This report discusses the importance of big data in business development, with a case study of Spotify. It covers business strategy, technology stack, data analytics, MDM, NoSQL databases, and the role of social media in decision making.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: BUSINESS INTELLIGENCE USING BIG DATA Business Intelligence using big data Name of the student Name of the University Author’s Note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
2 BUSINESS INTELLIGENCE USING BIG DATA Table of Contents Introduction......................................................................................................................................3 Business Strategy for Big Data Use Case........................................................................................3 Business initiatives & objectives.....................................................................................................4 Technology Stack............................................................................................................................5 Data Analytics & MDM to support DS&BI....................................................................................7 Support of NoSQL for Big Data Analytics......................................................................................8 Different NoSQL databases & use in Big Data...............................................................................9 Role of Social media & human elements in organizations decision making process...................10 Conclusion.....................................................................................................................................11 References......................................................................................................................................13
3 BUSINESS INTELLIGENCE USING BIG DATA Introduction BusinessIntelligence&Analyticshasbeenemergingasanimportanttopicfor researchers & practitioners. This is related to the Big Data analytics that has been becoming strong in both the academic & business perspective. Various researches have been done on the Business Intelligence & analytics that have been helpful in maintaining a proper analysis of big data in business organization. It also helps in affiliate marketing of the services provided by the company to the users in the market.The user can look more songs over the social media platform a share their feelings related to the applications. Social media strategy has been one of the part of the business strategy for the company in the market. The business model of the company has been enhanced by the implementation of the social media in the business structure. This report has been focusing in the importance of the big data aim the business development of a company.This report is based on how Spotify has been extending its business strategy in the market. This report has discussed about the data analytics & MDM to support DS & BI. There have been discussion in different NoSQL databases & utilization in Big Data use case. Tis report has discussed about the importance of social media & human elements in Spotify in its decision making process. This report have outlined Big Data value creation process. Business Strategy for Big Data Use Case Big Data has been started in the late 20thCentury in the market.In recent years, it has been capturing market in its pace. Several organizations have been implementing big Data analytics in their business operations for gaining advantages.As commented by (Aljawarneh, Alawneh, & Jaradat (2017), the use of the big data has been creating opportunities for the
4 BUSINESS INTELLIGENCE USING BIG DATA business organization. There are various use case of the big data analytics including streaming analysis, advanced analytics, data warehouse, 360 degree view on customer & Operational efficiency. This report has focused on the streaming analysis used in the Spotify for streaming music & songs to the users. Figure 1: Big Data Use Case Framework (Source:Raghupathi & Raghupathi 2014) As commented by (Raghupathi & Raghupathi (2014),The commercial music streaming service Spotify has been launched in 2008 & have already 24 million active users. There are 3.7 million Facebook fans of Spotify. The company has a huge data base having 20 million songs online & everyday 20,000 new songs are added on to the database. Therefore, it can observe that Spotify deals huge amount of data at a time in their database. As mentioned byStimmel(2016), the implementation of the big data analytics in the company has been a great step by the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
5 BUSINESS INTELLIGENCE USING BIG DATA company.The big data has been helping in managing & monitoring huge amount of songs & data. Spotify is a data-driven company which depends on data & information. As commented byKambatla, Kollias, Kumar & Grama (2014),Spotify users create 600 Gigabyte of data per day & 150 Gigabyte of data per day through different services. Every day 4 Terabyte of data has been generated in Hadoop. Therefore, it becomes dofficult for the company tostore suchahuge amountof data& informationinthemarket.Asmentionedby (Govindaraju, Raghavan & Rao (2015),the use of the big data analytics in the company have been helping in maintaining this huge amount of data & information in the company. The company started as a python services provided to the customers in the market.The business strategy of the company has been a simple one. They have developed a workflow manager, Luigi by opening sources. Luigi is a python framework for data flow definition & execution. Business initiatives & objectives Business strategy has been an important part of the business organization. IT deals with the business models implemented in the company.The use of business models help in maintaining a keen approach to the development of the company in the market.As mentioned byBuyya et al. (2015),the Spotify has been able to maintain its business strategy & model for the prioritizing its business in the market. Big data has been a great approach to the maintenance of data & information in the organization. The scope of the project is depended on providing numerous number of songs to the user online.The business strategy has been targeting all type of users online. The company used to provide premium business services to premium customers. As commented byZakir, Seymour & Berg(2015), the premium services include removal of advertisements & download limit of sings from the Spotify. The bitrate of every song is changed to 320kbps. The company also helps in providing student subscription services to the students.
