A very insightful talk from Mark Elder, SIMUL8 Corporation’
By using big data with a platform like simulation, businesses will operate more efficiently and could provide services more economically. With an amount of data collected each day that dwarfs human comprehension, simulation could be the future of big data analysis. During the seminar Mark also covered topics like using simulation as a communication tool for better decision making and agile management.
Mark shared how to create insights to help decision makers ‘see the wood from the trees’ and gave several case study examples, from both the private and public sector. An example of an organization that had a 20% profit improvement and 5% increased productivity helped attendees understand that the vast amounts of data once analyzed can help improve processes.
With an ever increasing amount of data being gathered, it is important that this valuable data is systematically collected and stored and most importantly, analyzed. Therefore, SIMUL8 Corporation’