to a lack of adequate icebreaking resources.

Most Popular
Latest News
Social Media

Loading...

Eastern U.S. digs out from monstrous winter storm

Eastern U.S. digs out from monstrous winter storm

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Commentary: Visualizing Big Data

As the amount of data being produced and consumed by supply chains grows exponentially, having tools to visualize that data is crucial.

on Jan 22, 2016AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Commentary: Visualizing Big Data

As the amount of data being produced and consumed by supply chains grows exponentially, having tools to visualize that data is crucial.

on Jan 22, 2016AmericanShipper.com