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Big Data Analytics - SCM & Govt. Ops.

Presentation - Big Data Applications in Supply Chain Management and Government Operations

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itbt.nikhil
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20 views8 pages

Big Data Analytics - SCM & Govt. Ops.

Presentation - Big Data Applications in Supply Chain Management and Government Operations

Uploaded by

itbt.nikhil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Introduction to

Big Data
Analytics
Focusing on Supply Chain Management and Government
Operations & Functions.

- Presented by Nikhil A
Defining Big Data and
its Characteristics
1 Volume 2 Velocity
Massive amounts of data The speed at which data
generated from various is created, processed.
sources – viz., sensors,
social media and online
transactions.
3 Value
The benefits that
organizations can derive
from the data they collect

4 Variety 5 Veracity
N
The wide range of data The reliability and
types, including trustworthiness of the
structured, unstructured, data, which is crucial for
and semi-structured data. informed decision-
making.
Applications of Big Data in Supply
Chain Management
Demand Forecasting Inventory Optimization Route Optimization

Analyzing historical sales data, Leveraging real-time data to Using GPS data and traffic patterns
customer behavior, and market maintain optimal inventory levels, to plan the most efficient delivery
trends to predict future demand. reducing costs and minimizing routes, saving time and fuel.
waste.
Leveraging Big Data for
Efficiency in Government
Operations
Public Service Delivery Infrastructure
Maintenance
Analyzing citizen data to identify Predictive analytics to anticipate
needs and allocate resources and prevent infrastructure
more effectively to improve failures, reducing costs and
public services. downtime.

Fraud Detection Policy Optimization


Identifying patterns in data to Using data-driven insights to
detect and prevent fraud, waste, inform policy decisions and
and abuse in government measure the impact of
programs. government initiatives.
Predictive Analytics and
its Role in Government
Decision-Making
1 Data Collection
Gathering relevant data from various sources to build a
comprehensive dataset.

2 Data Analysis
Applying statistical models and machine learning algorithms to
identify patterns and trends.

3 Predictive Modeling
Developing models to forecast future outcomes and scenarios
based on the data analysis.
Challenges and
Considerations in
Implementing Big Data
Solutions
Data Security Infrastructure
Ensuring the protection of sensitive Investing in the necessary hardware,
data and compliance with privacy software, and talent to handle large-
regulations. scale data processing.

Data Quality Change Management


Maintaining the accuracy, Ensuring organizational readiness and
completeness, and relevance of data enabling a data-driven culture for
for reliable insights. effective big data adoption.
Data Governance and
Privacy Concerns
Data Stewardship
Establishing clear policies and processes for data
management, ownership, and access.

Compliance
Adhering to relevant data privacy regulations and
industry standards to protect sensitive information.

Ethical Use
Ensuring the responsible and transparent use of data,
balancing insights with individual privacy.
Conclusion and Future
Outlook
As the volume, velocity, and variety of data continue to grow,
organizations that effectively leverage big data analytics will gain a
significant competitive advantage. The future of big data holds
immense potential for transforming industries, improving
government operations, and enhancing decision-making across all
sectors.

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