Big Data and IoT in Supply Chain
ABSTARCT :
The rapid advancement of technology has fundamentally transformed supply chain management, with Big Data and the Internet of Things (IoT) emerging as two of the most influential drivers of this change. The integration of Big Data analytics and IoT technologies into supply chain operations is revolutionizing the way businesses collect, analyze, and act upon vast amounts of information. Big Data refers to the enormous volumes of structured and unstructured data generated from multiple sources, which, when analyzed effectively, provides valuable insights for decision-making. IoT, on the other hand, involves a network of interconnected devices and sensors that communicate and exchange data in real-time, enabling continuous monitoring and automation across the supply chain.
Together, Big Data and IoT empower organizations to achieve unprecedented levels of visibility, transparency, and efficiency. These technologies facilitate real-time tracking of goods, predictive maintenance of equipment, and enhanced demand forecasting, thereby reducing costs and minimizing disruptions. The fusion of Big Data and IoT also supports better inventory management by enabling dynamic replenishment strategies and optimizing warehouse operations through automated systems.
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