Big Data & Data Analytics

Big Data Applications, Challenges and Opportunities

Big data can enhance the discovery, access, availability, utilization and supply of information in companies and supply chains. It can help discover new data sets that have not yet been used to drive value. Big data applications process and manage large amounts of data, often measured in terabytes or more. Processing such large data volumes can be time-consuming, taking months to process. Challenges in big data are real implementation barriers. These require immediate attention and need to be dealt with, because if not dealt with, technical glitches may occur, which may also lead to some unpleasant results. Big data challenges include storing and analysing extremely large and rapidly growing amounts of data. Big data can reduce long-term costs, improve investment capabilities, and improve understanding of cost drivers and impacts.

• More integration and collaboration
• Strengthen logistics
• More Efficient Inventory Management
• improve risk management