Descriptive Analytics as a Foundation for Advanced Supply Chain Analytics
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Key Takeaways
⇨ Descriptive analytics is one of the many analytics methodologies that organizations leverage today.
⇨ While a relatively fundamental analytics approach, descriptive analytics is a critical analytics category.
⇨ Organizations must build expertise in this type to build foundation for their analytics maturity journey.
Descriptive analytics has been considered foundational analytics type in most analytics’ maturity models. While many attribute it to this method being one of the oldest one used, since the advent of business intelligence (BI) tools, there are additional aspects as well. This article discusses some of the key reasons why you must master descriptive analytics, like:
1. The need to measure the current state to improve future state.
2. Build the foundational data approaches for more advanced analytics methodologies.
3. Evaluate the analytics absorption in your organization.
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