IBM Supply Chain Blog

SEPTEMBER 13, 2023

Organizations are wrestling with a pressing concern: the speed at which they respond to and contain data breaches falls short of the escalating security threats they face. According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 million this year.

Data 95

Data Risk Management Real-time Visibility 95

RPF360

SEPTEMBER 15, 2022

This guest post, exploring how to leverage procurement data, was written and contributed by technology expert Jenn Fulmer of TechnologyAdvice. The post How to forecast market trends using procurement data appeared first on RFP360. While no one could have predicted the specific circumstances and outcomes, we find ourselves now [.].

Procurement 181

Procurement Supply chain Data Supply 181

Procurement Insights

NOVEMBER 22, 2023

EDITOR’S NOTE: A few days ago, SPICE Technology Group’s Neel Sharma wrote a post on LinkedIn titled “Vendor Item Data, New Item Setup Process and the Impact on Procure-to-Pay.” From that point on, there was an increased commitment on the part of bases to establish and create a workable data governance model.

Data 62

Data Procurement Suppliers 62

IBM Supply Chain Blog

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more. IBM Cloud Object Storage manages data files as highly resilient and durable objects.

Data 84

Data Risk Strategy Innovation 84

ivalua

JUNE 6, 2022

Every year, the International Association for Data Quality Governance and Analytics (or IADQGA) runs their Data Quality and Governance study. Among the most valuable topics we addressed was a deceptively complex question: what is quality data? Supply chains are in a battle for data supremacy.

Procurement 130

Procurement Data Supply chain Suppliers 130

ivalua

APRIL 28, 2022

One of the drivers for these issues is focused around the lack of access to reliable “data”. To be of use, supply chain data must be of good quality and trustworthy. Today organizations are assessed based on their people, processes, technology and “data”. View the report HERE. Would you like to see the report come to life?

Supply chain 130

Supply chain Supply Quality Data 130

ProcurePort

MAY 31, 2023

However, the process of onboarding new suppliers, gathering their information, and managing supplier data can be time-consuming and prone to errors when done manually. Supplier management […] The post Streamline Supplier Onboarding and Data Management with Supplier Management Software appeared first on ProcurePort Blog.

Suppliers 130

Suppliers supply chain software solutions Supplier relationship management Management 130

ivalua

OCTOBER 18, 2022

The business case for data-driven transparency is not hard to make. In today’s dynamic, complex market, where procurement’s objectives continue to grow, data is the fuel for success. While data quality cannot be perfected and some technological innovations aren’t quite ready for prime time, tremendous improvements are possible.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Supply Chain Visibility Supply chain 130

Procurement Heads

NOVEMBER 9, 2022

That’s based on the latest data from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector. The data – provided by Bullhorn – showed a 3% month-on-month increase in contractor roles in October, while these figures were up 6% when compared to the same period in 2019.

Contract 130

Contract Data Procurement Supply chain 130

Procurement Heads

NOVEMBER 9, 2022

That’s based on the latest data from the Association of Professional Staffing Companies (APSCo) – the trade body for the professional recruitment sector. The data – provided by Bullhorn – showed a 3% month-on-month increase in contractor roles in October, while these figures were up 6% when compared to the same period in 2019.

Contract 130

Contract Data Procurement Supply chain 130

IBM Supply Chain Blog

JULY 13, 2023

When we talk about data integrity, we’re referring to the overarching completeness, accuracy, consistency, accessibility, and security of an organization’s data. Together, these factors determine the reliability of the organization’s data. In short, yes.

Quality 67

Quality Data supply chain budgeting Supply Chain Efficiency 67

IBM Supply Chain Blog

OCTOBER 16, 2023

As the world continues to become a globally connected ecosystem, data fluidity has sparked national and international conversations around notions of data and digital sovereignty. First, we must understand how data sovereignty came to be. What is data sovereignty?

Data 66

Data Risk Strategy Management 66

IBM Supply Chain Blog

SEPTEMBER 27, 2023

The average cost of a data breach set a new record in 2023 of USD 4.45 On the bright side, data also shows that artificial intelligence (AI) and automation can improve security readiness and speed response to attacks, to help dramatically shrink the data breach window before causing real harm.

Data 95

Data Real-time Visibility e2e Sourcing 95

IBM Supply Chain Blog

SEPTEMBER 6, 2023

According to the IBM survey, when CMOs were asked what they thought the primary challenges were in adopting generative AI, they listed three top concerns: managing the complexity of implementation, building the data set and brand and intellectual property (IP) risk. The journey starts with sound data.

Data 114

Data Strategy Ethics Sourcing 114

SCMDOJO

MAY 10, 2023

However, the success of an ERP system largely depends on the quality of its master data. Poor quality master data can lead to errors, delays, and inconsistencies, which can have serious implications for an organization’s bottom line. After all, who wants errors lurking in the depths of their master data records?

