Information Systems and Big Data Analysis - Individual Poster and Summary Paper
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Added on 2023/06/08
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This paper discusses the concept of big data, its characteristics, techniques available for analysis, how it supports businesses, challenges and references.
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Information System Information system may be referred as an integrated set of components which can be used to process, store and collect data so as to render digital products, information and knowledge. Information Systems and Big Data Analysis Name of the Student What is big Data Big data may be defined as a data that involves a high variety, increasing volumes and more velocity.. . It is a term that depicts a collection of data which is large in size as well as grow exceptionally with time. Characteristics of Big data •Volume •Velocity •Variety •Veracity The challenges of big data analytics There are various issues of big data and they can be addressed by lens of technology or business. Data Integration Data complexity References .Gupta, M. and George, J.F., 2016. Toward the development of a big data analytics capability.Information & Management,53(8), pp.1049-1064. . How Big Data technology could support business It is widely used in financial services in order to mitigate risk and to make company more proficient. Techniques that are currently available to analysis big data •Data Mining •Machine Learning •Statistics