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
- iTWire (Australia): How Blue Yonder is Applying AI and Innovation To Solve Supply Chain Challenges
- Modern Materials Handling: Blue Yonder’s Logan Kluth on the Real Value of Cloud WMS
- SiliconANGLE: The Road to Intelligent Data Apps With Blue Yonder’s Chief Product Officer, Gurdip Singh
- FreightWaves Running On Ice: Prioritizing The Vaccine Supply Chain
- Sourcing Journal: Blue Yonder’s Sónia Peres On AI/ML’s Role in Fashion, Retail
Analyst Reports
- IDC Market Analysis Perspective: Worldwide Warehouse Management Systems, 2024
- Gartner Maximize the Value of AI in Supply Chains With “Whole Product” Use Cases
- IDC MarketScape: Worldwide Professional Services Providers for Retailers 2024 Vendor Assessment
- IDC Market Analysis Perspective: Worldwide Transportation and Logistics, 2024
- IDC Market Glance: Retail Last Mile, 3Q24
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