LOG301 Information Management for Supply Chains

With the growing demands of the global economy, companies must find ways to leverage the information  systems  previously  described,  which  they  either  already  have  in  place  or  are currently  installing  to  manage  information  flow  in  their  supply  chains.  The  increasing computational power, developed by scientific and technological breakthroughs, contributes to the  ability  to  analyse  much  bigger  data,  leverage  more  statistical  algorithms,  and  explore theoretical  models.  Advances  in  technology  enable  companies  to collect  and  analyse  data, which were previously not accessible, to either enhance existing business processes or create new onesExamine how big data analytics and Internet of Things (IoT) are being utilised in the logistics  industry  to  drive  process  and  performance  improvement  based  on  the  given case. Your answer should include but not be limited to:ï‚·definition and applications of big data in logistics industry, as well as challenges of implementing big data in logistics industry;ï‚·implications of big data analytics and IoT in Company Aï‚·drawing  a  sketch  to  indicate  technologies  adopted  by  Company  A  and  the information   flows   among   these   IoT-based   technologies   with adequate elaborations(Note that Figure 1 in the given paper is not the complete answer); andï‚·summary of the findings.