Strengths , Weaknesses, Opportunities and Threats (S.W.O.T.)
Implementing analytic tools with the technology available nowadays (RFID, GPS,…), that is getting cheaper and cheaper, will enable gathering insights and information about logistic and operations on a real-time basis. This means reacting faster and faster to issues.
Analytic skills should be developed in order to break the barrier between such amount of data and the meaningful information for a certain business. Inaccessible data are both useless and a missed information.
Scouting might be easier. Moreover, a demand driven supply chain (DDSC) approach might be expanded by sharing more and more data with key partners and by gathering insights from the market: from customers as well as customers of customers and thus anticipate trends and innovations rather than rely mainly on unreliable forecasts.
Be disrupted by other innovations. This is what might happen whenever a new business model, closer to customer needs (or that creates new needs), is created thanks to IT innovations. New business model = New network of suppliers.
Ignoring the opportunities behind IT innovations means ignoring the risk of being disrupted. On the other side, an excess of enthusiasm towards BigData is as well a risk to fall in one of the 5 bigdata S.L.I.P.S. if no analytical and business acumen are developed.
Feelink – Feel & Think approach for doing life!