2CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Abstract This report will highlight importance of big data analytics in ecommerce business and cover its different aspects such as the advantages, disadvantages as well as the cost factors. Big data analytics play an important role in the organizational tasks and the business decisions that are being taken by the leaders and the managers within the organizations. By the end of this study, the reader will be able to understand the different requirements and considerations associated to the implementation of big data analytics within the ecommerce business organizations.
3CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Table of Contents Chapter 1: Introduction........................................................................................................7 1.1Background............................................................................................................7 1.2Problem Statement.................................................................................................8 Aim, Objectives and Research questions.........................................................................9 Research Structure.........................................................................................................10 Chapter 2: Literature Review.............................................................................................12 2.1 Concept of big data analytics...................................................................................12 2.2 Concept of e-commerce business............................................................................13 2.3 Relationship between big data analytics and ecommerce business.........................13 2.4 Business Intelligence for E-commerce using Big Data Analytics...........................15 2.5 Gap in literature:......................................................................................................15 Chapter 3: Research Methodology....................................................................................17 3.1 Introduction..............................................................................................................17 3.2 Method Outline........................................................................................................17 3.3 Research Philosophy................................................................................................18 3.3.1 Justification for selection of the chosen Philosophy.........................................18 3.4.1 Justification for selection of the chosen Approach...........................................19 3.5 Research Design......................................................................................................19 3.5.1 Justification for selection of the chosen Design...............................................19
4CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 3.6 Data Collection Method...........................................................................................20 3.6.1 Data Sources.....................................................................................................20 3.6.2 Data Techniques...............................................................................................20 3.7 Population and Sample............................................................................................21 3.7.1 Sampling Technique.........................................................................................21 3.7.2 Sample Size......................................................................................................21 3.8 Ethical Considerations.............................................................................................21 3.9 Research Limitations...............................................................................................22 3.10 Time Horizons.......................................................................................................22 3.11 Expected outcome..................................................................................................23 Chapter 4 – Data Analysis.................................................................................................25 4.1 Introduction..............................................................................................................25 4.2.1 Qualitative Analysis: For Users............................................................................26 Q.2 Where is your company/ organization in the process of implementing big data initiatives?..................................................................................................................................27 Quantitative Analysis: For Amazon Employees............................................................33 Impact on e-commerce business intelligence............................................................33 Opportunities in e-commerce using big data.............................................................34 Skills required to work with big data.........................................................................34 Summary........................................................................................................................35
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5CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Chapter 5: Conclusion and Recommendations..................................................................36 5.1 Conclusion...............................................................................................................36 5.2 Linking with the objectives.....................................................................................36 5.3 Recommendations....................................................................................................38 5.4 Limitations of the study...........................................................................................39 5.5 Further scope of the study........................................................................................39 References..........................................................................................................................40
6CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Chapter 1: Introduction 1.1Background There has been increase in use of internet by individuals all over the world. People are focusing towards online shopping rather than traditional offline shopping. The e-commerce market has been capitalizing the retail market all over the world (Laudon and Traver 2016). There have been various websites and companiesestablished in the market including Amazon and Walmart which are providing online e-commerce business over the internet. These large e- commerce companies have been using various tools and strategies in their business. Big data has been a new concept that has been helping in managing and analyzing data volume. There has been increase in the sources of data and information in e-commerce industry. These sources include customers and over the internet sources (Akter and Wamba 2016). Therefore, there have been issues faced by companies regarding management and storage of data and information.The increase in focus on the concept of the Big Data and its possibilities of achievement of controlling most of the sectors of the IT industries, gives it a corner to be viewed as the latest solution for the organizations to adopt. Although, most of the organizations and generally the smallscaledorganizationsfailstofavorablyimplementtheanalyticalandtechnological framework to implement some of the functionality of the Big Data. Thisresearchhasfocusedon understandingdifferentaspectsofbigdataandits implementation in e-commerce companies. This research has focused on current market trends, behavior of customers and strategies of decision making strategies. There has not been much research done in different aspects of big data.
7CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 1.2Problem Statement The major problem focused in this research has been related to the management and analyzing of data and information in the e-commerce industry.Various companies have not been able tomanage huge volume of data and information of customers and products. Manual entry of data has been creating a lot of human errors and increases complexity for management of data. Therefore, implementation of big data technology has been helping in managing data and information of companies (Ryżko et al. 2016). The Big Data is not only applied for the businesses with high budget, it can be applied to small businesses too. The small enterprises can also gain the benefits of the large set of data of the offline and online information, they can utilize the data-driven outcomes for the growth of the organization. Even though many of the Big Data outcomes concerns the enterprises which have all resources that are helpful to hire the research firms and data scientists. There are many ways which the small firms can use to analyze, gather and make sense of the data that they already acquire. Aim, Objectives and Research questions This research aims at analyzing the impact of big data in e-commerce organizations in the market.This research focuses on the advantages and disadvantages of big data in e-commerce industry. Following are the objectives of the research: 1.To identify the most important advantages of big data analytics in the field of ecommerce business in today’s world. 2.To identify the ways in which the big data advantages of the ecommerce business can be positively channelized in way to achieve better business results as well as improved employee productivity within the organizations.
