logo

Big Data-Driven Decision Making and Artificial Intelligence Assignment

   

Added on  2020-10-22

9 Pages2040 Words489 Views
Data Science and Big DataArtificial Intelligence
 | 
 | 
 | 
Big Data-Driven Decision Making and ArtificialIntelligence: That Could Leverage Organisation’s Data toImprove the Operational and FinancialPerformance
Big Data-Driven Decision Making and Artificial Intelligence Assignment_1

Table of ContentsCHAPTER 1: INTRODUCTION....................................................................................................11.3 Research Question and Objectives........................................................................................31.4 Framework and analysis........................................................................................................41.5 Contribution of research........................................................................................................5REFERENCES................................................................................................................................7
Big Data-Driven Decision Making and Artificial Intelligence Assignment_2

CHAPTER 1: INTRODUCTIONThe main purpose of research is to analyze role of big data and artificial intelligence instrategic decision making of organisation. In recent times, many new technologies has emergedwhich is been used by businesses. In that big data is has enabled in gathering and storing dataand information. It has benefited in making strategic decisions through which their financial andoperational efficiency is improved. Also, many studies on big data is been conducted on itsimpact, benefits or challenges faced by business. But in this study it is been evaluated about howuse of big data can influence organisation operational and financial performance. Alongside it,introduction chapter includes elements identified below :- Defining research problemIdentify aim and objective of studyResearch questions 1.1 Problem descriptionIn recent times, information technology is been used in all businesses. It has allowed ingathering of data and information. Technological advancement has resulted in transformingbusiness operations and functions. It has also created a great impact on human life as well. Thefrequent development in technology and use of computers is bringing major changes in businessperformance. Now, organisations are able to use of advance IT tools and equipments in manyfunctions. However, IT has provided vast number of opportunities for business to grow anddevelop. It has given many advantages in decision making, maintaining quality, use of data andinformation, etc. IT is used in many sectors such as education, retail, construction, etc.Moreover, by using computer system processes, communication and many other things areimproved. In similar way big data is also a technology used by business. It stores large data setswhich can be easily analyzed. The data is stored in real time which provides change in trends bygiving outputs. Big data is used by small and large organisations. It has integrated overall business datainto centralised one. With this it has become easy to develop strategies and take effectivedecision. The emergence of big data in business has solved many complex problems. Thecollection of data gives an insight on what changes may occur, market trends, economic stability,etc. Big data is much more rather than technology. Today, companies are able to gather largeamount of data and analyze them. It has benefited firms to gain competitive advantage, develop1
Big Data-Driven Decision Making and Artificial Intelligence Assignment_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Big Data driven decision making and Artificial Intelligence
|11
|1189
|203

Artificial Intelligence and Data Mining: A Review
|29
|5886
|181

Impact of Information Technology on Business: Ethical and Social Issues, Computer Networks, and Artificial Intelligence
|12
|4006
|435

BIG Data and it's Impact on Business- Report
|11
|2857
|24

The Influence of Artificial Intelligence on Internal Environment
|11
|2763
|320

Emergence of Artificial intelligence in Business as Business Intelligence
|7
|1605
|91