The convergence of information technology and "big data" sifting algorithms has produced an era of systems and supporting tools that helps organizations make better decisions. Better decisions that will boost profits and cut costs. Norfolk Southern (the 4th largest U.S. railroad) is an example of the power of better decision making support tools. The company uses customized software to monitor rail traffic - - with the goal of reducing congestion and allowing trains to move at higher speeds.
The net result - - Norfolk Southern estimates that making trains run an average of
one mile per hour faster will save
more than $200 million. The potential of decision support tools combined with "big data" innovation is just huge - - the Next Big Thing.
Source - -
GE Heads West With $1 Billion to Spend,
Bloomberg Businessweek, April 30, 2012.
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