How does big data help businesses?

Digital transformation is an inherent need for all businesses to reduce costs and increase efficiency.

1. It can reduce the cost of enterprises. The white paper "The Impact of the Fourth Industrial Revolution on the Supply Chain" released by the World Economic Forum at the International Supply Chain Conference in October 2017 points out that digital transformation will reduce the cost of manufacturing enterprises by 17.6% and increase revenue by 22.6%, reduce the cost of logistics services by 34.2% and increase revenue by 33.6%, and reduce the cost of retailing by 7.8% and increase revenue by increased by 33.3%.

2. It can improve the efficiency of enterprises. Internet services directly cause the concentration of computing services, information services, and further promote the concentration of various types of service resources, making the centralized, open-type service platform has a lot of room for development. According to research, enterprises operating in the mode of "data-driven decision-making" can greatly reduce the complexity and uncertainty of the intelligent manufacturing system by forming an automated data chain and promoting efficient collaboration in all aspects of production and manufacturing, and their productivity can generally be increased by 5%-10%.

3, the road to enterprise process reengineering. In the digital environment, enterprises are in a criss-cross network relationship, in the face of scattered network nodes, the integration of multiple resources platform-type industrial organizations came into being, the enterprise value creation model from the traditional linear to the chain, the transformation of the network, so that the traditional way of competition between enterprises tend to be ecological, platform.