Quality 124

Quality Supply Chain Optimization Supply Chain Efficiency Data 124

IBM Supply Chain Blog

OCTOBER 12, 2023

Connecting AI models to a myriad of data sources across cloud and on-premises environments AI models rely on vast amounts of data for training. Once trained and deployed, models also need reliable access to historical and real-time data to generate content, make recommendations, detect errors, send proactive alerts, etc.

Data 77

Data Real-time Visibility Ethics Sourcing 77

Supply Chain Brain

OCTOBER 31, 2023

Data analysis can also be used to compare the performance of different facilities to understand where improvements need to be made. Companies considering technology investments to optimize DC operations should do so sooner rather than later.

Data 98

Data 98

IBM Supply Chain Blog

AUGUST 4, 2023

Data democratization, much like the term digital transformation five years ago, has become a popular buzzword throughout organizations, from IT departments to the C-suite. It’s often described as a way to simply increase data access, but the transition is about far more than that. What is data democratization?

Data 64

Data Real-time Visibility Quality Management 64

Procurement Software

OCTOBER 17, 2023

Procurement spend data is often unstructured, difficult to interpret and unreliable as a source of truth. Poor data quality is one of the biggest challenges that procurement leaders face when embarking on a digital transformation or procurement excellence journey. Procurement’s dirty spend data: why, and what to do?

Procurement 59

Procurement Data supply chain budgeting supply chain software solutions 59

IBM Supply Chain Blog

JUNE 21, 2023

To provide stakeholders with vital IT services, organizations need to keep their private data centers operational, secure and compliant. Data center management encompasses the tasks and management tools necessary for doing so. A person responsible for carrying out these tasks is known as a data center manager.

Data 69

Data Management Real-time Visibility Sustainability 69

IBM Supply Chain Blog

JULY 5, 2023

Data Lakes have been around for well over a decade now, supporting the analytic operations of some of the largest world corporations. Such data volumes are not easy to move, migrate or modernize. The challenges of a monolithic data lake architecture Data lakes are, at a high level, single repositories of data at scale.

Data 62

Data Management Demand Strategy 62

IBM Supply Chain Blog

APRIL 12, 2023

In our previous blog, we identified the three layers to network data monetization. These were the data layer, the analytics layer and the automation layer. To address the network data value tree successfully, we must address the complexities of these three layers, which are essential for automated operations in telco.

Networking 84

Networking Data Data interpretation Suppliers 84

ProcurePort

MARCH 3, 2022

Did you know that poor data analytics costs the United States more than $3.1 Your supplier data is incredibly invaluable and embracing it may increase your business’ operating margins by up to 60% according to McKinsey. The post Finding Meaning in Your Supplier Master Data appeared first on ProcurePort Blog. million and $14.2

Suppliers 130

Suppliers Data Management 130

IBM Supply Chain Blog

MAY 9, 2023

Over the past decade, deep learning arose from a seismic collision of data availability and sheer compute power, enabling a host of impressive AI capabilities. Data must be laboriously collected, curated, and labeled with task-specific annotations to train AI models. Data: the foundation of your foundation model Data quality matters.

Data 130

Data Quality Sourcing Sustainability 130

SCMR (Supply Chain Management Review)

OCTOBER 24, 2023

In this webinar, we’ll dive into real-world examples of how manufacturers are leveraging real-world data, a unified data cloud, and industry-leading AI & ML to reimagine the way they manage their supply chains.

Supply chain 92

Supply chain Supply chain resilience Supply Data 92

Procurement Insights

OCTOBER 24, 2023

I also encourage you to check out her post and offer your thoughts on the question of the gap between data promise and data realization. After 20-plus years of the industry acknowledging the importance of data without turning that recognition into scalable and meaningful action, data skepticism is understandable.

Data 73

Data Collaboration Import 73

IBM Supply Chain Blog

OCTOBER 4, 2023

Artificial intelligence (AI) is now at the forefront of how enterprises work with data to help reinvent operations, improve customer experiences, and maintain a competitive advantage. It’s no longer a nice-to-have, but an integral part of a successful data strategy. Why does AI need an open data lakehouse architecture?

Data 78

Data Collaboration Strategy Sourcing 78

SCMR (Supply Chain Management Review)

JUNE 16, 2023

Three-quarters of respondents to a SpendHQ survey said they don’t trust the data in their procurement process, leading to poor decision-making.

Data 84

Data Procurement 84

IBM Supply Chain Blog

APRIL 24, 2023

The dependence on remote internet access for business, personal, and educational use elevated the data demand and boosted global data consumption. Additionally, the increase in online transactions and web traffic generated mountains of data. Enter the modernization of data warehousing solutions.

Data 89

Data Demand Consumer demands Management 89

Positive Purchasing

APRIL 6, 2023

Kris describes himself as a “seeker of truth”, and here he takes a look at the tech landscape in procurement – and in particular, data. When it comes to buying data and digital solutions, the best approach to take is the same you’d use for basic change management. In short, you’ve got to let the data speak for itself.

supply chain software solutions 105

supply chain software solutions Procurement Supply chain Supply 105