Professional Documents
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ISSN No:-2456-2165
Abstract:- Big data analytics (BDA) pledges that chain-related RFID, and other technologies create a massive
information could be categorized and analyzed into quantity of data. The convergence of several trends, such as
valuable data for small businesses and enterprises to the IOT and other innovations, as well as the decreasing cost
transform into big data related knowledge and effective of data collection, storage, and computing, are all boosting
decision making cascades, by enlightening the the growth of massive amounts of data which is called big
performance of firms during and after the unprecedented data analytics. The primary asset of SMEs is the vast quantity
conditions like COVID-19. Administration of data of data known as big data. Its abilities and procedures are
spawned from BDA, its integration and combination with rapidly impacting entrepreneurship and innovation, offering
business knowledge have hardly been investigated, SMEs with considerable competitive advantages (Frederico,
despite of emergent, integrated, and structured 2021).
approaches. This article aims to explore these challenges
and figure out the possible remedies. Through an Small and medium-sized businesses (SMEs) are the
empirical analysis based on the contents of literature primary contributors to a country's wealth, and they aid in the
previously published in various journals the researchers enrichment of ideas and discoveries. SMEs are said to have
evaluated the BDA capabilities to cope with the pandemic aided a country's economy because they account for half of
and their emergence after the pandemic. The findings all jobs and 90% of all businesses globally. On both supply
suggest that the SMEs that developed technological and demand side, the COVID-19 epidemic has harmed SMEs
advancements in their business models are resilient and (Kumar et al., 2021c). On the supply side, SMEs saw a
sustainable after the COVID-19 due to the ability to decrease in labor, raw materials, and other items. The
incorporate innovations in their operational architecture. disruption of supply networks led to a scarcity of intermediate
So, it could increase the efficiency that is based on the items. On the demand side, a rapid drop in demand harmed
technology and innovations and playing a significant role SME operations and resulted in an artificial cash shortfall.
in revenue generation for the firm. This research will Although all businesses were affected by the COVID-19
explore new windows for the success of SMEs by utilizing epidemic, SMEs were more vulnerable and less resilient
the innovation in ICT and incorporate it into their because to their small size and limited resources. Much
business models. research has shown that SMEs may survive the COVID-19
pandemic by developing their supply chain utilizing
Keywords:- Big data analytics, SMEs, ICT, Knowledge contemporary technologies such as industry (Ufua et al.,
management, Business models. 2022). However, no studies have looked at how vast the data
driven innovations may assist SMEs in maintaining their
I. INTRODUCTION logistics operation in the post COVID age with the aid of
associated leaders (Kumar et al., 2021b).
The epidemic of COVID-19 has left a negative impact
on global and national economy. During the crisis, all II. DATA ANALYTICS
businesses have faced a slew of issues. Supply chain
interruption, a major drop in demand, a lack of raw materials, The systematically computation and analysis of data is
the rejection of external demand, and significant transport called analytics. It's a device for realizing, communicating,
interruption are just a few examples. It is important to note and interpreting significant pattern in specific statistics. It
that SMEs are concerned about skill shortages, financial also entails utilizing the data pattern to do more
concerns, and management issues (Kumar & Ayedee, 2021). knowledgeable assessments. Organizations and individuals
In this circumstance, SMEs turned COVID-19 apocalyptic utilize this to bring about sense of BDA. Primary data is
victims since they were unable to appropriately fight against frequently investigated by the analysts for patterns and
these chaotic situations, which lasted longer than expected. insights (Maroufkhani et al., 2022). The manufacturing
Furthermore, SMEs are shown to be largely reliant on the industry is facing a profound IT and smart advancements
regular financial transactions with a small figure of clients. In transformations, which will offer on demand computation
such a COVID-19 situation, SMEs frequently result in lost analysis with precise scalability, availability, and
sales or face major supply chain management restrictions reliability in a cloud environments. It is anticipated becoming
(Alharbi, 2022). Data-driven innovativeness pillar of a key enabler for production industry, reshaping business
development, particularly for SMEs. Sensors, IOT, supply models, assisting in the alignment of product innovations
The figure reports the conceptual framework of the published articles cited and which sources cited the articles,
research by figuring out the problems encountered by SMEs 6 additional articles were added to the collection of literature
around the globe and proposing a novel model that could be that met the selected search criteria. 4 additional articles were
implemented to cure these challenges to face post COVID identified through other sources. The study is based
scenarios in a minimum possible time span to increase the exclusively on articles published in reputable scientific
productivity and revenue generation of SMEs for the journals. Article abstracts were thoroughly reviewed for
betterment of global economy and uplift of the workers analysis and cleaning to ensure the quality and relevance of
associated with SMEs. the scientific literature included in the review process. At a
later stage, a careful evaluation of the individual research
IV. METHODOLOGY papers was conducted. The quality of published articles from
other scientific journals, were evaluated with the Journal
For this systematic literature review a search strategy Impact Factor. For this purpose, the journal citation report of
was developed by using keywords big data analytics, the journal to be evaluated for quality was examined in the
efficiency of SMEs and effect of COVID on SMEs. This Web of Science database. To ensure the quality of the
search extending from beginning of database from 2022 to scientific literature, only articles with a journal impact factor
back in 2019 to compare the efficiency of SMEs before and were selected for our article. In the data extraction phase, 24
after the COVID-19 for deeply understanding the effects of articles were selected, and the following characteristics were
pandemic. The search was performed on two databases and extracted:
obtained 32 articles from the Google Scholar and 30 articles The article must be a journal article from a scientific
from Ebscohost. To refine the search criteria for this journal.