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8CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 3.To identify the possible threats or other options that have the capability to replace big data operations in the future within the organizations especially in the ecommerce segment of business. Following are the research questions: 1.To identify the most important advantages of big data analytics in the field of ecommerce business in today’s world. 2.To identify the ways in which the big data advantages of the ecommerce business can be positively channelized in way to achieve better business results as well as improved employee productivity within the organizations. 3.To identify the possible threats or other options that have the capability to replace big data operations in the future within the organizations especially in the ecommerce segment of business. Research Structure There are five chapters discussed in the research study including Introduction, Literature Review, Research Methodology, Data findings and analysis, conclusion and recommendation. The first chapter of the research is selected as the introduction that will consist of the aim, research topic and the objective of the research. The aim of the research will analyze the Big Data technology for the calculation of the technological power that is required to meet its usage. For achieving the objective of the research, three question are derived. The main objective of the research will be analysed with the help of the research question that helps to find the main path of the project work. It also helps to find the challenges in the research project. The second chapter of the research will provide the literature review that is focused on the Big Data application in the small organizations. The theoretical framework is also given that
9CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS helps to evaluate the Big Data concept and small organization. The literature review of the research is differentiated with the platform of the Big Data Analytics with the applications for explaining the feature of this technology. It also helps in determiningimpact of implementation of the Big Data Analytics on the small organizations. The third chapter of the research will summarize the research methodology which will analyse the domain of the research of the thesis project. This provides the background to the process of the survey and also the analysis of the result. The organizations that are selected are the sources of the information. Online survey is done for the primary data analysis to take the feedback from the employees that have some experience of using the Big Data Analysis application into the small organization. The data which is collected through the questionnaire, the data is analysed. The result of the data which is analysed defines the path that would led to the development of the main objective of the research. Depending on the data collection, the researcher is chosen for the analysis of the sources of data in such a way that the result are on the basis of the research topic that is selected. The advantages of the Big Data analytics in the small organizations are analysed that guides the researcher to get the information about the topic. The data is analysed utilizing various methods and techniques for analysing the response of the participants. This part of the research will discuss about the objective of the research and the case analysis of the Big Data along with the analysis of the small organizations. The aim of the research is to perform the detailed analysis of the results for the evaluation of the responses collected from the survey and pointing out the impact of the implementation of the Big Data in small organizations. The last part of the research will provide the research objectives along with the drawbacks of the research. The future cope of the research is also summarized in this part. The
10CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS research will help to evaluate the role of the technology to the business model of the small organizations and also provide the recommendations for the adoption of the Big Data Analytics into the small organizations.
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11CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Chapter 2: Literature Review 2.1 Concept of big data analytics Big data analytics has been playing an important role in working culture of various organizations. The ability of organizations of marketing strategies have been properlyanalyzed using the concept of big data (Stucke and Grunes 2016). The use of big data has been helping in maintaining a keen approach in the dependency of proper authentic data and information in the organization.There have been various aspects of big data analytics. The level of satisfaction of customers have been increased with the help of big data analytics. Another aspects of big data analyticshas been related to risk portfolioscan be evaluated and unnecessary data and information can be deleted form the data base. The use of the big data analytics have been helping in making a proper recommendation in the development of the company (Yu et al. 2017). The risks analysis using data analysis has been helpful in identifying various risks and issues in the organization models. The cultural aspects of the organization can be maintained by the use of big data analytics. It helps in providing technological aspect of using different system together.The management of information system in an organization can be maintained by the use of big data analytics. A proper storage service system can be maintained with the help of big data analytics. As argued byYin and Kaynak(2015), big data has been compromising with several limitations including security issues. The big data provides a centralized database system that create issue related to security of data and information stored in the database. The risk analysis model used in the big data analytics have been maintained by the use of Hadoop. The architecture of Hadoop has been similar to that of big data. As commented byYuet al. (2016), big data technologies helps in providing a leadership culture in the working environment of the organization.
12CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 2.2 Concept of e-commerce business E-commerce business has been one of the largest business all over the world in the 21st century. It has been the fastest growing industry due to increase in the number of internet users all over the world. It has provided a new face of shopping to the customers. Online shopping has helped in providing doorstep delivery of purchased product over the internet. Therefore, customers do not have to travel to offline shop for purchasing goods and other products. Therefore, e-commerce has helped in making shopping easy for customers. The payment of the good and products have been dine using online payment gateway (Gordini and Veglio 2017). Customers have opt out for using their credit card, debit card, net banking or pay on delivery options.These options have helped in providing paying method for customers. E-commerce business have been helping in maintaining a keen approach to the development of business in the market. E-commerce business has provided various choices of products at same range for the customers to make their selection. This option is not present in case of offline shopping. As argued bySingh and Singh(2015), there have been various issues with the ecommerce business including misplace of products as orders. There are various cases reported where there have been misplaced of products during delivery. There have been delay in deliver due to various reasons an factors. These issues have been common in the e-commerce business. However, companies are looking for minimizing these issues during delivery of products. Companies have been implementing big data analytics that has helped in live tracking of the delivery goods and products to the doorstep of customers.The small scale enterprises are also coming up with channel to utilize this type of data for the growth of their organization. To bring this important change in the growth of the business the utilization of the Big Data concept is the most important step. In today’s world, most of the organizations despite of their size, big or small, wants to have
13CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS accurate and valuable information in the process of decision-making. The big data influences various issues such as the appropriate executing framework for the purpose of storing the data, privacy and security issues, and producing functional and processing information from the data. Big data and virtual realityoffer the devices required for organizationsto all the more productively present their image, promote and offer a developing shopping background for clients directly from solace of their homes. 2.3 Relationship between big data analytics and ecommerce business Traditional shopping system has been based on physical appearance of the customer to shop. It means that customers have to reach to shop for purchasing goods and products. Innovation in technology has helped purchasing of goods easier. Innovation in online shopping has raised the e-commerce business in the market. Now a days, customers used to purchase their goods and products online over the internet (Gunasekaran et al. 2017). This has helped in minimizing the time complexity of the customers in buying any product. In today’s time the data is stated as one of the most valued resource and the volume of the data is expanding at an exponential rate in day to day life. The large amount of data is referred to as Big Data. The Big Data can be classified as the 3Vs: the large Variety of the type of data, the Velocity that is required to process the data and the large Volume of the data. All the organization in all around the world starting from the multinational companies to the small scale enterprises. The small scale enterprises are also coming up with channel to utilize this type of data for the growth of their organization (Pan et al. 2016). To bring this important change in the growth of the business the utilization of the Big Data concept is the most important step. In today’s world, most of the organizations despite of their size, big or small, wants to have accurate and valuable information in the process of decision-making. The Big Data can guide the small scale organizations to
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14CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS prepare for their targeted customer and public preference and the requirements. In simple words, it is urgently necessary for the small scale organizations to take the important decision of adopting the Big Data (Kshetri et al. 2017). This study of the Big Data focuses in the small scale organizations as they are considered to be the backbone of the economy of any country and have the flexibility and ability to grasp the adaptions to the variations toward the production of the organization. The big data influences various issues involving such as the appropriate executing framework for the purpose of storing the data, privacy and security issues, and producing functional and processing information from the data. The main aim of this study is to study the main threats and potential to the implementation of the Big Data and to practice the Big Data usage in the small scale organizations for the improvement of their process of business. The integration of big data has helped in making purchasing easier for the customer with proper transaction and payment of products. Ecommerce marketing can be done through online advertisements as customer get to see over the internet. These online advertisements have been effective in raising funds for the company when a customer clicks ion the advertisement (Zhang et al. 2018).This also help in understanding the behavior of customer based on the number of clicks on these advertisements that customers do over the internet. Companies get to know about the interest of customer and analyze the number of clicks in a particular advertisement. These functions have helped in collecting data about customer feedback and interest over products. 2.4 Business Intelligence for E-commerce using Big Data Analytics As commented byLee(2017), Business Intelligence has been a technology driven process for analyzing data and presenting executable process for executive managers and corporate end users. It helps in increasing decision making, increased profit and efficiency
15CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS marketandreducedcost.BIhelpsindefiningproperdecisionmakershavingvaluable information by including different sources of data and information. As stated bySingh and Singh (2015), BI is a process that helps in collecting data and information and auto generate the value from the e-commerce website. The use of BI has helped in enhancing the technological aspect of the business strategies. IT has been helpful for the big data analytics as it help in making proper and instant decision for the development of the company in the market. The architecture of the BI in an organization has been done for predicting market trends and competitor for [performing customer targeted market. 2.5Gap in literature: It has been found that a lot of research has already been carried out on big data analytics and its applications in the different industries. A lot of research has also been done for the ecommerce giant Amazon Inc. However, the research results that has been derived from the researched done on Amazon cannot always be applied to all ecommerce companies since the working principles of all ecommerce companies is not same as that of amazon (Sharma and Lijuan 2014). Therefore this is the most important gap in literature since the past researches have been found out mainly on Amazon which has failed to provide a general conclusion as well as recommendation that can be applied to all ecommerce companies in general(Lausev 2014). This research will aim to provide a much more generalized derivation of conclusions that can be applied to the entire ecommerce sector of business. This will not only help the ecommerce industry but can also be an inspiration factor for the preexisting retail stores to open their online portals so facilitate the customer to have a better shopping experience (Camarinhaet al.2013). The researches that has been done in the past are not up to the mark and do not provide complete details about the implementation of big data analytics in the ecommerce industry and has to be
16CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS further researched. Since there are different, other companies, which also have different kinds of issues in the market, and not much of research has been done on these companies in the past, it calls for a need for research to be done about them now.Earlier, the utilization of the collection of large volume and variety of data that has most of the time been inside a large association. Many of the big organizations has initiated the launch to complement the analytical proficiency of their organization, although as the technologies get old, and the more companies start to utilize the concept of analytics for data handling, and gain knowledge about this latest analytics technique, the small enterprises will be find it easier to gain some of the advantages. This part of the research will provide the research objectives along with the drawbacks of the research. The future cope of the research is also summarized in this part. The research will help to evaluate the role of the technology to the business model of the small organizations and also provide the recommendations for the adoption of the Big Data Analytics into the small organizations.The companies such as Jabong, myntra, alibaba.com, EBay etc. have not been studied much in details in the past and only Amazon has been studied. The researches that has been done in the past does not have the required information for all the ecommerce companies’ example jabong, myntra, alibaba etc. Earlier researches has been done mostly on the ecommerce giant Amazon. This research aim’s to fill the gap in literature from the earlier researches to give a more generalized view on the ecommerce industry and how the big data analytics play an important role in the working of the business. Chapter 3: Research Methodology 3.1 Introduction Research methodology is the chapter that assists in defining the most accurate approach required to be adopted in order to attain detailed results of the research process. According to
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17CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Flick(2015), the concepts and ideas adopted in the research methodology is helpful in gaining deeper insights and better analysis of the research topic. According toGlesne(2015), the detailed research methodology needs to be followed in order to understand the procedure and process adopted in analysing the impact of RFID technology on mobile B2B e-commerce. For fulfilling this purpose, it is necessary to understand the impact on the retail industry of the United Kingdom. Apart from that, the study also involves a detailed process in order to better analyse the influence of RFID technology for improving the supply chain performances in retail management. 3.2 Method Outline In this chapter, the detailed research techniques are applied to assess the impact of RFID implementation with respect to the supply chain performance of the retail industry. The positivism research philosophy is selected in gain better insight and gather useful information based on appropriate logic and evaluation. Furthermore, the deductive research approach is effective in conducting the study by relying on certain helpful secondary sources, which in turn helps in analyzing the role and application of RFID in business to business e-commerce. In addition to that, the selection of descriptive design further helps in studying the impacts and aspects through applied concepts. Moreover, the application of primary and secondary sources will help to outline the details of the research topic and bring out a high quality analysis and outcome. The sample size for the research topic will involve 200 consumers for quantitative technique.The expected outcome is to obtain benefits of Big Data in business. This might also provide expected procedure by which big data might help in meeting up all business objectives and gals in the market.
18CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 3.3 Research Philosophy The research philosophy is chosen in order to determine the appropriate way to gain adequate details and information on the research topic. According toHair Jret al.(2015), choosing a research philosophy is important to explain the assumption process undertaken for conducting the study. The common forms of epistemology or the concept of research philosophy are categorized as realism, positivism and interpretivism. Positivism helps the researcher in understanding and applying the logic with an aim to identify the hidden facts in a scientific manner. Utilizing a scientific method, positivism ignores metaphysicsinordertoenableknowledgeanddetailobservation.Ontheotherhand, interpretivism is associated with business and management activities.Ledford and Gast(2018) described interpretative study as defining concepts of natural law while discarding the scientific concepts. Whereas, a mixture of both positivism and interpretativism constitutes the realism approach that involves characteristics of both the philosophies. 3.3.1 Justification for selection of the chosen Philosophy Positivism is chosen as the research philosophy for conducting the study in order to analyse the hidden facts and carry out the research according to the nature of the study. In additiontothat,thestudyistime-constrainedandhence,itisnotpossibletochoose interpretative and realism as research philosophies. Furthermore, the positivism philosophy helps in evaluating the data that in turn aids in reducing data errors as well. 3.4 Research Approach The research approach is required for conducting the study and unveiling the particular research topic. The research approach can either be deductive or inductive. The inductive
19CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS approach is useful when adequate data is not available. On the other hand, the deductive approach is used as a process for describing practical application of the theories to gain access. 3.4.1 Justification for selection of the chosen Approach In the present study, the selected research approach investigates the associated theories and ideas and helps to understand the impact of RFID on mobile B2B e-commerce. In this case, the deductive approach is appropriate for analysing the study and results in much clear and precise manner. 3.5 Research Design The research design helps researcher to explain research framework based on selected research topic. It helps to select the best collection and analysis methods. The researcher applied specific approaches to describe the research design. There are three types of research design methods such as exploratory, explanatory and descriptive. Exploratory research design helps the researcher to acknowledge different kinds of ideas required to complete this paper (Lewis 2015). Explanatory is described occurrence of events and effects of its happenings. Descriptive research is aimed to gain details to happenings of events with detailed and description of research topic. 3.5.1 Justification for selection of the chosen Design Explanatoryapplicationiseliminatedinthestudy asitsupportsconceptsofthe longitudinal study which was not related to the selected title. In this study, descriptive design was selected to define a detailed processes involved with analysing the advantage of big data in ecommerce business.
