This report discusses the importance of big data management techniques for businesses to develop effective data management. It covers the characteristics of big data, challenges faced in big data analytics, and techniques available to analyze big data. The report also highlights how big data technology can support business growth and development.
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Big Data and its dimensions
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Table of Contents INTRODUCTION..........................................................................................................................3 A brief overview of big data.......................................................................................................4 Characteristics of big data...........................................................................................................4 The challenges of big data analytics and techniques available to analyse big data....................5 Big data technology could support business by using examples................................................6 CONCLUSION...............................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION In the modern IT world, big data management techniques helps a business to develop effective measures in order to develop data management(Chen, Ramanathan, and Alazab, 2021). This is crucial role of a business entity to take into consideration application of big data management for welfare of the whole company. The big data management is also termed as a key approach which is beneficial in development of company's strength. All major companies at the marketplace should focus on management of big data for systematic arrangement of data. This project includes analysis and explanation of different consequences and issues which are essential in briefly analysing big data . The report includes big data management and different practicesthatcansupportabusinessfunctioningandthewayinwhichitcanhelpin development of a business.
MAIN BODY A brief overview of big data In the recent times it is important for a business to focus on analysing big data with different techniques. The big data is a practice of management of data through software and cloud based services in order to lead the marketplace. Big data technology is increased with the enhancement in globalisation. The evolution of big data based practices in recent times have directed different traditional business organisations to shift to digital business. In the corporate world also big data techniques are emerging in an effective manner. All major companies in the international and national marketplace focus on developing IT practices in a professional manner (Chen, Lin, and Wu, 2020). The different sets of example related to big data technology includes Hadoop, Spark, NO-SQL, Hive and cloud. Practices based on big data involve effective measures which enable a company to develop data protection of different customers. Data synchronisation and management helps a company to deliver effective practices related to big data. The data storage and data mining also facilitate a company to develop major practices related to big data management. Characteristics of big data In the management of big data practices, there are different characteristics which put a major impact on development of crucial aspects. It is important and compulsory for an individual to analyse different characteristics related to big data for focused development. The different characteristics of big data management are mentioned below: ï‚·Volume of data-The volume of data is described as the amount of data involved in storing a crucial information. In big data management, the volume of data is considered as a major parameter which includes high level of data storage(Ferraris, Mazzoleni, and Couturier, 2019). It is also one of the crucial role of a business to develop major big data management for storing the data. ï‚·Variety of data-In the data management, variety of data includes application of data in different ways. The variety of data includes segmented data into different parts which enables a company to divide data. The data is divided into different parts which includes different dimensions of data development in recent times. ï‚·Velocity of data-The velocity of data includes, transferring speed of data which is important to be traced by the company. It is crucial role of a business entity to focus on
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data transfer techniques in order to lead the marketplace. The advanced tools which are used as a software to manage big data are HPCC and HADOP. The management of velocity of data is considered as a key approach used by a business to focus on customer management. The challenges of big data analytics and techniques available to analyse big data In the functioning of a business, big data management play a crucial role in development of data based practices. The development of big data technology also helps a business to perform effective operations related to customer information management(Gupta, Kar, Baabdullah, and Al-Khowaiter, 2018). There are various issues and challenges faced by big data technology which creates major obstacle for it. In order to handle different consequences and challenges related to big data analytics it is essential for a business to focus on long term development goals. The major challenges related to big data management are mentioned below: ï‚·Data integration-The management of data is an essential for a company along with the integration. Arrangement and integration of big data is a crucial challenge. This is the major responsibility of research and development department to focus on integration of data for long term development of a company. ï‚·Complexity of data- The rigidity of data is essential to be solved by a researcher as it is one of the most crucial step taken for development(Trelewicz, 2017). In order to solve thedataandmakeitflexible,itisimportantforthecompanytotakehelpof professionally trained IT experts. ï‚·Security of data-The security of data is considered as major practice which involves safety of data in order to provide best customer experience(Hopkins, and Hawking, 2018). This also helps a company to manage data over cloud with three step security verification. All major companies in the global and domestic marketplace focus on protecting the data using major software and approaches. The techniques available to analyse big data are mentioned below:
