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Outline some of the benefits related to big data
Benefits and disadvantages of Big Data
Benefits and disadvantages of Big Data
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Big data, one of the hottest technologies used today, is found in various fields of our society. People must be surprised if they realize how their lives are affected by big data. For instance, many companies use big data to make a plan of next year. Sales companies use big data to analyze the characteristics of customers. Even using ‘T map Navigator’ to drive through the shortest way is the product of big data. As Big data is one of the greatest new technology today, it is useful in the fields of industry, commerce, and real life.
To begin with, big data is an essential technology in the field of industries. In advertisement industry, big data technology is necessary to make advertisements more efficient. Jeff Kelly, a journalist, even named his article’s title as ‘Advertising Agencies Must Adapt to Big Data or Die Trying’. According to the article, it is obvious that there is a shift in traditional print and broadcast advertising to digital advertising. Google and Facebook are significant examples of using big data in advertisement industry. Previously, in traditional mass media such as TV and newspaper, Ad agencies took a ‘one-size-fits-all approach’. It means that companies just advertise to the public regardless of people’s characteristics. On the other hand, Google and Facebook can deliver personalized advertisements to their audiences. They collect, store and analyze users’ data in order to allow advertisers to advertise efficiently. Furthermore, big data has become a hot trend in traveling industry as well. For instance, a company called ‘Sojern’ is collecting information across airlines, hotels, rental car agencies and credit card companies. Based on the information, the company analyzes when and where people go abro...
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...echnology made an enormous amount of information, and big data is a key to make this information available for appropriate purposes. Thus, big data can be understood as a remarkable trend nowadays.
Works Cited
Jeff Kelly(2013, July. 30). Advertising agencies must adapt to big data or die trying. Retrieved from Wikibon blog, http:// www.Wikibon.org
Walmart is making big data part of its DNA. Retrieved from Bigdata-startup website, http://www.bigdata-startups.com/BigData-startup/walmart-making-big-data-part-dna/
Jerry Jao(2013). Why Big Data Is A Must In Ecommerce. Retrieved from The Big Data Landscape. http://www.bigdatalandscape.com/news/why-big-data-is-a-must-in-ecommerce
Erica Berenstein.(news reporter). (2013, July. 14). Big data hits real life.[news report]. Available from http://www.nytimes.com/video/business/100000002206849/big-data-hits-real-life.html
Did you know that almost everything you do on the internet is being tracked and recorded in some way? In the Article, George Orwell… Meet Mark Zuckerberg, by Lori Andrews, Andrews talks about how behavioral advertising, which is the tracking of consumer’s online activities in order to bring custom-made advertisements, is a topic that is concealed to many people and can cause damage. Search engines like Google store the searches you have made and in 2006 there were search logs released which had personal information that people were judged by (Andrews 716-717). Data aggregation is the main way Facebook makes its money. Andrews believes that it’s an invasion of privacy and is not known well enough by the public. This article is aimed at young and new internet users that are ignorant of the possible dangers on the web. Lori Andrews is successful at informing novice users about the dangers of behavioral
The internet, an unregulated environment where both government and advertising agencies watch your actions and create profiles based on various traits. This is the picture painted in “The Daily You: How the New Advertising Industry is Defining Your Identity and Your Worth,” by Joseph Turow. Turow addresses the issue of how lack of government intervention and poor industry self-regulation has led to a situation where every click is analyzed to the point that even when advertisers omit the users name and address, users are still very much known. Based on these profiles, targeted ads and deals are sent to each individual, creating a class-based system that is defined by what advertisers have concluded the individual likes. The main thesis by Turow
The Human and Ethical Aspects of Big Data, quickly outlines an array of ethical problems that big data has had and will continue to develop in the upcoming years in our society. The author begins by giving an example of the earliest use of big data, the census. Census data can provide a plethora of benefits to society, representation in government, civil planning, such as road and water treatment, as these take years to construct and having the population and these necessities, Time align is crucial. As the author, uses the example of the internment of Japanese-Americans in 1943. Here is big-data supposed to help the citizens of the Unites States, the big data that is supposed to be private. Now in 1943, big data being used to discriminate
Online data tracking good because it allows companies such as Google, Yahoo, and Twitter to give you customize Internet service for better experiences. Online tracking allows advertisers to precisely target their consumer’s needs based on their b...
