Predictive data analytics in business strategy optimization: A systematic literature review
DOI:
https://doi.org/10.55873/rad.v4i1.365Keywords:
big data, business strategies, decision making, predictive analysis, resource optimizationAbstract
The article presents a systematic review on the use of predictive data analytics for optimizing business strategies, highlighting how this tool enables companies to anticipate trends, improve strategic decision-making, and enhance operational efficiency. However, the study highlights significant challenges, particularly in managing large, unstructured data sets and ensuring their seamless integration into existing business processes. The need for advanced computational resources and technical expertise is also noted as a barrier to widespread adoption. Despite these obstacles, predictive analytics remains a key tool for businesses aiming to achieve competitive advantages in an increasingly data-driven market. The review is based on a search of databases such as Scopus, Web of Science and IEEE, resulting in the selection of 15 key studies. The article concludes that, while predictive analytics holds reat potential to enhance business performance, it still faces challenges related to data integration and technological infrastructure.
Downloads
References
Aljohani, A. (2023). Predictive Analytics and Machine Learning for Real-Time Supply Chain Risk Mitigation and Agility. Sustainability, 15(20), 15088. https://doi.org/10.3390/su152015088
Aquino-Arrieta, K., Fernandez-Mejia, F., Cespedes-Blanco, C., Raymundo-Ibanez, C., & Alvarez, J. M. (2020). Business Architecture Model Adapted to Predictive Analysis for Customer’s Increasing of SMEs of Furnitures Industry through Digital Tools. 2020 9th International Conference on Industrial Technology and Management (ICITM), 176-180. https://doi.org/10.1109/ICITM48982.2020.9080370
Bag, S., Wood, L. C., Xu, L., Dhamija, P., & Kayikci, Y. (2020). Big data analytics as an operational excellence approach to enhance sustainable supply chain performance. Resources, Conservation and Recycling, 153, 104559. https://doi.org/10.1016/j.resconrec.2019.104559
Farooque, M., Zhang, A., Thürer, M., Qu, T., & Huisingh, D. (2019). Circular supply chain management: A definition and structured literature review. Journal of Cleaner Production, 228, 882-900. https://doi.org/10.1016/j.jclepro.2019.04.303
GhorbanTanhaei, H., Boozary, P., Sheykhan, S., Rabiee, M., Rahmani, F., & Hosseini, I. (2024). Predictive analytics in customer behavior: Anticipating trends and preferences. Results in Control and Optimization, 17, 100462. https://doi.org/10.1016/j.rico.2024.100462
Jeble, S., Dubey, R., Childe, S. J., Papadopoulos, T., Roubaud, D., & Prakash, A. (2018). Impact of big data and predictive analytics capability on supply chain sustainability. The International Journal of Logistics Management, 29(2), 513-538. https://doi.org/10.1108/IJLM-05-2017-0134
John, J., Joseph, J., Mathew, L., James, S., & Jose, J. (2024). Exploring the Predictive Analytics Frontier in Business: A Bibliometric Journey. Journal of Scientometric Research, 13(2), 365-381. https://doi.org/10.5530/jscires.13.2.29
Manzoor, A., Atif Qureshi, M., Kidney, E., & Longo, L. (2024). A Review on Machine Learning Methods for Customer Churn Prediction and Recommendations for Business Practitioners. IEEE Access, 12, 70434-70463. https://doi.org/10.1109/ACCESS.2024.3402092
Nagarajan, G., & L.D, D. B. (2019). Predictive Analytics On Big Data - An Overview. Informatica, 43(4). https://doi.org/10.31449/inf.v43i4.2577
Rahman, M. S., & Reza, H. (2022). A Systematic Review Towards Big Data Analytics in Social Media. Big Data Mining and Analytics, 5(3), 228-244. https://doi.org/10.26599/BDMA.2022.9020009
Rodrigues, L., & Givigi, S. N. (2024). Predictive Analytics: An Optimization Perspective. IEEE Access, 12, 106983-106995. https://doi.org/10.1109/ACCESS.2024.3434617
Sheng, J., Amankwah-Amoah, J., & Wang, X. (2017). A multidisciplinary perspective of big data in management research. International Journal of Production Economics, 191, 97-112. https://doi.org/10.1016/j.ijpe.2017.06.006
Singh, R., Sharma, P., Foropon, C., & Belal, H. M. (2022). The role of big data and predictive analytics in the employee retention: a resource-based view. International Journal of Manpower, 43(2), 411-447. https://doi.org/10.1108/IJM-03-2021-0197
Tavera Romero, C. A., Ortiz, J. H., Khalaf, O. I., & Ríos Prado, A. (2021). Business Intelligence: Business Evolution after Industry 4.0. Sustainability, 13(18), 10026. https://doi.org/10.3390/su131810026
Yeboah-Ofori, A., Islam, S., Lee, S. W., Shamszaman, Z. U., Muhammad, K., Altaf, M., & Al-Rakhami, M. S. (2021). Cyber Threat Predictive Analytics for Improving Cyber Supply Chain Security. IEEE Access, 9, 94318-94337. https://doi.org/10.1109/ACCESS.2021.3087109
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Ríos-Cuadros, Marco Alejandro , Boris Jean Piere Gonzáles-Rivera , Divaldo Etsuo Medina-Coaquira , Yngue Elizabeth Ramírez-Pezo

This work is licensed under a Creative Commons Attribution 4.0 International License.