ï‚·Mining of data-It is essential for a business to focus on data mining in order to analyse its crucial aspects along with information. The data mining also includes large data setting patterns from more amount of data and combining them. ï‚·Machine learning-The machine learning includes application of artificial intelligence in order to develop at the marketplace(Mandal, 2018). These operations include human based intelligence approach which helps in development of machine based learning and data management. ï‚·Statistics based approach-In the recent times, it is important role of a business entity to use statistical methods to approach precise data management. The data interpreted in graphs and statistical way, helps a business to easily analyse and understand data development. Big data technology could support business by using examples The big data technology is an important approach which is beneficial for a company to measure different types of data techniques in order to develop and expand. The big data technology and its application is essential to maintain competitive advantage(Sharma, Borah, and Namasudra, 2021). Operations related to big data should be developed with effectiveness in order to help a business entity. The main factors which states that big data technology play a crucial role in supporting an organisation are mentioned below: ï‚·Management of data-In the management of data related to different customers and business related parameters, big data technology play a significant role. All data related to customer's name, profile and needs should be considered by a business to manage the data. IT based practices which are essential in development of data management also helps a company to deliver best business practices. ï‚·Privacy of data-The big data management helps in handling privacy of data which is essential for business development(Sheeran, and Steele, 2017). In the recent times, it is important role of a business to maintain crucial privacy of different customers in order to survive at the marketplace. The privacy of data and its maintenance helps a business to overcome different issues and consequences of data theft. ï‚·Customer engagement-With the help of big data management, a company can easily develop and facilitate customer participation. In the recent times, customer engagement is considered as a key approach in development of buying behaviour(Wright, Robin, and
Aravopoulou,2019). The development of customer engagement is helpful in increasing the revenue and profitability of a company in a short period of time. ï‚·Businessdevelopmentandgrowth-Thegrowth andexpansionofa businessis facilitated by the help of big data management technology(Sledgianowski, Gomaa, and Tan,2017).Thebusinessorganisationalsoachievesseveralbenefitsandmajor advantages with help and support of big data technology.
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CONCLUSION From the above stated report it can be concluded that it is crucial for a business to take into consideration various techniques related to big data management to expand business. This project concludes importance of IT management in order to focus on various dimensions of development. The report concludes that it is key role of management of a business to develop various factors related to Information and technology. This discussion also concludes that it is important for a business to focus on big data management for long term development of a business firm.
REFERENCES Books and Journals Chen, J., Ramanathan, L. and Alazab, M., 2021. Holistic big data integrated artificial intelligent modeling to improve privacy and security in data management of smart cities.Microprocessors and Microsystems,81, p.103722. Chen, P.T., Lin, C.L. and Wu, W.N., 2020. Big data management in healthcare: Adoption challenges and implications.International Journal of Information Management,53, p.102078. Ferraris,A.,Mazzoleni,A.,andCouturier,J.,2019.Bigdataanalyticscapabilitiesand knowledge management: impact on firm performance.Management Decision. Gupta, S., Kar, A.K., Baabdullah, A. and Al-Khowaiter, W.A., 2018. Big data with cognitive computing: A review for the future.International Journal of Information Management,42, pp.78- 89. Hopkins, J. and Hawking, P., 2018. Big Data Analytics and IoT in logistics: a case study.The International Journal of Logistics Management. Mandal, S., 2018. An examination of the importance of big data analytics in supply chain agility development: A dynamic capability perspective.Management Research Review. Sharma, P., Borah, M.D. and Namasudra, S., 2021. Improving security of medical big data by using Blockchain technology.Computers & Electrical Engineering,96, p.107529. Sheeran, M. and Steele, R., 2017, October. A framework for big data technology in health and healthcare.In2017IEEE8thAnnualUbiquitousComputing,ElectronicsandMobile Communication Conference (UEMCON)(pp. 401-407). IEEE. Sledgianowski, D., Gomaa, M. and Tan, C., 2017. Toward integration of Big Data, technology and information systems competencies into the accounting curriculum.Journal of Accounting Education,38, pp.81-93. Trelewicz, J.Q., 2017. Big data and big money: The role of data in the financial sector.It Professional,19(3), pp.8-10. Wright, L.T., Robin, R., and Aravopoulou, D.E., 2019. Adoption of big data technology for innovation in B2B marketing.Journal of Business-to-Business Marketing,26(3-4), pp.281-293.
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