February 20168 logisticstechoutlook.comBy Daniel Cavallin, CIO, CelisticsData Consolidation and ConversionOne of the main challenges in the supply chain industry is the data consolidation. Very often, not all the links of a chain are directed by the same entity and, as a consequence, each one uses a different code to refer to the same products or clients. Master Data Management (MDM) strategies and standard processes under the same collaborative model are the key to confront this challenge. Once the data consolidation barrier has been breached, the second challenge is to convert it to relevant information where each entity can see the fruit of their collaboration through the analysis that can only be achieved with the global vision of the process.Machine Learning--The FutureI think we are living an information revolution. There is big data everywhere, but Business Intelligence (BI) exists today mainly in the people; it is the people who analyze the dashboard and make the decisions, based on what, empiric experience? The future in Business Intelligence is to provide the algorithms to do the analysis, furthermore, to provide a mechanism to self-learning and adapt the algorithms to be more accurate every time. This is the base of machine learning; this is what we are going to see in the next few years to come.Social Network and Electronic WalletsI think there are many opportunities to create technologies. I think the digital social network's boom and its insertion in the day to day business is one of them, creating predictive models based on popular opinions and comments, understanding people's feelings, and measuring every word. That is a big challenge. Another revolution happening today is the way people pay for things. We are looking at how Apple, Google, and others, are implementing electronic wallets and creating different ways to pay. This technology can change the world; the bank is now in our pockets, not on the streets. Do we really need banks to make purchases? Can we do it Peer to Peer? We'll see.The Algorithm of ThingsIn the logistics world, the IOT will have a huge impact. The key to make the right decision in supply Decoding the Information RevolutionIN MY OPINIONFebruary 20168 logisticstechoutlook.com
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