Big Data-Driven Strategies for Growth in 3PL with Advanced IT Solutions
The focus of this paper is to examine how different big data initiatives support the development and operations of third party logistics providers. Focusing on the use of advanced technologies like IoT, AI, and ML in the context of 3PL, the research has the objective to show how these innovations enhance efficiency, operating cost, and customer satisfaction. Information gathered from live monitoring, use of algorithms or predictive techniques, and integration of logistics optimization techniques are used to highlight performance enhancement. According to the proposed model, the processes related to the utilisation of big data and IT solutions are divided into several categories: big data acquisition, cloud computing, and subsequent constant evaluation. This study reveals insights that 3PL providers can create a sustainable competitive advantage to the clientele firms by adopting accurate demand forecasting, improvement of routes, and optimization of supply chain visibility. Thus, the findings of this study add to the current literature and practice by enumerating effective big data technologies to apply in logistics management and showcasing how these advancements can catalyze sustainable development.
Authors
- Kottala Sri Yogi (ORCID: https://orcid.org/0000-0002-3671-7420)
- Ved Srinivas (ORCID: https://orcid.org/0000-0002-8190-1032)
- Dankan Gowda (ORCID: https://orcid.org/0000-0003-0724-0333)
- R. Kavitha
- N Suganthi.
- Attru HanumanthaRao
Institutions
- International Institute of Information Technology Bangalore (IN)
- Symbiosis International University (IN)
- Velammal Medical College Hospital and Research Institute (IN)
- Aditya Birla (India) (IN)
- Dr. Hari Singh Gour University (IN)
Publication Details
- Published
- 2024-08-23
- DOI
- https://doi.org/10.1109/acet61898.2024.10730276
- Citations
- 4
- Primary Topic
- Big Data and Business Intelligence
- Type
- article
- Field-Weighted Citation Impact
- 2.11