Analysis of the Impact of Big Data and Artificial Intelligence Technology on Supply Chain Management

Abstract

Differentiated production and supply chain management (SCM) areas benefit from the IoT, Big Data, and the data-management capabilities of the AI paradigm. Many businesses have wondered how the arrival of AI will affect planning, organization, optimization, and logistics in the context of SCM. Information symmetry is very important here, as maintaining consistency between output and the supply chain is aided by processing and drawing insights from big data. We consider continuous (production) and discontinuous (supply chain) data to satisfy delivery needs to solve the shortage problem. Despite a surplus of output, this article addresses the voluptuous deficiency problem in supply chain administration. This research serves as an overview of AI for SCM practitioners. The report then moves into an in-depth analysis of the most recent studies on and applications of AI in the supply chain industry. This work introduces a novel approach, Incessant Data Processing (IDP), for handling harmonized data on both ends, which should reduce the risk of incorrect results. This processing technique detects shifts in the data stream and uses them to predict future suppressions of demand. Federated learning gathers and analyzes information at several points in the supply chain and is used to spot the shifts. The learning model is educated to forecast further supply chain actions in response to spikes and dips in demand. The entire procedure is simulated using IoT calculations and collected data. An improved prediction accuracy of 9.93%, a reduced analysis time of 9.19%, a reduced data error of 9.77%, and increased alterations of 10.62% are the results of the suggested method.