Supply chain analytics 'top technology' for 2012
Jan 20th 2012, 13:44
Analytics and business intelligence systems designed to optimise business functions such as supply chain will be the "top-ranked" technology for 2012, market experts predict.
According to a newly published global survey of CIOs by Gartner's Executive Programs, firms are increasingly using such technologies to drive efficiency improvement programmes in the current fragile economic climate.
"Analytics/business intelligence was the top-ranked technology for 2012 as CIOs are combining analytics with other technologies to create new capabilities. For example, analytics plus supply chain for process management and improvement, analytics plus mobility for field sales and operations, and analytics plus social for customer engagement and acquisition," the poll revealed.
The study, Amplifying the Enterprise: The 2012 CIO Agenda, went on to note that IT organisations will have to deliver on multiple priorities without an increase in their IT budget, as CIO IT budgets are expected to be flat, increasing just 0.5 %, with declining IT budgets in North America and Europe.
The worldwide CIO survey was conducted in the fourth quarter of 2011, and it included 2,335 CIOs, representing more than $321bn in CIO IT budgets and covering 37 industries in 45 countries.
"Technology's role in the enterprise is increasing. This does not mean, however, that the role of the IT organisation is increasing," said Mark McDonald, group vice president for Gartner Executive Programs and Gartner Fellow.
"CIOs concentrating on IT as a force of operational automation, integration and control are losing ground to executives who see technology as a business amplifier and source of innovation. Effective leaders use technology, which includes IT, to strengthen the customer experience and eliminate costly internal distortions. They are using technology to 'amplify' the enterprise."
He added that in the face of continued economic uncertainty and government austerity, business strategies call for a combination of growth and operational efficiency: "As reflected in the 2012 CIO Agenda survey findings, effective leaders see customers as the key factor in both of these strategic components, with the customer experience their focal point in reconciling potentially conflicting goals.
"Present economic conditions may tempt CIOs to force IT back into cost-cutting mode, but senior executives expect technology - and this includes IT - to address the tough challenges by amplifying enterprise strategies and operations."
AB InBev rolls out blockchain solution to assist farmers
01/08/2019 - 14:16
Multinational brewing company AB InBev Africa is rolling out a blockchain solution to assist smallholder farmers in its supply chain.
Identity and access management has business on high alert
24/07/2019 - 10:14
Identity and Access Management (IAM) is now a must in commerce and the need to protect digital assets (most notably data) is driving the development of solutions and widespread adoption, irrespective of the size of the business.
JIT is key to optimising the FMCG supply chain
23/07/2019 - 19:12
The ability to manufacture ‘just enough’ stock to cover orders and deliver ‘just enough’ product to every retailer is the optimal supply chain scenario in the Fast-Moving Consumer Goods (FMCG) industry. This is known as Just in Time (JIT) manufacturing and delivery.
Collaborative planning, forecasting, and replenishment in the retail supply chain
10/07/2019 - 08:56
Grocery retailers often find themselves facing the challenges of overstocking, understocking, missed sales and expired stock. Collaborative planning, forecasting, and replenishment (CPFR) is a framework that has been developed to address these challenges.
Addressing the entire supply chain is key to driving consumer behaviour and creating loyalty
03/07/2019 - 08:33
Changing consumer behaviour and creating loyalty throughout the supply chain are areas every FMCG manufacturer is trying to achieve.