The Impact of Big Data Analytics on Company Performance in Supply Chain Management

Abstract

Big data analytics can add value and provide a new perspective by improving predictive analysis and modeling practices. This research is centered on supply-chain management and how big data analytics can help Romanian supply-chain companies assess their experience, strategies, and professional capabilities in successfully implementing big data analytics, as well as assessing the tools needed to achieve these goals, including the results of implementation and performance achievement based on them. The research method used in the quantitative study was a sampling survey, using a questionnaire as a data collection tool. It included closed questions, measured with nominal and ordinal scales. A total of 205 managers provided complete and useful answers for this research. The collected data were analyzed with the Statistical Package for the Social Sciences (SPSS) package using frequency tables, contingency tables, and main component analysis. The major contributions of this research highlight the fact that companies are concerned with identifying new statistical methods, tools, and approaches, such as cloud computing and security technologies, that need to be rigorously explored.

Big Data, Big Data Analytics Capability, and Sustainable Innovation Performance

“…Many firms have invested heavily in big data with the aim of deriving important insights to gain sustainable competitive advantages. Recent literature has suggested that the innovation process need to create sustainable new capabilities such as big data analytics capability (BDAC) [1][2][3][4]. BDAC can help companies process the enormous amounts of available data to identify market opportunities, predict customer needs, and analyze customer purchase decisions [5,6].…”

“…Sustainable organizational growth and performance is becoming a hot topic in the literature. The literature has suggested that sustainable organizations need to create sustainable new capabilities such as BDAC [1][2][3][4]. Prior studies have suggested that big data is an important sustainable resource for enterprises because they need new technologies to manage and analyze massive data and information [3].…”

“…However, past studies suggest that if organizations do not pay attention to the sustainability of BDAC, the social impact will be temporary [2]. BDAC can promote sustainable development in many fields including the Internet of Things, social networks, sustainable development [1], and sustainable investment in supply chain [3].…”

Creating Sustainable Innovativeness through Big Data and Big Data Analytics Capability: From the Perspective of the Information Processing Theory

“…McAfee and Brynjolfsson [1] proposed that big data can be characterized according to the 3V's of volume, variety, and velocity. Other scholars have added two additional V's of veracity and value [14,26]. In this study, we define big data as large, complex, and real-time data streams that require complex management, analysis, and processing techniques to extract valuable information [10].…”

“…Since the rise of the Internet and the digital economy, big data has become the most important technological change in business and academia, bringing considerable benefits to business, scientific research, public management, and other industries [1,2]. Many scholars have proposed that big data is one of the most important resources for firms to achieve sustainable development [26,28]. For example, big data can use production processes and supplier information to increase productivity, reduce cost losses, and achieve sustainable corporate development [5].…”