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Business Innovation and Performance Assignment

Added on - 17 Jun 2021

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Running head: BUSINESS INNOVATION AND PERFORMANCEBusiness Innovation and PerformanceName of the StudentName of the UniversityAuthor note
BUSINESS INNOVATION AND PERFORMANCE1Executive SummaryThe report has helped in analysis of the role of the open and big data in the businessperformances and innovations. Proper analysis of the different kind of challenges of the bigdata has been analysed in an effectual manner that has created huge issues in the businessperformance.The main aim and purpose of the report is to perform the literature review on the role of thebig data analytics in an effectual manner. proper analysis has been done in order to reducesuch challenges in an appropriate manner.
BUSINESS INNOVATION AND PERFORMANCE2Table of ContentsIntroduction................................................................................................................................3Project Objective........................................................................................................................3Project Scope..............................................................................................................................3Literature Review on role of Big Data on Business Performance and Innovation....................3Big Data for Business.................................................................................................................4Attributes of Big Data................................................................................................................7Role of Big Data in Enhancing Value of Business through business intelligence.....................8Big Data Analytics in enabling absorptive capacity of firms..................................................12Big Data Analytics Challenges in context of Business Intelligence........................................13Conclusion................................................................................................................................15References................................................................................................................................16
BUSINESS INNOVATION AND PERFORMANCE3IntroductionThe report helps in analysing the importance and essentiality of the big and open dataon the business innovations and performance. The main aim of the open and big data is toprovide better usage of the different resources along with storage that helps in reducing thecomputation of time along with proper decision-making of the business. Big and open dataaffects the business in a positive manner and this provides benefits to the organization aswell.Project ObjectiveThe main objective of the project is to:To analyse the importance of open and big data on businessTo analyse the different challenges and ways to overcome such challenges in aneffectual mannerProject ScopeThe cope of the projects is limited in nature; however, this project will help inimproving the knowledge of the assessor and researcher regarding the different importance ofthe big data on the performance of the data in an effectual manner. The big data analytics hasto be analysed in an effectual manner. The role of big data has to be identified to understandthe importance of the same in the business.Literature Review on role of Big Data on Business Performance and InnovationThere are different kind of organizations that are grappling with what the big data isand the effect of the same on the different kind of organizations. The benefit of the big andopen data on the different organizations wherein the different analysis is required to be donein order to provide the customers with proper and accurate knowledge on the big and open
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