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20CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 3.6 Data CollectionMethod The data collection is the information which helps the researcher to perform study related to the research topic. The data collection helps to get proper results in addition to facilitate benchmark format of work. 3.6.1 Data Sources The data sources help the researcher to analyze the research topic and help to extract information using two sources such as primary and secondary. The primary data is used to collect raw data based on research requirements using sources such as survey, questionnaire and others. Secondary sources are utilized to widen the research topic which enables study involved data description. In this study, both data sources are used to complete in-depth analysis of the big data analytics (Mackeyand Gass 2015). The primary data source is used by interview which is conducted with employees of Amazon and surveying the users of the big data analytics. Secondary data sources is used which comprised of articles and journals. 3.6.2 Data Techniques In current research paper, there are two types of data techniques such as qualitative and quantitative data techniques. Qualitative data is helpful to record form of data which is adding value to collected raw data. Quantitative data is used by applying the statistical data helpful to record data of larger sample of population using graphs as well as pictorial explanations (Silverman 2016). In this study, mixed method is used where the collected data are analyzed in statistical form. The quantitative data is analyzed by numerical values and qualitative data is analyzed based on the results of the interview for the Amazon employees. Interview and survey method helps to understand real time situations and issues faced by the ecommerce business organizations.
21CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 3.7 Population and Sample Smith (2015) stated that population is the total number of people those are involved in the study both directly and indirectly. In the present study, the employees and users of Amazon Company are selected where big data analytics is used as a benefit to the ecommerce business are considered as the population. 3.7.1 Sampling Technique The sample is considered for critical analyzing the big data in the Amaozn business organizations. The samples of the users are selected using random sampling method where no particular criteria are taken into considerations. By means of online questionnaire, the users are taken for participation where the survey is performed. 3.7.2 Sample Size In order to perform quantitative research techniques, 2000 users of Amazon Company are taken with help of online questionnaire forms. The users are selected from online shopping sites like Amazon, EBay, Jabong and others. It is not practical and also feasible to get responses from 2000 users, therefore 1300 users are participated in the survey and interested to participate. The interview is conducted with 20 employees of the organization. Therefore, the total sample size of this research study is 1320. 3.8 Ethical Considerations While conducting research in the study, it is found that the customer’s personal data such as phone number, physical address and other data are resold in the secondary market. It causes ethical issues of tax frauds and data theft. Amazon faces issues when the web servers are being hacked by hackers. When the hacker hacked the customer information from Amazon databases, then it provides huge impact on brand image of Amazon. The ethical dilemmas are occurred
22CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS when employee vandalism is existed in the company if the employees have revengeful attitudes towards the business organization. 3.9 Research Limitations The time is a limitation as understanding the concepts of big data takes longer time about implementation in ecommerce business. It required a time of 9 months to understand concepts of the big data analytics and understand role in ecommerce business. Other limitation is sample size as 2000 sample population are taken for the survey, while 1300 users are participated in the survey with thenumerical figures and results obtained from the survey is critical to analyze and manipulate. This research study is time consuming. 3.10 Time Horizons Activities(For the future research to be conducted) W eek 1 -3 W eek4 – 10 W eek 11 - 13 W eek 1 4 - 17 W eek 18 - 21 W eek 2 2 - 23 W eek 24 Topic Identification Secondary sourcedata collection Creationof layout
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23CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Complete researchliterature review. Collecteddata analysisand interpretation. Findingsfrom the data collected. Conclusion Formationof draft Submissionof the task 3.11Expected outcome The outcome of this research study is to perform an in-depth analysis of implementation of big data analytics into the e-commerce business organization. The results of data analysis are manipulated from various sources and the conclusion of this study is focused on various aspects which are kept in considerations. By end of this study, ecommerce business leaders are identifying aspects to implement big data operations. Mitigation techniques overcome with the threats as well as risks for using big data operations.
24CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Chapter 4 – Data Analysis 4.1 Introduction Big data has been recently playing a significant role in the modern business operations. Big data is highly being utilized in understanding the ability of organizations in applying smart marketing strategies. The application of big data is helpful in maintaining a keen approach in ensuringproperauthenticinformationintheorganization.Thedatacollectedfromthe questionnaire survey as part of the primary data sources gathering and analysis is being critically evaluated in order to understand the level of impact of big data analytics on the business e- commerce and working culture of the organizations. The study has been skillfully carried out in order to identify the most crucial advantages of big data analytics in the field of e-commerce in the modern corporate scenario. In addition to that, the questionnaire survey has additionally focused on unveiling and investigating the ways in which the benefits of big data on e-commerce can be effectively channelized to gain the highest profit in the business. For this purpose, the survey conducted with the users has helped in collecting quantitative data and the results are depicted through pictorial representations such as graphs and charts. In the primary data collection process, the collected data has been gathered for further analysis and discussion. The format will be altered according to the requirements. Qualitative data analysis will be conducted through initiating interview of a selected group of Amazon employees through various different behavioral patterns. According to (), the different kinds of statistical methods available for executing the research has been considered. The different conclusions and views on big data analytics that will be shared by the Amazon employee will be considered for the qualitative analysis of the obtained data. Incidences occurring inthe natural setting will be considered to derive the conclusions of the research.
25CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 4.2.1 Qualitative Analysis: ForUsers In the present section, the employees of Amazon will be considered for conducting the qualitative analysis so that researcher can understand impact of big data analysis on e-commerce. Question 1: Please specify your gender OptionsResponsesResponses%Total respondents Male24461 %400 Female15639 %400 Analysis:As mentioned in graph and table, 61% of the participants are male and 39% of the participants are female. Therefore, this can be analyzed that the companies have been providing employment to male employees than female employees. Question 2: What is your age? OptionsResponsesResponses%Total respondents
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26CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Below 20 years 5213 %400 21-30 years11629 %400 31-40 years10426 %400 41-50 years8822 %400 Above 51 years 4010 %400 Analysis:As per table and chart, 29% of the participants have been ageing between 21- 30 years. 26% of the participants have age between 31-40 years. Therefore, it can be analysed that most of the employees are of young ages between 21 years to 40 years. Therefore, companies have been hiring new employees in their workforce. Question 3: For how many years you are working in the company? OptionsResponsesResponses%Total respondents 0-2 years6416 %400
27CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS 3-5 years10426 %400 6-8 years8822 %400 9-11 years10827 %400 Above 12 years 369 %400 Analysis:According to graphs and charts, 26% of the participants have been working for 3-5 years in the company. 22% of the participants have been working for 6-8 years. Therefore, companies have been including experienced employees in the workforce. Q.4 Does your organization work with big data analytics? According to the responses, it is evident that the organization has started to work with big data analytics and organizes training on statistics. There are significant amount of experimental works taking place with the modern e-commerce business. The users in terms of big data enabled adequately understand the benefits of using e-commerce services provided to the company’s business. Answer options Response percentage Response count Total responses Yes55%250400
28CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS No12%20400 Plannedin near future 33%130400 YesNoPlanned in near future 0% 5000% 10000% 15000% 20000% 25000% 30000% 35000% 40000% 45000% Response percentageResponse countTotal responses Q.5 Where is your company/organization in the process of implementing big data initiatives? The review paper has helped in distinguishing different uses of enormous information into online business, which thus has empowered a comprehension of the significance of huge information.Itimprovescomprehensionoftheusageofprescientenormousinformation investigation and its segments. The examination likewise helps in talking about the issues of enormous information application made on the issues identified with E-Commerce if huge
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29CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS information is not identified with that, so scientists can deal with the issues identified with huge information and broaden their work on that. Answer options Response percentage Response count Total responses High53%250400 Medium29%107400 Low18%43400 HighMediumLow 0% 5000% 10000% 15000% 20000% 25000% 30000% 35000% 40000% 45000% Response percentageResponse countTotal responses Q.6 When shopping from Amazon, how often do you come across product displays that you are genuinely interested in? Answer options Response percentage Response count Total responses Very often53%250400
30CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Quite frequently 29%107400 Seldom18%43400 Very oftenQuite frequentlySeldom 0% 5000% 10000% 15000% 20000% 25000% 30000% 35000% 40000% 45000% Response percentageResponse countTotal responses The majority of respondents said that the Amazon website provides effective product displays that are genuinely interesting. This big data focuses in the small scale organizations as they are considered to be the backbone of the economy of any country and have the flexibility and ability to grasp the adaptions to the variations toward the production of the organization. There are various cases reported where there have been misplaced of products during delivery. There have been delay in deliver due to various reasons an factors. These issues have been common in the e-commerce business. However, companies are looking for minimizing these
31CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS issues during delivery of products. Companies have been implementing big data analytics that has helped in live tracking of the delivery goods and products to the doorstep of customers.The big data influences various issues involving such as the appropriate executing framework for the purpose of storing the data, privacy and security issues, and producing functional and processing information from the data. Q.7 How will you rate the customer relationship management capabilities of the companies implementing big data in their e-commerce? Answer options Response percentage Response count Total responses High53%250400 Medium29%107400 Low18%43400
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32CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS HighMediumLow 0% 5000% 10000% 15000% 20000% 25000% 30000% 35000% 40000% 45000% Response percentageResponse countTotal responses According to the majority of the respondents, the customer relationship management of the e- commerce companies is highly effective in case of those employing the big data techniques. The users are mostly satisfied with the customer service they get from those e-commerce businesses through the big data analytics techniques. These techniques help in the collection of relevant and useful information, which are then analyzed using the predictive method. As a result, it helps the businesses in providing their customers with interesting and updated emails and knowledge about the products and services they are interested in. Q.8 How often do you get interesting notifications and personalized updates from the e-commerce sites you use? Answer options Response percentage Response count Total responses Very often53%250400 Quite29%107400
33CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS frequently Seldom18%43400 Very oftenQuite frequentlySeldom 0% 5000% 10000% 15000% 20000% 25000% 30000% 35000% 40000% 45000% Response percentageResponse countTotal responses According to the responses collected from the questionnaire survey, it is clear that one of the major advantages of big data analytics is the application of predictive measures in order to get personalized and customized notifications and emails. Therefore, companies are extensively utilizing the benefits of big data in order to gather relevant and useful information about users or customers who are using their e-commerce websites. In this way, information about them is being collected and analysed and predictive method is applied in order to provide the customers with interesting updates and news about products and services. Q.9 How will you rate the updates, news and notifications received from the e- commerce sites you use? AnswerResponseResponseTotal
34CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS optionspercentagecountresponses High53%250400 Medium28%100400 Low17%54400 HighMediumLow 0% 5000% 10000% 15000% 20000% 25000% 30000% 35000% 40000% 45000% Response percentageResponse countTotal responses According to the respondents, it is evident that most of the e-commerce businesses extensively deploy big data analytics in order to build a smart and effective customer service management and as a result, holds a good customer satisfaction level. In other words, it is important to understand the difference of opinion of the users in this case. According to the outcomes of the survey, big data plays a critical function in terms of eliminating the different obstacles from the system and employ a smooth running e-commerce system. In addition to that, it is clearly evident that one of the major benefits of big data in e-commerce is it extensively helps in making better strategic decisions as well as improves control of operational processes. E-commerce business
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35CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS has provided various choices of products at same range for the customers to make their selection. This option is not present in case of offline shopping. There have been various issues with the ecommerce business including misplace of products as orders. There are various cases reported where there have been misplaced of products during delivery. Furthermore, big data enables better understanding of customers and that is the reason why the companies are able to gather data about these users and apply predictive analysis techniques to send relevant and interesting updates, notifications and news. The big data influences various issues involving such as the appropriate executing framework for the purpose of storing the data, privacy and security issues, and producing functional and processing information from the data. Question 10: What is your working position in your company? OptionsResponsesResponses%Total respondents Manager4010 %400 Analytics Manager 12431 %400 E-commerce manager 8020 %400 SEO manager11629 %400 CRM manager 4010 %400
36CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Analysis:As per the graph and chart, 31% of the participants have been working as analytics manager. 29% of the participants have been working as SEO manager. In the figuring stage Artificial Intelligence holds a noteworthy spot as the essential goal of AI is to create advance machines whose work depends on the human knowledge. The essential goal of this creation is to grow such machined who thinks just as acts as indicated by the people. So as to convey such development innovation it is basic for the machines to learn and think the human exercises. Quantitative Analysis: For Amazon Employees This section of data analysis consists of qualitative description of the responses received from the Amazon employees. The qualitative approach is undertaken by involving 20 employees from Amazon in order to investigate the role of big data analytics in the field of e-commerce. Impact on e-commerce business intelligence The use of BI has helped in enhancing the technological aspect of the business strategies. IT has been helpful for the big data analytics as it help in making proper and instant decision for the development of the company in the market. The architecture of the BI in an organization has been done for predicting market trends and competitor for performing customer-targeted market. According to the majority of the employees, the online buyers and sellers are making use of big
37CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS data analytics for selling and buying products as well as building good customer relationship. Furthermore, according to the outcome of the interview further helps in understanding that the application of big data analytics helps in yielding better customer satisfaction by means of improving the service provisioned. Few of the employees described how big data could be utilized in e-commerce to build a better customer relationship. In addition to that, predictive analytics helps in predicting the customer’s choice of personalization. Opportunities in e-commerce using big data The e-commerce business extensively deals with online and offline big data considered as the source of data gathering. Traditional shopping system has been based on physical appearance of the customer to shop. It means that customers have to reach to shop for purchasing goods and products. Innovation in technology has helped purchasing of goods easier. Innovation in online shopping has raised the e-commerce business in the market. Now a day, customers used to purchase their goods and products online over the internet. Skills required to work with big data The respondents were asked to comment about the basic skills that are required in order to work with big data analytics in their organization. According to the analysis, the most important skills the employees need to have are Java, Hadoop, Python, SQL, Ruby and Qlikview. In addition to that, it is highly crucial to understand the importance of applying creative problem solving capabilities, teamwork and communication as well as data governance. E-commerce business have been helping in maintaining a keen approach to the development of business in the market. E-commerce business has provided various choices of products at same range for the customers to make their selection. Furthermore, improved customer service is highly important as the application of big data analytics. There are various cases reported where
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38CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS there have been misplaced of products during delivery. There have been delay in deliver due to various reasons an factors. These issues have been common in the e-commerce business. Customers have opt out for using their credit card, debit card, net banking or pay on delivery options. These options have helped in providing paying method for customers. Interpretations of secondary data The management of information system in an organization can be maintained by the use of big data analytics. A proper storage service system can be maintained with the help of big data analytics. As argued byYin and Kaynak(2015), big data has been compromising with several limitations including security issues. The big data provides a centralized database system that creates issue related to security of data and information stored in the database. It has been the fastest growing industry due to increase in the number of internet users all over the world. It has provided a new face of shopping to the customers. Online shopping has helped in providing doorstep delivery of purchased product over the internet. Therefore, customers do not have to travel to offline shop for purchasing goods and other products. Therefore, e-commerce has helped in making shopping easy for customers. The payment of the good and products have been done using online payment gateway (Gordini and Veglio 2017). The cultural aspects if the organizationcanbemaintainedbytheuseofbigdataanalytics.Ithelpsinproviding technological aspect of using different system together. The management of information system in an organization can be maintained by the use of big data analytics. Summary As concluded through the data analysis, it is evident that the research project has been successfully carried out in order to determine the degree of advantages devised by big data analytics. E-commerce is capable of enabling big data in order to reach to new heights as well as
39CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS positively channelized for achieving better results as well as improved employee productivity within the organizations. The respondents have readily recognized the significance of big data statistics and application within the organization.The use of the big data analytics have been helping in making a proper recommendation in the development of the company. The risks analysis using data analysis has been helpful in identifying various risks and issues in the organization models. The cultural aspects if the organization can be maintained by the use of big data analytics. It helps in providing technological aspect of using different system together.
40CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Chapter 5: Conclusion and Recommendations 5.1 Conclusion It can be concluded that big data is a combined collection of the digital data from inside as well as outside of the company. The big data is introduced in the ecommerce business which allowed the business to have access to the larger amounts of data, collective in addition to package for the investigation. The big data analytics is emerged as new frontier for the business innovationinwiderspectrumoftheecommercelandscapebecauseoftheissuesand opportunities which are created by means of information revolution.However, companies are lookingforminimizingtheseissuesduringdeliveryofproducts.Companieshavebeen implementing big data analytics that has helped in live tracking of the delivery goods and products to the doorstep of customers. This particular paper had examined interaction between big data analytics as well as product attributes along with analysis into the ecommerce business. Relationshipbetweenbigdataanalyticsandecommercebusinessshowsthatecommerce marketing is done throughout online advertisements. It helps the ecommerce companies for understanding the shopping behaviour of the customers. 5.2 Linking with the objectives Based onprocesses of data collection, researcher is required to link between research objectives and findings from the data analysis. Based on the objectives which are identified in Introduction section, the researcher linked related data such that credibility as well as success rate of this study can be developed. Linking Objective 1:To identify most important advantages of big data analytics in the field of ecommerce business in today’s world
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41CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS From the findings of data analysis, it is found that most of the respondents agreed that big data analytics has advantage in the field of ecommerce business. Based on the survey, the big data tracks the business transactions and information from the sensor data. It creates a larger volume of data and information. Data processing is analyzed streamed data for producing timely analysis of results in faster ways. The big data analytics is a cost advantages to the ecommerce business when larger amounts of data are stored. It helps the business to recognize new data sources which helps the business to make decisions based on business needs. Linking Objective 2:To identify the ways in which the big data advantages of the ecommerce business can be positively channelized in way to achieve better business results as well as improved employee productivity within the organizations By identifying trends of the customer’s requirements and customer satisfaction throughout data analytics, it creates products based on the needs of the customers. By analyzing the big data, the business can better understand the current market conditions such as analyzing the purchasing behaviors of the customers help the company to find out products those are sold mostly in the market and produce the products based on the market trends. By this, the ecommerce business can improve in productivity of the organization. Linking Objective 3:To identify the possible threats or other options that has the capability to replace big data operations in the future within the organizations especially in the ecommerce segment of business It is found that when items are in the stock then it is not generating the sales. It losses the money as it takes up space in the warehouse and there is wastage of time of the staffs those are not accounted for the inventory. The big data is keystone of the demand forecasting even it is not using advanced analytics of big data. It is analyzed that big data is a larger datasets
42CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS which are stored latest technology for providing insights to business and help in making decisions related to the business. Online shopping of big data is used to scale up the ecommerce along with delivered enhanced business services to the clients. The ecommerce analytics is helpful in the market as it helps to understand impact of analytics in the ecommerce businesses. 5.3 Recommendations Based on the data analysis results of research study, researcher had listed the recommendations which help to bring gap among the issues and developed business solutions. Based on the research study, the researcher is suggested to help the ecommerce business for adopting big data analytics in the organization. Price competitively:The ecommerce business should implement pricing strategy as a key determinants that the customers can choose the website for buying products. The user can check ecommerce sites for finding best deals which provides competitive prices(Gordini and Veglio 2017).With the big data analytics, it has ability to check how the competitors are priced the products and allowed to respond properly. Turn the visitors into buyers:When it is coming to time as well as effort, there is required to understand the goal of big data for achieving high conversion rate and turn the visitors into buyers. Big data should allow to provide clear picture why the visitors are leaving the site without purchasing any products and they can identify the on-site issues if any in the business. However, companies are looking for minimizing these issues during delivery of products(Zhang et al. 2018). Companies have been implementing big data analytics that has helped in live tracking of the delivery goods and products to the doorstep of customers. It would help the business to make improvement in decisions and provide proper shipping options.
43CRITICAL ANALYSIS OF ADVANTAGES OF BIG DATA IN BUSINESS Predict the market trends:Each of the online retailers is required to know its next bestselling products. With using big data analytics, it would help ecommerce business to predict the market trends which allow them to combine data from various social media posts. 5.4 Limitations of the study The research was being limited to the small business organizations only that were considered to determine the advantages and opportunities of big data analytics in ecommerce business. There was also limitation of time which did not allow using SPSS software for analyzing collected data. Financial constraints were also considered as restriction of the research study which limited quality of research study. 5.5 Further scope of the study With the technologies such as machine learning and artificial intelligence, the big data is relied technology for future usage. One of the instances of the big data future trends is emergence of the dark data. The big data future scope predicted that the data sets will come in light in this year and further transform the technology.
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