Logistics Software

What is Big Data? Analytics, definition, meaning & examples

| Author / Editor: Benedikt Hofmann, Sebastian Hofmann / Theresa Knell

Big Data trends in the coming years

All of these new possibilities will certainly result in new requirements which also demand new skills from the management and employees of a company. According to Fischer, the areas they will have to deal with in the coming years are based on four pillars:

  • How is the data generated and stored?
  • How is the data analyzed and the forecasts made?
  • How is the data used?
  • How is the data utilized and how can it be used to generate business?

Only if companies deal with the opportunities and risks of Big Data now will they have a chance to succeed in the long term and to bind customers in the long term.
Only if companies deal with the opportunities and risks of Big Data now will they have a chance to succeed in the long term and to bind customers in the long term. (Source: ©s_l - stock.adobe.com)

This implies the question of how one's own company can be transformed in such a way that it remains competitive even under the new conditions presented by Big Data. According to the experts, there is no alternative to facing Big Data. In other words: go for the technologies, as Fischer explains: "Companies must consider where they can integrate this technology into their products and services and what new services they can create.” The aim should be that working with you company will increase customer loyalty by creating substantial added value for them.

These developments will undoubtedly create a new working reality, partly because they further advance the development towards extensive automation. "In intralogistics in particular, automation can and will continue. Driverless transport systems and robots will transform transport, storage, and handling. However, since buildings and material flow structures can only be changed in the long term, this will probably only be taken into account for new buildings," explains Schenk. "Innovative approaches are likely to arise relatively quickly in the production of new vehicle concepts, especially by the removal of rigid belt structures by original equipment manufacturers. The role of people is therefore not always up for discussion.

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