Tap into Big Data’s True Potential with Partstat’s API

Not long ago, Big Data was nothing more than a tech industry buzzword, not far removed from where terms such as blockchain are today. It incited excitement as to the possibilities and implications for the future of the manufacturing industry (and business as a whole), but the means to access, analyze, and incorporate such data’s insights into day-to-day processes was not quite there – at least not in any realistic form.

Fast-forward to today, and look at how the landscape has changed. Supply chain processes, sales, marketing, nearly every macro-level initiative made in the modern world is made on the back of insights gathered from Big Data. In the manufacturing world, Big Data has completely transformed the modern supply chain on a fundamental level by prioritizing efficiency and cost without sacrificing an OEM’s commitment to quality. But while we have made great strides in offering manufactures avenues to access Big Data itself in a raw form, we still have a ways to go maximizing it to its full potential.

There are a few reasons for this. First of all, while Big Data in any industry is readily available from a variety of sources, these sources make you pay for it – commonly to the tune of tens of thousands of dollars. And while this scale of this data may be breathtaking in its breadth and minutia, not all of it is going to be directly related to what the company is trying to accomplish. Uncovering trends and insights takes a significant investment of time and personnel, and if these investments are underestimated, it could potentially undermine the very efficiencies Big Data implementation aims to enhance.

Partstat’s API aims to give OEMs who are seeking to incorporate Big Data into their inventory sourcing procedures a seamless, flexible platform that is compatible with virtually any ERP system without the need to create new software from scratch. Instead of “dumping” mass quantities of information on customers with no structure or filter, the Big Data we provide comes in the form of graphs and trending charts on individual parts that can be accessed with a quick query and easily analyzed. With one search, over 50 billion data points including real-time information such as unique URLs, data sheets, order quantities, component lead times, pricing, product descriptions and specs, and packaging protocols are at your supply chain’s disposal. And all of this is offered at a price that is accessible to any OEM regardless of size or budget.

As of this writing, our data pool consists of information on over 21 million unique parts from uploaders such as Mouser, Digi-Key, Avnet, and Arrow. It’s a value that remains unmatched in the manufacturing industry.

For more information on the benefits of implementing our API for your company’s use, just give us a call at (844)-200-0789, or send us an email sales@partstat.com.