![]() “Democratizing data doesn’t just make data available to everyone. The overarching mantra is translating data to insights to meaningful action.” The critical factor, he says, is to democratize data. “Capabilities such as dashboards and reports are necessary to deliver a clear picture of all business operations that enable day-to-day and strategic decision-making. The need and speed to this information facilitates decision-making, helps identify areas for improvement and growth, and helps gain an overall view of the company’s health.”Ĭarrico goes on to explain how LBM dealers are looking for technology solutions that store critical business information, aggregates data, and presents the information in an intuitive, user-friendly format that is accessible to all areas of the business. “Data that’s managed by functional areas within businesses that may be hosted in various disparate systems. “One constant that we have identified is not technology-based per se, but rather the need for real-time access to enterprise-wide data,” says John Carrico, vice president of product management for Epicor. In the world of LBM technology, nothing stays the same for very long, and emerging tech trends point to increasing the availability and accessibility of the data the various tech platforms are amassing. And while detecting earthquakes may not be high on the list of problems LBM dealers daily face, having the ability to identify areas of potential growth and better provide a seamless transaction for customers is what technology platforms for the LBM industry are poised to provide. Although we still cannot accurately predict earthquakes, we have come a long way in creating technology that can gather data which can be used to predict business upheavals and better plan for future action. ![]() The sound of the ball striking one of the eight toads would alert observers to an earthquake and would give a rough indication of its direction of origin. Directly beneath the dragons sat eight bronze toads, with their broad mouths gaping to receive the balls. Eight dragons, each marking a primary compass direction, wound down along the outside of the vessel, and each one held in its mouth a small bronze ball. Zhang’s creation was a giant bronze vessel almost 6 feet in diameter. For example, in ancient China in 132 AD, an astronomer, mathematician, engineer, and inventor called Zhang Heng constructed a device to predict earthquakes-possibly the most catastrophic event known to man. Having the power to predict catastrophic events such as economic downturns or product shortages would be the dream of any LBM dealer, but it’s far from a modern desire.
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