The use of technology has played an integral role in enhancing the development of the business world. The invention of cars allowed employees to live further from work and made commuting possible, telephones propelled the economy by making instant intercontinental communication feasible, and e-commerce was realized through the invention of the internet. Although technology has alleviated many barriers in business and allowed for more effective and efficient means of sending and receiving data, it comes with its own set of disadvantages as well. In recent years, big data has gain a lot of attention in academia, industry, and even government agencies around the world. Unfortunately, our currently diminutive capabilities of comprehending this …show more content…
What we consider large data today will change with innovation and technological progress. However, a generally accepted definition is a collection of data sets so large and complex that it becomes difficult to process using traditional data processing applications (Wah, Cheng, & Wang, 2015). The amount of available digital data has increased exponentially from 25% in 2000 to over 98% as of 2015. It is expected to double bi-yearly with current capacity at 130 exabytes and projected to be approximately 40,000 exabytes by 2020. For a quick understanding of exactly how large that figure is, one exabyte is equivalent to 1 billion gigabytes of data. Due to its size, it provides companies an untapped resource with vast potential. Big data can be regarded as the new petroleum that will power the future information economy (Wah et al., 2015).
There are four distinct categorizations for big data: structured, unstructured, semi-structured and mixed. Structured data is data that can be analyzed within existing data models, and material information is extractable. Unfortunately, structured data only accounts for approximately five percent of all big data. The majority is unstructured data that cannot be analyzed using traditional data processing methods and include text, audio, video, and images. Semi-structured refers to data that is analyzable but lacks a formal data model structure. And finally, mixed is a combination of the previous three data
Data Analytics has significantly grown in less than two years, this quick growth has caused the company to evaluate the IT environment and its ability to support the growth and secure the data of the company. The CEO is expecting the company to grow 60% over the next two years; with the success of the company it has been determined that a change to the current IT environment and infrastructure must occur to better support the employees and the customer base.
Big Data is characterized by four key components, volume, velocity, variety, and value. Furthermore, Big Data can come from an array sources such as Facebook, Twitter, call
The creativity and ingenious of human beings has enabled the development of technologies that have overall, benefited all of mankind. Arguably one of the most if not the most pivotal man made technological achievement is that of the internet. The internet has allowed for the seeming less transfer of data and information in a matter of seconds. With this innovation has come an increase in communication, enhancement of understanding other cultures, and a mass gathering of data. The amount of data now in existence due to the internet has created the need for big data. Big data has developed as a solution to the traditional computer infrastructure that has become obsolete due to its inability to handle the massive amounts of data now in existence. The benefits of big data are ever expanding and attractive as it can improve the efficiency of companies, research, health sciences yet, the consequences of using big data are just as intensifying and are causing some backlash in many communities. The current issues surrounding big data and the increasingly dependent nature of the world’s people on big data will undoubtedly impact the use of big data in the future.
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
In today’s society, technology has become more advanced than the human’s mind. Companies want to make sure that their information systems stay up-to-date with the rapidly growing technology. It is very important to senior-level executives and board of directions of companies that their systems can produce the right and best information for their company to result in a greater outcome and new organizational capabilities. Big data and data analytics are one of those important factors that contribute to a successful company and their updated software and information systems.
In short, the Big Data challenges for organizations and enterprises in today's digital age. Once mastered big data, they will have greater chances of success in today's competitive environment, the world would benefit more from the extracted information more accurately, more useful lower costs. Still the criticism revolves around Big Data, however, the field is still very new and we'll see in future Big Data will evolve like.
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
The accuracy of data input is extremely important. There are several types of data input. They all provide different aspects of data accuracy. There is Copy and paste method, Typing of data input manually, Verbal through
For the past couple of decades the majority of businesses have wanted to construct a data-driven organization or company. Furthermore, companies around the world are considering harnessing data as a basis of competitive advantage over other companies. As a result, business intelligence and data science use are popular in many organizations today. The increase in adoption of these data systems is in response to the heavy rise in communications abilities the world over. Which, in turn ,has increased the need for data products. Indeed, the Data Scientist profession is emerging to be one of the better-paying professions due to the urgent need of their labor. This paper is going to discuss what business intelligence is all about and explain data science that is usually confused to be similar to business intelligence. I will tackle a brief overview of data scientists and their role in organizations.
...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.
Prior to the start of the Information Age in the late 20th century, businesses had to collect data from non-automated sources. Businesses then lacked the computing resources necessary to properly analyze the data, and as a result, companies often made business d...
In todays world computers are very useful because there is weather forcasting and many other things. People can forcast weather by this process by computers . Advertising is one of the most progressive field these days . Computer animation is the art of creating moving images by this use of computers . We can use use internation network (internet) to check mail, play games, find other's addresses , etc. Scientists also use computers for their experiments . There are some documents to type. For example MS Word , MS Exel , etc . We can do our school project also by using computers. There is one thing which is very conveinient for us it is that we can talk or chat with people who are in another country by using google talk , yahoo messenger , etc . It is not at all expensive . It is better than using a telephone or a mobile . We can also send voicemails through google talk , yahoo messenger , etc . We can play many games using a computer . For example pinball , soltaire , spider soltaire , etc . Believe it or not, but the age of computers is upon us. I believe Computers are not only here to stay, but in my opinion computers are the wave of the future. Only a device like the computer can change the way we work, live, and think. I see computers taking us places where no man has gone before. students can receive an education from their own home Taking classes online is an option that a growing number of students are taking advantage of. These classes are making a college education available for students who are not able to attend a traditional university or college. Computers are taking us places where a lot of us thought was not possible. Truly it is my belief and opinion, the computer is one of the most incredible inventions of this time period or any other.
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.
The late 20th century has successfully witnessed the boom of sophisticated technology, which gave birth to a wide range of technological outcomes, including computer technology. Computer technology, that is a skill to manage information, communicate and a kind of entertainment media, has become an important part in modern life at work, in recreation and social networking. Whether computer technology is better or not is a complicated issue. There are different arguments that need to be examined. Most people support that computer technology is better for individual lifestyles. It improves quality of working and study, provides a wide range of entertainment and is a wonderful tool of communication. On the other hand, others believe that computer