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Since its inception half a decade ago, Big Data has revolutionised everything from football to transportation, and logistics is one of the fields where big data brings an incredible potential. The complex and dynamic nature of logistics makes it the perfect use-case for big data application, and it is changing the way a lot of organisations operate. It has changed the way we collect, process and analyses data, and its disruption is so essential that some even call it “the electricity of the 21st century”, a new kind of power that is transforming businesses, governments and private life.
Information Processing, the Rise of Analytics Platforms
Big data is characterised by the “3V’s” – volume, velocity and variety. The volume is rather self-explanatory: big data wouldn’t be “big” if it weren’t for the huge amount of data collected. The velocity stands for the speed at which data gets generated, while the variety refers to the diversity of sources where data is retrieved from. All this is what is really disrupts the logistics sector, which had been for a long time driven by statistics and performance indicators, now operating with more real-time analytics.
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