systematic review it was narrowed down to the data analytics The article must be written in English and be from the
in SMEs during pandemic and its effects on SMEs. Articles field of information science, digital transformation,
that did not referred to the above criteria was then excluded business administration, and listed with the impacts of
from the search and now the number of articles for further pandemic.
analysis was 41 which we used for thematic analysis to The article deals with the content of SMEs and data
interpret the results for our systematic literature review that analytics.
fully met the specified search criteria. Through a forward and
backward search, identifying which sources the authors of the
The figure explains the theoretical framework on which well as to their country if they start to utilize the digital
our proposed model is based to elucidate the problems of business platforms as with the case of Chinas SMEs, they
SMEs and their solutions by implementing BDA in the developed in previous two decades (Seseni & Mbohwa).
operational architecture, SCM and retailing of SME products.
The researchers deeply investigate the problems of SMEs After the COVID-19 scenarios when world is facing a
from the literature by using content analysis and find gap by shortage of goods SMEs has a golden chance for their growth
thematic analysis and utilized abductive reasoning approach by producing better goods to fill the gap and to build the trust
for the finding to propose a new direction for the future among users so that they could use the SMEs products again
research. and again. So, there is a need to bring revolutionary changes
in supply chain of SMEs to manage the goods effectively and
V. DISCUSSION to supply them to the users without any hurdle (Zairis, 2021).
Blockchain will enable SMEs to aware about the goods
The present research has analyzed literature in the field storage conditions, supply, and demand gaps to produce the
of SMEs, their efficiency, utilization of modern technologies goods that are facing shortage in market. Moreover, smart
and effect of COVID-19 on their productivity both financially packaging will enable the SMEs to maintain standard by
and socially. There are certain defects in the basic operation introducing the efficient and environment friendly packing
of SMEs that these cannot utilize effective data leverage materials that maintains the integrity of manufactured goods.
system to meet the current requirements, and these are not The integration of technological models as eBay, Alibaba and
aware of the international market trends due to the utilization Walmart is necessary for the development of SMEs because
of conventional methods (Žandaravičiūtė & Varaniūtė, these platforms could help SMEs to perform better by
2022). An effective data leverage system based on the digital competing other industries when they have a direct access to
platform could be served as a remedy for solving the issues the end users and generate a lot of revenue which in turn could
of SMEs and it will enable them to compete around the globe improve the basic infrastructure of the SMEs for the
when start to utilize e-commerce platforms which is the key betterment of working conditions as well as for the owners
to success. Currently SMEs are using some of the novel ICT and employees (Sorger et al., 2021).
tools, but these are at its initial stages due to the untrained
staff to manage with these technologies, lack of infrastructure VI. CONCLUSION
due to high cost, limited resources, and lack of interest by the
owners and shareholders. While analyzing all these Current expansions in world economy and highly
conditions researchers interpreted that utilization of modern competitive corporate settings deliver substantiation that
technologies like blockchain technology, internet of things, novel technologies are crucial to maximizing competitive
smart packaging, traceability technologies, efficient retailing advantages and ensuring survival, as expressed in the
and customer awareness is necessary for the survival of SMEs editorial and research conducted by scientists whose finding
at national as well as international levels. Previously scholars has been discussed previously. Now the world is making to
have evaluated the dynamic capabilities of SMEs that these attendant in the fourth industria1 rebellion, where innovations
have potential to generate a lot of revenue to their owners as and technology will chaperon operational happenings and