In today’s competitive marketplace, development of information technology, rising customer expectations, economic globalization, and the other modern competitive priorities have forced organizations to change. Therefore, competition among enterprises is replaced by competition among enterprises and their supply chains. In current competitive environment, supply chain professionals are struggling in handling the huge data in order to reach integrated, efficient, effective, and agile supply chain. Hence, explosive growth in volume and different types of data throughout the supply chain has created the need to develop technologies that can intelligently and rapidly analyze large volume of data. Big data analytics capability (BDA) is one of the best techniques, which can help organizations to overcome their problem. BDA provides a tool for extracting valuable patterns and information in large volume of data. So, the main purpose of this book chapter is to explore the application of BDA in supply chain management (SCM).
Part of the book: New Trends in the Use of Artificial Intelligence for the Industry 4.0
Companies and industries are faced with a huge amount of raw data, which have information and knowledge in their hidden layer. Also, the format, size, variety, and velocity of generated data bring complexity for industries to apply them in an efficient and effective way. So, complexity in data analysis and interpretation incline organizations to deploy advanced tools and techniques to overcome the difficulties of managing raw data. Big data analytics is the advanced method that has the capability for managing data. It deploys machine learning techniques and deep learning methods to benefit from gathered data. In this research, the methods of both ML and DL have been discussed, and an ML/DL deployment model for IOT data has been proposed.
Part of the book: Social Media and Machine Learning