Big Data Analytics

Abstract

As the magnitude of accessible data grows, a multitude of business intelligence (BI) tools have emerged, all of which may be together referred to as big data analytics (BDA). BDA in supply chain management-related activities is essential because it can manage global, complex, tempestuous, and dynamic value chains. The powerful influence of big data (BD) capabilities on supply chain (SC) and overall company performance is attracting operations management researchers, who see them as having a significant impact on supply chain and company performance. This chapter discussed the importance of big data analytics and connected it with its significance in the supply chain context. The authors demonstrated how big data analytics (BDA) is a critical success element for an organization in the global and dynamic market. This chapter also highlights some of the barriers and challenges in implementing big data analytics in the supply chain.