The logistics and shipping industries can gather huge amounts of data across the supply chain for useful analytics. But the way this data is stored and shared has not always kept up with these advances in data collection. Lots of times, data is going unshared - a problem known as a data silo. This challenge is not unique to the transportation and logistics industry, however transportation and logistics may stand to gain the most from figuring out how to aggregate data and distribute it across the organization to improve business intelligence.
What are Data Silos?
Data is considered siloed when it isn’t shared or accessible beyond a certain department. Siloed data can prevent optimal decision making, which can cost you money. Data silos in logistics are often caused by legacy technology like EDI and recording data using spreadsheets. This data is often not usable for effective analytics and is siloed. What's worse is when businesses spend their energy and resources pooling data into spreadsheets, where it ultimately goes to die. Many businesses waste employees' times on data entry when they have no processes in place to be able to pull any value from the information gathered. When you lack the process to extract value from the data you are gathering, it is almost certain that you are also failing to distribute information in a cross-departmental manner that improves business intelligence.
UnSilo-ing Your Data
The best thing to do is to stop data from being siloed going forward. If your supply chain currently lives in spreadsheets, that probably sounds like a lofty and over simplified explanation of how to fix a significant problem. Even if your company is shipping using one of the "leading" TMS platforms, legacy systems are a big part of the problem regarding unusable data. since they don’t deliver information in real-time. Using a NextGen supply chain management platform platform like SwanLeap gives you real-time data transfer so companies can avoid siloing information from the get-go. Imagine all departments being able to log in to one system to see the information relevant to their role. From vendor management to purchasing to finance to the hard working people getting shipments off the dock, SwanLeap has the ability to un-silo all of your information and deliver valuable analytics that will inform how your company makes decisions, driving growth and efficiency.
The power and usefulness of data analytics are continuously improving. Eliminate data silos in your organization to use the full power of your data - and see results in efficiency and profits. SwanLeap Analytics can deliver the level of visibility and control your business demands.