IBM and Singapore Economic Development Board (EDB) collaboratively launched the IBM Supply Chain Analytics Centre of Competency (CoC), the IT conglomerate announced on 16 August.
The CoC aims to develop analytics-based technologies to help organisations improve their supply chain. The centre plans to achieve this by gaining further insight from big data.
"Big data will not have much value without the appropriate tools to make sense of it. Analytics do just that, it enables companies to turn data into a source of knowledge.With this insight, companies can predict problems before they occur, take necessary preventive measure and develop long term solutions," said EDB managing director Yeoh Keat Chuan.
Fran O'Sullivan, general manager Integrated Supply Chain for IBM stated that by implementing 27 of its own analytics projects, the company was able to save US$50 million globally internally in 2011.
IBM chose to base the centre in Singapore as most of its supply chain processes are already established in the country, according to the statement.
The newly launched analytics centre will be based in IBM's Singapore Technology Park, one of only two manufacturers of high end servers for IBM in the world.
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