The companies like Google have the idea that they know what an individual likes from the information the users submit. The primary challenge, in this case, is that social media users are seen as incapable of making rational decisions about their choices. For example, on may be walking down a street during lunch hours and from nowhere, they get a notification that there is a restaurant in their surrounding that is offering a certain meal during those times. Moreover, Jacob Silverman asks the question as to why social
The key strategy implementation efforts at Amazon all surround the use of “big data”. Big data is the growth and availability of large volumes of structured/unstructured data. The use of big data has allowed decision making based upon data and analysis instead of past experience and intuition. Big data has directed organizational change in allowing Amazon to expand from an online book store to an internet giant. Revolutionary application of big data has allowed Amazon to create superior service quality while motivating employees by providing real time information to solve customer issues. Big data has strengthened Amazon’s competitive capabilities by pioneering the application of big data and charging a monthly fee to smaller businesses
You may ask what big data analytics is. Well according to SAS, the leading company in business analytics software and services describes big data analytics as “the process of examining big data to uncover hidden patterns, unknown correlations and other useful information that can be used to make better decisions.” As the goal of many companies which is to seek insights into the massive amount of structured, unstructured, and binary data at their disposal to improve business decisions and outcomes, it is evident why big data analytics is a big deal. “Big data differs from traditional data gathering due to that it captures, manages, and processes the data with low-latency. It also one or more of the listed characteristics: high volume, high velocity, or high variety. Big data comes from sensors, devices, video/audio, networks, log files, web, and social media which much of it is generated in real time and in a very large scale.”(IBM) In other words, companies moving towards big data analytics are able to see faster results but it continues to reach exceptional levels moving faster than the average person can maintain.
Big Data is a term used to refer to extremely large and complex data sets that have grown beyond the ability to manage and analyse them with traditional data processing tools. However, Big Data contains a lot of valuable information which if extracted successfully, it will help a lot for business, scientific research, to predict the upcoming epidemic and even determining traffic conditions in real time. Therefore, these data must be collected, organized, storage, search, sharing in a different way than usual. In this article, invite you and learn about Big Data, methods people use to exploit it and how it helps our life.
Currently the world has a wealth of data, stored all over the planet (the Internet and Web are prime examples), but it is needed to be understand that data. It has been stated that the amount of data doubles approximately
Nowadays, advertisements are everywhere embedded in our daily life. They are powerful resources that inform people the latest news about a particular product or brand in many different ways. Most of the people are being able to get more information and detail of a product from media, radio stations, newspapers and internet. Even though advertising is a big informative source, it also can be considered as a marketing tool to control the mind and desires of the consumers to manipulate and persuade them to buy things they do not need.
...ch Reips. ““Big Data”: Big Gaps of Knowledge in the Field of Internet Science.” International Journal of Internet Science 7.1 (2012): n. pag. Web. 16 Mar. 2014.
Big data is a concept that has been misunderstood therefore I will be writing this paper with the intentions of thoroughly discussing this technological concept and all its dimensions with regard to what constitutes big data and how the term came about. The rapid innovations in Information Technology have brought about the realisation of big data. The concept of big data is complex and has different connotations but I intend to clarify its functions. Big data refers to the concept of a collection of large and complex amounts of data that are found extremely difficult to notate or even process by most on-hand devices and database technologies.
Advertising has been round for centuries; starting with print ads, then evolving into radio and TV adverts. Each form of advertisement requires several different strategies in order to make the advertisement effective and appealing to the consumer. With the ever popular rising of the usage of the internet, online advertisements have also become more popular. According to Dr. David Evans, who received his Ph.D. in Economics, e-commerce, or sales processed online, were equal to 34 billion dollars as of 2008. (Evans, 2) This amount has only grown and will continue to grow as the usage of the internet becomes more and more popular. The heart around this monumental sum of revenue is online advertising. Advertising agencies optimize their online
Adopting big data can also help the banking industry by saving them from lots of embarrassment resulting from increase in the number of customer which in turn requires banks to improve on their performance. As stated earlier banks are entrusted with lots of information and this information must be safe will be required to be accessed ready and in a timely fashion. The use a normal small database will not be enough to perform this operation and if banks don’t embrace the use of big data they might start to experience failure in there system.
Nevertheless, one of the most important constants among all of us, regardless of our differences, is that, above all, we are buyers. We use or consume on a regular basis food, clothing, shelter, transportation, education, equipment, vacations, necessities, luxuries, services, and even ideas. As consumers, we play an essential role in the health of the economy; local, national and international. The purchase decision we make affect the requirement for basic raw materials, for transportation, for production, for banking; they affect the employment of employees and the growth of resources, the successfulness of some industries and the failure of others. In order to be successful in any business and specifically in today’s dynamic and rapidly evolving marketplace, marketers need to know everything they can about consumers; what they are want, what they are think, how they are work, how they are spend their leisure time. They have to find out the personal and group influences that affect consumer decisions and how these decisions are made. In these days of ever-widening media choices, they need to not only identify their target audiences, but they have to know where and how to reach