Data Analytics: So Easy a Cow Could Do It?

In the age of technology, there is no limit to the applications of data and data analytics. This spans company type, region and industry. This includes, yes, dairy farmers. Not exactly an industry that some may think has a wealth of data available, or has the skill set or capabilities to analyze the data even if it was available. Well, many farmers are proving that stereotype wrong as they have adapted their business strategy and adopted data-driven business decisions.

According to an article in the Wisconsin State Farmer, one particular dairy farm saved $70,000 on seed and fertilizer in 2018 by making business decisions based on the data interpreted from a computer program designed specifically for tracking various statistics and data sets on dairy farms. Those results were significant savings for that family dairy farm.

They aren’t alone either. The movement towards data-driven business decisions has taken over their industry. According to the Wisconsin State Farmer, a startup company called the Farmers Business Network was actually founded on the idea of bringing data to independent farmers across the continent. As of April 2019, they have nearly 8,000 farmers participating as members, covering 30 million acres of cropland across North America.

Farming is not the only industry changing business decision-making based on new data that is available to them. Big data analytics are being used across all industries for things such as supply chain management, profitability analysis, inventory control and selling, general, and administrative costs evaluation. How are you using data analytics to transform your business? 

For more information, see: www.wisfarmer.com

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2019 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on

Data Analytics BY Eric Davis
Analytics, Projections and Cannonballs into the River
Data: The 21st Century Building Material
Minimizing Higher Ed Risks - Utilizing Internal Audit and Data Analytics
NFL Draft by the Data: So you're saying there's a chance?
Data Analytics | Pittsburgh Technology Services
Data Analytics | Pittsburgh Technology Services

Register to receive our weekly newsletter with our most recent columns and insights.

Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us

contact us

Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062