Our infographic shows how big data can be used to cut procurement costs
Big data is now completing the shift from being primarily a concept that people predicted would impact vast swathes of business operations to being given practical applications that are delivering results.
A recent Accenture survey of senior company executives across 19 countries showed that 89% of respondents rated big data as either ‘very’ or ‘extremely’ important to their organisations’ digital transformation. A further 82% felt that big data provides a significant source of value to their companies.
“82% of senior executives believe that big data provides a significant source of value to their companies”
Research conducted by RS and the Manchester Business School suggests that big data has huge potential when it comes to creating improvements and efficiencies in MRO procurement. As our infographic shows, investing in big data and putting the right processes in place can help to improve planning, reduce repairs and identify cost savings across multiple sites.
For a more detailed overview of how to achieve this, read our white paper: How understanding big data helps unlock MRO procurement savings.