Big Data Analytics
Which technology uses large datasets to identify patterns and predict future demand?
Big Data Analytics
What is the main purpose of recording transactions on a shared digital ledger?
To provide transparency and allow authorised participants to verify shared records.
A warehouse worker sees digital arrows overlaid on real shelves through smart glasses. Is this AR or VR?
Augmented Reality (AR).
Name TWO types of data a business could analyse to improve demand forecasting.
Historical sales, customer purchasing patterns, weather forecasts, social media trends or seasonal demand.
A food retailer discovers contaminated produce. How can blockchain help?
It can help trace the affected product batch back through suppliers and distribution stages, supporting faster recalls.
A new employee practises operating a forklift in a computer-generated warehouse using a headset. Is this AR or VR?
Virtual Reality (VR).
A delivery company analyses traffic and weather information to select better routes. Which supply chain process is being improved?
Transportation and logistics optimisation.
How can blockchain support sustainability in supply chains?
It can record and help verify product origins, supplier certifications and responsible sourcing information.
What is the key difference between Augmented Reality and Virtual Reality?
AR overlays digital information onto the real world, while VR immerses users in a completely simulated environment.
How can predictive analytics improve supply chain resilience?
It can identify potential disruptions, such as supplier delays or extreme weather, allowing businesses to prepare contingency plans.
TRUE OR FALSE: Blockchain guarantees that every piece of information entered into the system is accurate.
FALSE.
Name a couple of ways VR could help improve supply chain resilience?
It can simulate emergencies, machinery failures and other disruptions so employees can practise responding before real incidents occur.
A toy becomes viral on social media and demand suddenly doubles. Explain how a company could use Big Data to respond.
Analyse sales and online trends, forecast the increase in demand, adjust inventory and production, and coordinate additional supplier orders.
What is a smart contract in blockchain?
A programmed agreement that automatically executes when predefined conditions are met.
True or False: Augmented Reality (AR) completely replaces the real-world environment with a digital simulation.
FALSE. AR adds digital information to the real world, while VR replaces the real-world environment with a virtual one.