Forbes: A Single Source Of Truth: Why Data Centralization And AI Predictions Should Represent One Business Strategy
This contributed story by Dr. Michael Feindt, strategic advisor with Blue Yonder, originally appeared in Forbes on Aug. 3, 2021. Excerpts from the story below. To see the full story Forbes.com.
Business decision makers, and especially CIOs, are facing an inconvenient truth — to enact a successful artificial intelligence (AI) and machine learning (ML) project, there can only be one single source of truth when it comes to their data. Among larger companies, in particular, the data deluge has reached almost unmanageable levels. Big data as an all-encompassing concept is not a new challenge; however, repeat data is. This is data that exist in numerous places across an enterprise empire and isn’t necessarily consistent.
In a retail context, you may have a data set — such as prices, a current stock gauge, a future demand prediction or seasonal stats — in a local store. You may have that same data at headquarters, on a different system, in a different country or being merged and transferred following an acquisition. Several computers, databases and data warehouses are not uncommon consequences of the big data surge. It only takes an anomaly in one location to threaten the validity of the data.
This is why we’re seeing so many organizations investing in data integration projects as part of their digital transformation efforts. It’s a way to bring those disparate networks together and to establish a single “source of truth.”
In The News
- CEO Spotlight: Big changes and new links in the supply chain
- Data Cloud Podcast: Building the World’s Largest Supply Chain Data Cloud with Duncan Angove, CEO at Blue Yonder
- Forbes: We’ll Never Fully Trust Artificial Intelligence With Our Businesses — And That’s Okay
- Automotive Industries: Blue Yonder accelerates automotive innovation with strategic flexis acquisition for supply chain transformation
- eCom Logistics Podcast: Modern Logistics Challenges: Strategies from Blue Yonder’s Ann Marie Jonkman at Modex 2024
Analyst Reports
- Gartner Hype Cycle for Supply Chain Execution Technologies, 2024
- IDC The Shoptalk Bridge for Retail Technology 2024
- Gartner Tool: Vendor Identification for Retail Forecasting, Allocation and Replenishment Solutions
- Gartner Announced Corporate Transaction Notification: One Network Enterprises, Magic Quadrant for Transportation Management Systems
- Gartner Announced Corporate Transaction Notification: Blue Yonder, Magic Quadrant for Transportation Management Systems
Media Relations Inquiries
Marina Renneke, APR
Global Corporate Communications Senior Director
Rossella Benti
EMEA Corporate Communications Director
Meredith Mackintosh
NA Corporate Communications Manager
mediarelationsteam@blueyonder.com
480-308-3037
Analyst Relations Inquiries
Celeste White
Vice President, Global Analyst Relations
Sarah Hart
Program Director, Global Analyst Relations
Lindsey Hiefield
Program Manager, Global Analyst Relations
analyst.relations@blueyonder.com