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State of Data Infographic 2

Making data-driven decisions is not always possible

In this second infographic we focus on talent and tools and support data analytics and decision making in demand planning and forecasting.

Interestingly, having a larger team does not always translate into more data-driven decisions. Instead, it's better to build a smaller team but equip them with the right tools and training.

Apart from investing in people and tools for data collection, analytics, and forecasting, organizations also have to overcome challenges, such as:

  • Having thousands of SKUs with more being added daily
  • Siloed data structures due to inconsistent systems between departments or teams within an organization
  • Rapidly shifting customer demands and attitudes
  • Uncertainties in the global supply chain industry that resulted from the pandemic
  • The unwillingness of members of the organization to transition to digital platforms

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