Transformation will start when data and machines and devices start to talk to each other. This is where data analytics will start to change in sectors such as logistics, environment management, healthcare and operations. It will help improve the way how we do things and improve lives. The opportunities are tremendous in this new field.
As Singapore is positioning itself to take advantage of these opportunities, with its aspirations to become a smart nation using data analystics and lead the world in the use of analytics to improve people’s lives. By using data analytics helps to solve issues before they become problems.
With the growing importance of OR technology and application, with the rise of analytics and big data. Many mega engineering projects in the region are looking for ways to improve the way how information was uploaded and displayed to them. This increase the system’s analytical capabilities allowing for quicker and more informed decisions to be made.
Data analystics in operations builds an good relationship with our subjects and understood what they were trying to achieve and provides a rational framework for decision making by breaking down the process into components with respect to an overall goal and coming up with an solution to assist the operations
As new technologies and concepts of operations have evolved, resulting in systems becoming highly interconnected and interdependent. Multiple and complex interactions among systems that are part of a larger system are expected during operations. Systems evaluation which requires assessing the operations worth of a system in an operational scenario has thus become more challenging. Methodologies such as operations analysis and simulation techniques have been adopted to complement in the evaluation process.
Singapore is already a logistics services hub and the industry is already a big user of data in the supply chain which is one of the pillars of the Singapore economy. Through data provided by various systems which is backed by a secure and scalable data exchange. Through the data, companies know how to manage the supply chain process more effectivity and can inject and divert distribution where necessary
Logistics stakeholders able to discover and debate the implications of this impending revolution in data analytics on analysing the data enables industries to improve systems and boost efficiency, which lead to higher productivity and, in turn, lower unit costs for customers.
Current forecasting base on RF technology for Sense and Response Logistics has its own limitations. However with video analytics takes this a step further, the same camera data can be fed through machine learning algorithms to teach an intelligent stock management system to predict when a resupply will be needed. Eventually, the theory is, warehouses and distribution centers will effectively run themselves with very little need for human interaction.
Healthcare is one of the sectors where there are tremendous opportunities for Singapore tech companies to develop solutions through data and analytics.Healthcare is an example of an area where there are local and global opportunities to push the use of data analytics to improve people how they live. Example of healthcare, where Singapore is harnessing data and analytics to transform the way certain chronic diseases are being managed. For example, instead of having diabetic patients spend extended periods of time in hospitals, there are other ways of providing them with care in a meaningful way while offloading some of the strain on the healthcare infrastructure.
Analytics can be used to determine the patient’s condition and give advice on lifestyle choices the patient should choose base on the environment in which they live and work. Through that, better understand their behaviour. Cases where the data suggests that patient is likely to forget to take his medication, healthcare providers can devise a way to remind him to do so.
Environmental and Water Resources
To address the most pressing water and environmental issues confronting the singapore today. Data analystics offers insights on high-impact research and specialist consultancy services to help governments, businesses and communities make vital decisions on these important issues.
By using Quantitative Environment Simulation Tool, the data will simulate how urban micro-climate and thermal comfort change with future urban development and different climatic conditions and it gives an insight of different types of urban planning and how effective the recommended interventions design interventions will be base on the data anaylsis.
These datas allow for quick identification and quantitation of volatile effects in the various environmental samples, which is key in investigating and understanding the relationship between these metabolites and the environment effect.