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Identified and potential issues
Walmart, a well-known user of Big Data analytics, is facing potential issues in dealing with data management. The advantage of using this powerful tool is that, it enables the company to make a structure flow and optimal efficiency in terms of storage, privacy, volume, customer service, and management. In terms of storage, Walmart’s real-time data has seen as key to achieve business performance [Pham 2016]. It incorporates philosophic approach of using real-time approach to determine whether the store has enough displayed on shelves by assessing consumers’ behavior. In return, it generates concepts and techniques to completely meet customers’ satisfaction. However, this will reduce the productivity and population of merchandising team in the store. As regards to privacy, it takes up a room for individual and operations’ advancement in order to efficiently process the relationship of information to another through simple word processing. The challenges of emergent and managing information technology resources are difficult and may cause large risks. For one thing is the privacy and security aspect [Marr 2016]. The latent grows for technology is considered to have a greater effect on business strategies, management and operation requirements. In turn, as it becomes more complex to process some data by programs which are non-friendly user.
Walmart develops a practical structure of data and knowledge management, and that collection of information and records of organization are systematically configured. Big Data analytics is indeed a very useful tool to managing records, organizing the data into more understandable way, and improving more of the network connectivity to be more reliable and transparent. The flexibility and operability of this system has easily analyzed the information and uncover the concealed relationships of figures or data to better understanding of record. Thus far, it is important that management categorize where control breakdowns could direct to possible material misstatements and that commands for major database be documented, assessed, and tested.
The market place of Walmart investment to different technology and program is considered an effective machinery of the company to global competition. With the company’s explored chain of locations, it has strong diversified cooperative business that is nonetheless incomparable with other retail company in the industry. With such process, the governing forces of a company take all of required procedures in ensuring that the progressive development is managed accordingly. Thus far, it has then able to produce the required reporting of data for the entire end-to-end actions, hence the accountability of management and staffs are transparent. Such that, management is helped making an assurance that the undesirable outcomes are noticed and suitably addressed. For such, operational managers have direction of dealing with the ways to how prices of products and services will be marked and how such products and services will be distributed to consumers.
Walmart’s usage of Big Data Analytics was noted to have backlogs [Seidman 2016]. As a matter of fact, it constantly faced challenges for continuous tactical maneuvers as regards data management and labor forces supervision. The likely case was that competitive profit may specifically achieve competitive implementation of center scheme and adapting attempts to contemplate on requirements of particular niche within the market and which completely permits access for tactical advantage.
References
Marr, Bernard. [2016] The Most Practical Big Data Use Cases Of 2016. Retrieved in Forbes dated October 20, 2016.
Seidman, Dov. [2016] Is Big Data Killing The Humanity In Our Companies? Retrieved in Forbes dated October 20, 2016.
Pham, Peter. [2016] The Impacts Of Big Data That You May Not Have Heard Of. Retrieved in Forbes dated October 20, 2016.
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