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Big data driven supply chain design and applications for blockchain

0/5 ( ratings)

Big data, big data analytics, and blockchain are game-changers capable of revolutionizing business transactions in many indus- tries. Big data analytics enables companies to plan and act ahead of market competitors and offers a competitive advantage to ﬁrms [3]. Various developments in big data infrastructure, analytics, and services help ﬁrms transform themselves into data-driven organi- zations [68,154]. According to market predictors, the big data as a service market is expected grow at a compound annual growth rate of 30.5% over the period 2010–2024, with annual rev- enues of US$40.7 billion by 2024 [87]. Similarly, the blockchain as a service market is predicted to grow from US$113.1 mil- lion in 2019 to US$3.021 billion by 2024 [88]. Big data emerges as the latest stage of evolution in this race of technological adop- tion. Big data combines three trends in computing, data, and convergence [122]. The volume of available data is the result of diverse devices employed at the periphery of industrial supply chain networks, including embedded sensors, smartphones, com- puter systems, and computerized devices in the bigdata environ- ment [2,125]. However, the beneﬁts of big data analytics are not yet fully tapped into, thereby making its study more relevant and novel in the supply chain literature [40,41].

Language: English

Pages: 88

Format: Paperback

Release: October 22, 2021

ISBN 13: 9798752048395

Big data driven supply chain design and applications for blockchain

0/5 ( ratings)

Big data, big data analytics, and blockchain are game-changers capable of revolutionizing business transactions in many indus- tries. Big data analytics enables companies to plan and act ahead of market competitors and offers a competitive advantage to ﬁrms [3]. Various developments in big data infrastructure, analytics, and services help ﬁrms transform themselves into data-driven organi- zations [68,154]. According to market predictors, the big data as a service market is expected grow at a compound annual growth rate of 30.5% over the period 2010–2024, with annual rev- enues of US$40.7 billion by 2024 [87]. Similarly, the blockchain as a service market is predicted to grow from US$113.1 mil- lion in 2019 to US$3.021 billion by 2024 [88]. Big data emerges as the latest stage of evolution in this race of technological adop- tion. Big data combines three trends in computing, data, and convergence [122]. The volume of available data is the result of diverse devices employed at the periphery of industrial supply chain networks, including embedded sensors, smartphones, com- puter systems, and computerized devices in the bigdata environ- ment [2,125]. However, the beneﬁts of big data analytics are not yet fully tapped into, thereby making its study more relevant and novel in the supply chain literature [40,41].

Language: English

Pages: 88

Format: Paperback

Release: October 22, 2021

ISBN 13: 9798752048395

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