Why Global supply chains are now adopting data-driven solutions

Data is a collection of fact-based values and observations that include qualitative and quantitative variables which enables reasoning or calculation is done. Through data, one can verify, understand, and quantify the logic of a particular situation, thus allowing one to formulate corrective measures to rectify the same if needed. It has been noticed that highly data-driven organizations are more likely to report significant improvements in decision-making than those who rely less on data. Data-driven decision-making is the process of using data to influence one's decision-making process and validate a course of action based on the data.