Application for polymer industry to hold nearly 40% of the bio-based platform chemicals market; demand to grow by 8% CAGR through 2031

Abstract

Today, more leaders, managers, and directors can decide, even though they cannot decide for every situation. When decisions are scattered and unstructured, decisions become complicated and so that a single decision-maker based on expertise alone cannot address them adequately. This research proposes the Electronic Decision System (EDS) for effective data visualization and analysis process. EDS helps to decide during a complicated situation using Big Data Analytics-based Artificial Neural Network Framework (BDA-ANNF). The BDA-ANNF collects and analyses the data provided, and Artificial Neural Network (ANN) is used to predict and take accurate decisions in every complicated situation. These systems allow decision-makers to understand the market, direct and indirect climate, analyze the numerous trade-offs in the sector, evaluate costs linked to the various choices for decision-making, and eventually help people improve their decision-making outcome. EDS's approaches and techniques share one key challenge that must successfully provide consumers and policymakers with an appropriate and understandable simulation solution. The finding indicates that the BDA-ANNF decides the complicated situation up to the accuracy rate of 95.23%, which is not attainable by existing methods, and the error rate is 4.77%.