This presentation discusses the challenges, techniques and advantages of big data analysis in information systems. It covers the benefits of using big data analytical tools, the characteristics of big data and examples of usage of big data in business. The presentation also includes references for further reading.
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INTRODUCTION Data analysis is a procedure to examine sets of data to identify the trends and to draw a conclusions regarding the information it may contain. Information system is an set of elements that collects, stores and process the data in order to provide knowledge, information and digital products. Information Systems and Big Data Analysis Name of the Student What is big Data Big data analysis is an components of several information in huge quantity which cannot be stored, processed or being analysed with traditional methods. Big data refers to a collection of huge sets of data with these are several framework, techniques and tools involved. There are various benefits of using big data analytical such as. •It helps in making quick and better decisions •Cost reduction and operational efficiency •Provides an improved data-driven got to market Characteristics of Big data There are various benefits of using big data analytical such as. Variety- Velocity- Volume- The challenges of big data analytics There are various benefits of using big data analytical such as. •Exponential growth •Big data tools •Securing •Data security and protection •Fake data generation •Unsecured data sources •Non-compliance to privacy laws References Choi, D. and et. al., 2021. Design and implementation of an academic expert system through big data analysis. The Journal of Supercomputing, 77(7), pp.7854-7878. Fedin, F.O. and et. al., 2019, September. Assessment of intelligent decision support systems effectiveness in technological processes of big data processing. In 2019 International Russian Automation Conference (RusAutoCon) (pp. 1-6). IEEE. Techniques that are currently available to analysis big data •A/B testing •Data mining •Machine learning •Data fusion and data integration Big data advantages •The big data analytical tool helps in predicting the outcomes accurately •Big data analytical help enterprise to generate more sales leads that will boost the revenue. •It provides a insight that helps in keeping the business a step ahead from their competitors. Examples of usage of big data in business are mentioned below. Walmart Itleveragesbigdataanddataminingtomakepersonalised productsfortheircustomers.WalmartisusingNoSQL and Hadoop technology which allows customers to access in real time data in order to collect from different sources.