Keeping Your Eye on the Prize: What Formula One Can Teach Us About the RFP Process

摘要

Formula One (F1) is arguably the most data-driven sport that exists. Cars are equipped with approximately 150 sensors that generate 2,000 data points/minute-including tire performance, track temperatures, steering and braking patterns, and more. That amounts to roughly 4 terabytes of data per car per race. All this data is used to drive fast decisions on the track, where every second counts. Fast decision-making is also vital in business, so what can we learn from F1 teams about carrier procurement? In both racing and bid management, steering toward a successful outcome takes more than a skilled driver or purchasing manager. It takes a reliable network, powerful technology, and rapid-fire data exchange.