Article Review. Quantitative Models for Decision Course. What Is Data Science? What is a Data Scientist? What is Analytics?

Data Science in the Global Supply Chain
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Data Science in the Global Supply Chain
The data science field is gradually becoming the most in-demand discipline in most sectors as it provides tremendous opportunities for experts to provide an edge in disrupting retail, healthcare, insurance, and banking industries. Data scientists are tasked with the role of turning an insurmountable level of unstructured data into information that can be used to make smarter decisions (Lo, 2018). This application has become relevant in the global supply chain where there are many procedures and if there is a lack of synchronization of different entities, the company can lose millions of dollars. Currently, data scientists are primal assets to global organizations because such firms have realized that exploiting data in the global supply chain can become a strategic as well as a competitive advantage.
Stiff competition in this arena has compelled the organization to seek ways of outclassing their opponents. In this case, several manufacturers have resorted to data science and congruent data mining to reduce their product life-cycle times. Thi...