Organizations generate colossal amounts of data every day however, only a handful of them, who integrates a business intelligence strategy have a competitive advantage and can harvest useful information. For today’s organizations, hunches and experience, that mid and senior level management brought to the table, have been replaced with logical frameworks and business strategies. If yours is a business that competes in the CPG industry, you are facing a constant challenge of expanding portfolios, ensuring regulation compliance, reporting requirements, and managing a multifaceted supply chain that has distinct requirements. The competition in the CPG industry today adds various components to consolidate their position in the market, create new sales channels and growth opportunities, while increasing the efficiency of their supply chain. To compete in such an environment, companies should leverage an authoritative grouping of Data Science & Analytics, technology and management to be able to compete and win market share.
Consumer Packaged Goods companies need to effectively sense demand and quickly bring to bear new products through fast, effective innovation. Products need to reach the retail and e-tail shelves at the right time and place. Furthermore, today’s Millennial are hungry for customized, connected, Omni-channel experiences and they expect you to deliver them. Meeting these demands calls for drawing deeper insights from big data to make quicker, fact-based decisions. Descriptive and predictive analytics on supplier, product, shopper, consumer, customer, promotions and channel data can accelerate your journey from insight to action and deliver benefits throughout the extended enterprise-integrating capabilities and relevant data.