Supply Chain Risk Management: Big Data and Black Swans
I have written about so-called “Black Swan” events in the past (see, for example, a post entitled “Black Swans, Dark Clouds, and Silver Linings“). As I noted in that post, the term
In this blog, we discuss cognitive computing and other technologies with a focus on supply chain management and innovation. Other topics of discussion include digital enterprise transformation, marketing, the Internet of Things, and smart cities. Our goal is to advance the public discussion about how cognitive computing and other advanced technologies affect the world in which we live.
Bradd C. Hayes is the active editor of this blog.
I have written about so-called “Black Swan” events in the past (see, for example, a post entitled “Black Swans, Dark Clouds, and Silver Linings“). As I noted in that post, the term
Earlier this year, Allianz, a global insurer, reported, “Business interruption and supply chain risks remain atop a list of the major hazards drawing companies’ attention this year, according to the recently released
The data breach involving the giant retailer Target has been all over the news for weeks. There was lots of speculation about how the massive breach occurred, but it was eventually confirmed
“If current growth patterns continue,” writes Doug Austin, Senior Vice President of Growth & Innovation, “‘extra mouths to feed’ will be an understatement in 2053, when our planet’s population is predicted to
If you’ve ever watched ABC’s Shark Tank, you have probably heard one or more the sharks (i.e., angel investors) press entrepreneurs about reducing the per piece cost to make the items they
At the end of a previous post entitled “Resilience in the Food Supply Chain,” I indicated that I would write a follow-on article discussing current risk management efforts in the food supply
During the run-up to 2012 U.S. presidential election, a 34-year-old statistician named Nate Silver “used an elaborate series of calculations to correctly call the outcome in all 50 states.” At the time,
The World Economic Forum, in collaboration with Marsh & McLennan Companies, Swiss Re, Zurich Insurance Group, National University in Singapore, Oxford Martin School (University of Oxford) and the Wharton Risk Management and
A couple of years ago, Daniel Dumke wrote, “The food supply chain satisfies one of the most basic Maslowian needs. Interruptions can quickly become [a] major crisis. Assessment and reactions to risks
“In uncertain times,” writes Gavin Hinks, “risk management shoots to the forefront of every business mind, but recently, supply chains have also come under the spotlight, with companies seeing the value in
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