Until recently, access to the bulk of an organizations’ supply chain data has been limited to specialists, distributed across myriad data systems. Constrained by traditional data warehouse limitations, maintaining the data requires considerable engineering effort; heavy oversight, and substantial financial commitment. Today, a huge amount of data—generated by an increasingly digital supply chain—languishes in data lakes without ever being made available to the business.
A 2023 Boston Consulting Group survey notes that 56% of managers say although investment in modernizing data architectures continues, managing data operating costs remains a major pain point. The consultancy also expects data deluge issues are likely to worsen as the volume of data generated grows at a rate of 21% from 2021 to 2024, to 149 zettabytes globally.
