Fortunately, the development of fifth-generation constraint-based programming has greatly simplified prescriptive analytics model preparation, and it’s no longer necessary to have advanced mathematical programming skills.
To illustrate the point, a recent paper from Ventana Research on supply chain planning revealed issues that companies using spreadsheet planning have experienced, including:
According to Supply Chain Digital Magazine, many manufacturers are falling behind with more than two-thirds of them being unable to provide data-driven analytical information to support their business decisions.
So, what are these trends telling us? First, they’re telling us that business units are becoming increasingly dependent on data science and analytics. It’s no longer enough to rely on IT to analyze complex problems. Secondly, there is a dire need for professionals who understand both how the business runs
