• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • SCB YouTube
  • Login
  • Subscribe
  • Logout
  • My Profile
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Supply Chains in Crisis
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • THINK TANK
  • WEBINARS
    • On-Demand Webinars
    • Upcoming Webinars
    • Webinar Library
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » Need for More Data Expected to Drive Growth in Advanced Information Collection Systems

Need for More Data Expected to Drive Growth in Advanced Information Collection Systems

December 5, 2013
Datalogic

This vision for future market growth was delivered by Bill Parnell, president and CEO of Datalogic, which offers solutions with fixed position retail scanners, handheld scanners and mobile computers.

"The objective in analyzing extremely large and diverse types of data is to uncover correlations and patterns, aiding fast decisions and improved business results. Business analytics focuses on why events are happening, what will happen next, and how to optimize the enterprise's future actions," said Parnell.

In the retail industry, for example, he sees the need for advanced data analytics being driven by a variety of applications which guide decision-making. Example applications include price and promotion optimization, store site selections using census data sets and satellite imagery, or in-store and online shopper behavior by tracking shopping patterns and purchases. If relationships between large and unrelated data sets are analyzed, new insights can be used to tune existing and future strategies to yield significant results improvement.

In terms of "big data", the data volumes are huge. Wal-Mart is one example where data collected and used to drive business analytics exceeds 2.5 petabytes. The data contained in about 1 million customer transactions is being collected every hour. Parnell stressed the need for new data collection solutions to intelligently collect the large volume and variety of data in these complex transactional environments.

The future of automatic data collection is going far beyond simply scanning barcodes. For instance, advanced high-performance imaging technology reads barcodes but also provides images that are the basis for item recognition systems using visual pattern recognition software. He also stated that benefits from business analytics are being seen in many other industries such as government, healthcare, and logistics while also serving as a catalyst to the development of more complex and higher performing data collection systems.

The end goal is to manage "big data" for better business and improved customer satisfaction. Next-generation advanced data collection devices, such as those from Datalogic, are crucial in providing the fuel for these analytical decision-support systems.

Source: Datalogic

    RELATED CONTENT

    RELATED VIDEOS

    Technology Consumer Packaged Goods High-Tech/Electronics
    KEYWORDS Bar Code and Voice Big Data business intelligence consumer packaged goods Datalogic High-Tech/Electronics RFID & Barcode Supply Chain Management supply chain management IT Supply Chain Management: RFID supply chain solutions Technology Wireless
    Datalogic

    Datalogic Mobile Partners With Skyhook on Windows Mobile Devices

    More from this author

    Subscribe to our Daily Newsletter!

    Timely, incisive articles delivered directly to your inbox.

    Popular Stories

    • A YELLOW CORP TRAILER IS BEING TRANSPORTED BY A FREIGHT TRAIN.

      Yellow Considering Offer to Revive Company, Rehire Thousands

      Global Logistics
    • A ROW OF MEDICAL DEVICES IN A WAREHOUSE

      Hospitals Face Mounting Shortages of Essential Medical Supplies

      Data Management (Big Data/IoT/Blockchain)
    • AMAZON TRUCK ON HIGHWAY

      Amazon is Now the Biggest Delivery Business in the U.S.

      Last Mile Delivery
    • GROUND VIEW OF THE SHANGHAI CITY SKYLINE BENEATH A BLUE SKY.

      China’s Slowing Economy Is Putting a Damper on Its Plans for Global Dominance

      Sourcing/Procurement/SRM
    • SHIPS SAIL THROUGH THE SUEZ CANAL

      The Panama Canal Is So Backed Up Ships Are Rerouting Through the Suez

      Ocean Transportation

    Digital Edition

    Scb nov 2023 lg

    2023 Supply Chain Innovation Award

    VIEW THE LATEST ISSUE

    Case Studies

    • A GRAPHIC SHOWING MULTIPLE FORMS OF SHIPPING, WITH A HUMAN STANDING AT THE CENTER, TOUCHING A SYMBOLIC MAP OF THE WORLD

      Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

    • A GRAPHIC OF INTERLACING HONEYCOMBED ELEMENTS REPRESENTING GLOBAL BUSINESS TRANSACTIONS

      Moving Robots Site-to-Site

    • JLL Finds Perfect Warehouse Location, Leading to $15M Grant for Startup

    • Robots Speed Fulfillment to Help Apparel Company Scale for Growth

    • New Revenue for Cloud-Based TMS that Embeds Orderful’s Modern EDI Platform

    Visit Our Sponsors

    Antuit Zebra Anvyl AutoStore
    BEUMER Group Blue Ridge Global Brightdrop
    Brother CHEP Cleo
    Coenterprise Comarch Data Capture
    E2open Enveyo Eva Air
    ForwardX Robotics Frayt GAINSystems
    Generix Geodis GEP
    Global Supply Chain Marketing Summit GreyOrange Here
    HICX Holman Logistics Infor
    Inmar Kinaxis Lexis Nexis
    Locus Robotics Logility LogistiVIEW
    Lucas Systems MCA Connect MCA Connect
    Moody’s Analytics MPO Old Dominion
    OneRail Overhaul PartnerLinQ (Visionet)
    Port of Virginia Rockwell Automation Ryder E-commerce by Whiplash
    Saddle Creek Logistics SAP Servicon
    Shyft Sourcemap SPS Commerce
    Tecsys TGW Systems Thomson Reuters
    Veho Verusen Walmart
    Workshop
    • More From SCB
      • Featured Content
      • Video Library
      • Think Tank Blog
      • SupplyChainBrain Podcast
      • Whitepapers
      • On-Demand Webinars
      • Upcoming Webinars
    • Digital Offerings
      • Digital Issue
      • Subscribe
      • Manage Your Subscription
      • Newsletters
    • Resources
      • Events Calendar
      • SCB's Great Supply Chain Partners
      • Supplier Directory
      • Case Study Showcase
      • Supply Chain Innovation Awards
      • 100 Great Partners Form
    • SCB Corporate
      • Advertise on SCB.COM
      • About Us
      • Privacy Policy
      • Contact Us
      • Data Sharing Opt-Out

    All content copyright ©2023 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

    Design, CMS, Hosting & Web Development :: ePublishing