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Big Data: Characteristics, Challenges, Techniques, and Business Support

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Added on  2023-06-09

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This report covers the definition and characteristics of Big Data, the challenges faced by organizations in analyzing it, and the techniques available for analyzing it. It also discusses the support that Big Data can provide to businesses, including maximizing product quality, making good decisions, utilizing funds, and choosing capable consumers. The report concludes that Big Data can help businesses improve their performance and profitability.

Big Data: Characteristics, Challenges, Techniques, and Business Support

   Added on 2023-06-09

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BIG DATA
Big Data: Characteristics, Challenges, Techniques, and Business Support_1
Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
What is Big Data for an organisation along with its characteristics:.....................................3
Challenges of Big Data Analytics:.........................................................................................4
Techniques that are big available in order to analyse big data:..............................................5
Support that big data could provide to a business along with examples:...............................6
CONCLUSION................................................................................................................................7
POSTER...........................................................................................................................................8
REFERENCES................................................................................................................................9
Big Data: Characteristics, Challenges, Techniques, and Business Support_2
INTRODUCTION
Big data involves unstructured and semi structured data that are being converted into
structured data so that is can be easily used by the organisation. Big data is very effective source
for an organisation that provide complete information regarding customer’s details, contact
details of all the suppliers, major clients that provide business to the organisation and so on. This
report consists of consist of complete details about big data and multiple challenges that are
being faced by the corporation while executing big data techniques in an organisation. Further
this report discusses about the readily available technique in the market that can be used by the
organisation by customising the same as per their needs and requirements. At the end of this
report the detailed explanation has been carried out that how business could improve the quality
of their product and services they offered to their consumer with the help of big data (Bansal,
Chana, and Clarke, 2020).
TASK
What is Big Data for an organisation along with its characteristics:
From time to time there has been the technological advancement and innovation in the
field of technology and it is the need of every business to update their process accordingly so that
their work could not hamper. Due to advancement in the technology there is an increase in the
data from time to time. This information that are being gathered from time to time are considered
as Big data. Various corporation stored such information in that data set that they hold and for
storage they need technical devices due to volume of such data. In the modern era data could be
stored on ecloud easily which is not possible for those companies working in 80s or 90s since at
that time work will be done manually and storage cannot be possible on online mode. Internet
fills the huge gap that differentiates working carried out with offline mode and online mode that
saves time and cost for the entities. Big data is considered to be a very economical technique for
an organisation and it is considered to be secure too with respect to protection of data (Cappa,
Oriani, and McCarthy, 2021).
Characteristics of Big Data:
Big data consist of organised, semi organised and unorganised data that are being composed
together by the corporate with the help of instrument learning projects other than analytical
models or tools. The following is the characteristics of big data that are being explained below:
Big Data: Characteristics, Challenges, Techniques, and Business Support_3

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