The IoT and Big Data in the Logistics Development. Crude Oil Transportation in the Arctic Zone Case Study

The following contribution illustrates effects and potentials that digitalization has on the supply chain. Supply Chain Management itself is considered to be a tool for visualization, optimization and synchronization of various groups of processes within an enterprise, while its digitalization can potentially increase this influence. Such digital technologies as Big Data and Internet of Things in combination create new possibilities for a closer interlinking of participants as well as wide-ranging potentials for an optimization of supply chain planning and logistics management. Similarly, the paper aims to recognize the impacts of Big Data Analytics on information usage in a corporate and supply chain context as it is imperative for companies’ logistics management to access to up-to-date, accurate, and meaningful information. Moreover, such information becomes extremely relevant when working with information that depends on constantly changing external factors, for example, severe climatic conditions. The study highlights the case of the Arctic zone, where emerging technologies allows to optimize the process of oil transportation.