“More importantly, how are we being equipped to handle Doug Laney’s volume, velocity, variety hypothesis relating to data growth, and the amount of information that bombards us on a daily even hourly basis? In essence are we controlling the data or is the data controlling us and, are we seeing more but knowing less?” – September 9th, 2013 Procurement Insights Post, Is there such a thing as “Big Data” blindness? (Part 1 of 2) by Jon Hansen
In her weekly update from the world of procurement, Buyer’s Meeting Point’s Kelly Barner made reference to Rosslyn Analytics’ upcoming webinar “Five ways you can deliver new levels of savings through an opportunity analysis.”
While the information that Kelly shares regarding industry events and webinars are always worth noting, this one caught my attention, because it reminded me of a post I had written back in 2013 regarding big data blindness. Specifically, the difference between volume versus true intelligence, and if greater access to ever increasing levels of information means that we will do a better job.
“The value of data is priceless. Unfortunately, many companies are unable to fully exploit this strategic asset because they lack the right level of visibility. Those that do, outperform their industry peers.” – from Rosslyn Analytics “Five Ways” Webinar
Even though in the promotion of their webinar, Rosslyn indicates that they have “calculated that a company with an annual turnover of $1 billion can generate in excess of $32 million in savings by obtaining spend visibility,” it is the promise of their answering the volume versus true intelligence question, and what it means in terms of doing a better job that is the main draw for me.
It is also the likely reason why Kelly highlighted it as a must attend webinar on Monday.
The webinar is scheduled for Wednesday 29 April 2015 | 11:00 am – 12:00pm EDT | 4:00 pm – 5:00pm BST.
Use the following link to register: http://www.rosslynanalytics.com/blog/2015/03/24/webinar-five-ways-you-can-deliver-new-levels-of-savings-through-an-opportunity-analysis/
Check back here on Thursday to hear my thoughts on the webinar.