Business processes have become more complex, new technology produces an overwhelming amount of data that requires real-time monitoring, and due to demographic and political influences the market grows both in size and scope. Automation and use of technology have been widely adopted in many industries to carry out core business functions, and technological advances are creating further new opportunities for transforming industries.

As businesses gain superior operational performance by improving quality and speed of production and service, the complexity of managing a large network of operations and difficulty in analyzing vast amount of data generated by business activities have emerged as new industrial challenges. Companies that are utilizing technology not only for core operational activities but also for decision making processes and adopting algorithmic supply chain management policies are leading the pace both in innovation and market growth.

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