Most companies have high expectations from big data analytics in their supply chain, many have had difficulty adopting it.
We surveyed more than 1,000 senior executives from large global companies to get their thoughts on the importance of big data analytics in their supply chain, the progress they have made in adopting it and how they are benefiting from its use.
Ninety-seven percent of the surveyed executives have an understanding of how big data analytics can benefit their supply chain but only 17 percent have already implemented analytics in one or more supply chain functions.
We also found that many companies are on the verge of making investments to develop a mature big data analytics capability. More than one-third of executives reported being engaged in serious conversations to implement analytics in the supply chain, and three out of 10 already have an initiative in place to implement analytics.
Our research further revealed some commonalities among a small group of companies that have generated a high return from their investment in big data analytics for their supply chain.