Big Data: Definition, Challenges, and Impact on Business Organizations

Big Data

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Define the term big data and what are the attributes that explain this term?.....................3
2. What are the problems that are faced in the analysis of big database and the various
methods that are accessible to examine the big data?............................................................4
3. In what ways does the big data methodologies help the business organisations, take the help
of illustrations to explain the techniques?..............................................................................5
CONCLUSION................................................................................................................................6
Poster................................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
More than half of the business managers in today's times are not having the useful
insights that they need for making the important decisions for their companies. The main reason
for the occurrence of this situation is the problem of big data. It implies to the immense amount
of data that exists with the companies in present scenario from which they are supposed to
extract the important information’s (Elhoseny, and et.al., 2018). In this report, the concept and
characteristics of big data is explained. Also the challenges that are faced by the companies due
to big data and its analytics is also presented in the report. It is also discussed, how big data
technologies influences businesses in today's scenario and what are its impact.
MAIN BODY
1. Define the term big data and what are the attributes that explain this term?
Big data implies to those information’s and details that cannot be processed, examined or
analysed using the conventional tools and traditional methods. Big data constitutes of data that
has ample and large amount of content and huge subject matters but it is very difficult to extract
value and reasonable conclusions from that data set.
Characteristics of big data:
1. Volume: In earlier times, the data stored and extracted is not even 1/10th of the data the
amount of data that is being produced in today's times. The magnitude of data that is
being generated in present world has broken all the limits, with organisations generating
terabytes of data every single hour (Ghasemaghaei, and Calic, 2019).
2. Variety: The huge volume of big data has resulted in a new problem associated with the
variety of data that is being generated. With the explosive amounts of data being
extracted daily, ranging from the technological data to raw data then the semi structured
database, the big data in an organisation has become very complex and intricate making it
difficult for companies and its managers to extract out all the useful and practical useful
information form the whole data set. Sometimes the data in the forms of videos and
images does not gets stored easily, that results in certain information’s either being half
understood or being ignored at all (Ghasemaghaei, 2018).
3. Velocity: Same as the volume and variety of data being generated, the companies also
need to focus on the velocity at which the data is being collected. To enhance the data