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Following is the conversation that CIO Applications had with Mike Palmer, the CEO of Sigma Computing.
How is Sigma Computing making a difference in the Supply Chain Management space?
We use an interface that people already know—the spreadsheet—to make the process of working with huge amounts of data faster and more approachable for business people. This means real results for our supply chain users. We’re seeing reported improvements such as 7X faster delivery of reports, 50 percent savings on BI resources, thousands of dollars saved per report produced, and reports that used to take an hour or more to run executing on Sigma in only ten seconds.
What sense do you get of the challenges they face now in the Supply Chain Management space, and how is Sigma Computing effectively addressing these issues?
Supply chain leaders are in a race to find the optimal intersection of efficiency and reliability. Their best efforts, however, are constantly thwarted by life; they are a great example of Mike Tyson’s ‘everyone has a plan until they get punched in the face.’
The reality for many is that they must work reactively, making decisions in real-time as the facts on the ground change. To do this, you need facts. You cannot box, fight a war, or win a game, with asynchronous information, or worse, delayed information. But supply chain professionals are compelled to do this as standard operating practice. How many have real-time views into point-of-sale systems? What about scenario models showing the potential shifts, including those caused by the enterprise (discounting) or those not (macroeconomic events)?
Sigma arms supply chains leaders and practitioners with the ability to see live data broadly, from demand to supply, in an easily understood spreadsheet format, to update information in real-time in the database of record, collaborate with third-party partners and run scenarios to better prepare for the inevitable changes to the plan. We build a “zero lag time” environment linked to existing workflows. This is not possible with last-generation business intelligence systems. Sigma is built for a zero-lag-time world, where seconds matter and can significantly impact business results. By eliminating the need to move data out of the warehouse, the need to model data, and the need to have dedicated data experts build each report the business needs, Sigma lets supply chain management react immediately. The second they see a potential threat, they can add new data, explore all the data without boundaries, and perform a “what-if” analysis to determine the impact. This simply isn’t possible outside of Sigma.
Just a few years ago, if you wanted to use data to drive business decisions, you followed a common set of steps: you’d find your data sources, build data pipelines, store that data, build data models so your analytics wouldn’t choke on the volume, and only then could you start analyzing. The cloud changed all that. There’s no longer a need to move your data around—now, it stays in the data warehouse. There’s no need to build complex data models—the performance of the modern cloud data warehouse reduces the need to pre-plan every question you might ask and reduce the amount of available data for roll-ups and subsets. On top of the power and scale benefits provided by the cloud itself, Sigma gives users a fast, easy, and flexible interface to all of that cloud data.
With Sigma, business people who aren’t necessarily “data experts” can work with huge volumes of data in a way with which they’re already familiar—spreadsheets and workbooks. They can perform pivots, lookups, column math and operations, and other tasks that would be slow and complicated in a business intelligence tool with little to no training inside Sigma. At the same time, data experts get a new way to work with the business. Instead of the old-fashioned “gather requirements - build - hope you got it right - rebuild it” cycle they’ve been forced to live with, they get to work collaboratively with business teams. The business can mock-up or prototype what they need; the data teams can validate and adjust where needed and even use the SQL code that Sigma creates—no requirement gathering, no guessing, no lag time from need to solution.
For supply chain teams, this means one thing: speed. These teams cannot afford to play the “here’s what I need, I hope it gets built right before the situation changes” game that’s been going on for years. They need to incorporate the latest data quickly and efficiently in order to get the right things to the right places at the right time as efficiently as possible. That can’t happen when it takes days to get data ready, a few more days to prepare the analysis, and yet a few more to get the supply chain management team upto- speed on what’s been built. Sigma kills all that lag time and shortens the time from the realization of a data need to the delivery of a data solution. One additional note: All of this can also be done with partners. We are entering a world in which planning will happen on live data, with full collaboration features and enterprise-grade security. Sigma not only enables the internal team but rather the entire supply chain.
What, according to you, are the distinct features of Sigma Computing /differentiating factors that give it a competitive edge?
We’re not a business intelligence solution!
With Sigma, business people who don’t have the time to learn complex tools can work with huge volumes of data in a way with which they’re already familiar—spreadsheets and workbooks
The only problem is that spreadsheets were designed for a time of limited data, not the modern era of massive data sets. Sigma, however, is like an infinitely flexible spreadsheet that was built for today’s massive cloud data sets. It lets users perform data analysis as they might in a traditional BI tool, but without all the drawbacks of those systems. It gives users the flexibility of the spreadsheets that they already know how to use while allowing them to analyze truly massive data right where it lives—in their data warehouse—without the need to move that data or perform cumbersome data modeling. It’s not BI, it’s not a spreadsheet. Sigma is a reimagining of the way business teams operate with data at the pace that today’s supply chain management leaders demand.
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