Accenture Academy Blog
The amount of data generated globally doubles every two years. In 2012, the world created a staggering 2.7 zettabytes of data, and this figure is expected to surmount 86 zettabytes by 2022. Meanwhile, businesses struggle to maintain their competitiveness in a shifting world of globalization, rapid technical development, and competition.
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If you are a decision maker or support decision makers, you grapple with growing complexity and uncertainty in an increasingly globalized world. Simulation analysis offers powerful methods to drive value-creating decisions from data. Whether you are deploying physical facilities, information systems, or complex new processes, simulation offers a powerful method for gaining insight and optimizing performance. With a grasp of simulation analysis fundamentals, you will understand how to optimize complex systems such as factories, trading markets, information networks, consumer marketing initiatives, transportation centers, and business logistics processes.
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The swell of interest in business analytics and big data has propelled many organizations to rapidly adopt analytics technologies and to hire data scientists. However, rushing to implement analytics risks stalled or failed efforts if best practices and careful planning are ignored.
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