Tip: Simplify Data Strategies to Reap Analytics Rewards - Modern Distribution Management

Log In

Tip: Simplify Data Strategies to Reap Analytics Rewards

The possibilities that analytics has to offer can be overwhelming. As a result, it can be a challenge to organize big data in meaningful ways.
Kristen-Gawalis-MDMBlog
Author
Date

The possibilities that analytics has to offer can be overwhelming.  As a result, it can be a challenge to organize big data in meaningful ways. In a recent article for Harvard Business Review, Narenda Mulani suggests companies simplify by:

Accelerate the data. Using a combination of emerging technologies, companies can develop a supply chain for data. The faster data is collected, the sooner it can be analyzed.

Delegate the work to your analytics technologies. According to Mulani, next-gen business intelligence and data visualization bring data and analytics to life to help companies improve and optimize their decision-making and organizational performance. She also suggests focusing on data discovery, analytics applications and machine learning and cognitive computing.

Recognize that each path to data insight is unique. Companies can search for patterns in data to find data insights. Others may pilot and test solutions based on current needs for analytics.

Big data doesn’t need to be intimidating or overwhelming. Keep your strategies as simple as possible to help manage your highest priorities. 

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.