6 BUSINESS INTELLIGENCE USING BIG DATA These services have been increasing business strategy of the company in the market. However, there are three different subscription in the business including Spotify free version, Spotify premium & Spotify family. The business models & strategy has been focusing in the branding & revenue on advertisements.As mentioned byNajafabadiet al. (2015), there are various branding moments in the company that has been maintaining a keen approach to market. The use of various sponsors in the market has been helping in providing a different approach to maintain different subjects in the market. The use of several audio advertisements in the Spotify helps in generating revenues for maintaining a different approach to the market.The use of display advertisements helps in maintaining a peculiar approach to create revenue for the company over the application.The company has been able to launch an application that can be installed in android & iOS system. Technology Stack As suggested byRiggins & Wamba(2015), technology stack refers to the use of the combination of programing & analyzing tools for creating a product in the market. The business of the Spotify is totally depended on its marketing strategy.Therefore, there is a need of implementation of technological stack for solving business problems & minimize the total cost of ownership (TCO) & risks in technology during maximizing performances. Data h&ling has been one of the biggest challenges in this industry. The common data sources have been from an internet analytics tool. As commented byHu Wen, Chua & Li(2014), data feed contains 300- 400 data fields per record. Therefore, row sizes range from a thousand characters to 3-4 thousand characters per row. Sheer size of data has not been always only the driver of big data problems. It has been a contributing factor with huge no. of rows & columns in the database. Spotify is a data-drivencompanywhichdependsondata&information.AsmentionedbyWang,
7 BUSINESS INTELLIGENCE USING BIG DATA Gunasekaran, Ngai & Papadopoulos (2016),Spotify users create 600 Gigabyte of data per day & 150 Gigabyte of data per day through different services. Every day 4 Terabyte of data has been generated in Hadoop. Therefore, it becomes difficult for the company to store such a huge amount of data & information in the market.The huge number of IT organizations have been facing these challenges in the operational department of the company.The traditional response of huge quantities of data has been a straightforward & effective aggregation. The technology used in the company has been the creating a variety of chances & opportunity in the market. The big data analytics has been helping in maintaining the change in the traditional way of marketing & data string in the database. It has helped in in using advanced technology in the database capacity.As mentioned by Singh & Reddy (2015),the relational database has been changed by NoSQL database. The use of big data analytics has been imagining a keen approach to the maintenance of the technological aspect of the data storage.The traditional method of data storage is not able to store huge number of data & information in the database. The maintenance of the data & information has not been maintained in the traditional database.The big data analytics has been helping the Spotify in maintaining & storing databases. Data Analytics & MDM to support DS&BI As stated bySaa, Moscoso-Zea, Costales, & Luján-Mora, (2017),the poor quality of data storage in the database has been a major problem for company.The use of the Master Data Management (MDM). MDM is a modern technique that helps in maintaining & minimizing poor quality of data storage. Oracle‟s MDM employs powerful prebuilt data models that support operational workloads & service oriented architectures (SOA). It provides tools such as fast & secure parameterized search engines; duplicate identification, elimination & prevention; data attribute survivorship; data quality rules engines; hierarchy management; data standardization;
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
8 BUSINESS INTELLIGENCE USING BIG DATA real time change management; & data synchronization. As mentioned byLoebbecke & Picot (2015), it employsinterfacesto third party data augmentation& address standardization providers. The company has been focusing on the standardization in the centralized database. The company has been focusing on the Customer Relationship Management. Quality product data has been available for the Product LifeCycle management & ERP applications. MDM helps in holding authoritative governed dimension data. The use of the MDM techniques has been reporting various benefits in the maintaining the quality of data & information in the company. Figure 2: Big data Analytics Architecture (Source:Salehan & Kim2016) As mentioned bySalehan & Kim(2016), MDM has been holding corporate cross reference for key direction including product & customer. MDM helps in maintaining the id of connected system with the source system. Therefore, it creates & maintain a regular approach to the data & information included in the database. The implementation of the big data analytics in the company has been a great step by the company. The big data has been helping in managing
9 BUSINESS INTELLIGENCE USING BIG DATA & monitoring huge amount of songs & data. Spotify is a data-driven company which depends on data & information. The use of the big data analytics in the company have been helping in maintaining this huge amount of data & information in the company. The company started as a python services provided to the customers in the market. As commented byKwon, Lee & Shin (2014), it helps in maintaining a cross reference of the data & information stored in the database. This technique helps in maintaining an accurate reporting & analyzing in the database. Support of NoSQL for Big Data Analytics As mentioned by (), Big data has been focusing on huge volume of data & information in the database. The traditional database has been using relational database. This type of database has been creating problems in the analyzing huge number of data & information in the database. Various data sources are used in the data collection technique. This creates a lot of problems for the data base to manage data & information. Therefore, NoSQL helps in maintaining proper data base. . Various structured & unstructured are included in these huge volumes of data. Therefore, cloud servers are used to store such a large volume of data & information. The use of big data in theorganizationhasbeenhelpinginmaintaining&managinglargevolumeofdata& information. As mentioned bySalehan & Kim(2016), the efficiency of this work has been maintained by the big data analytics. The concept of big data analytics has helped in maintaining the databases of the companies in order to provide a proper maintenance of data & information. NoSQL provides different type of framework of databases that helps in providing agile process & high-level performance in data processing at huge scales. This help in increasing performance of database & high data processing ability. There is a varied set of difference between NoSQL & other traditional relational databases. The traditional databases are more structured in nature whereas the NoSQL databases trade off stringent consistency features in order to gain more
10 BUSINESS INTELLIGENCE USING BIG DATA speed & agility in data handling (Moniruzzaman & Hossain, 2013). The NoSQL distributed database infrastructure has been the solution to handling some of the biggest data warehouses on the planet – i.e. the likes of Google, Amazon, & the CIA. Different NoSQL databases & use in Big Data There are four types of NoSQL includingKey-Value Stores Database, Document Oriented Database, Column Store Database, & Graph Store Database.As mentioned byReyes- Ortiz, Oneto & Anguita(2015), the key-value database focuses on the data storage in the form of a pair. Therefore, this pair consist of a key & value chain. As commented by (), the data types has been lacking in providing an efficient & powerful model in order to maintain various standardized form of pair as attribute is the KEY & data has been related to the VALUE. However, the structure of the company needs to be combated with various other programmable languagesforcheckingtheaccessibilitycriteria.However,thesocialdatabasehasbeen maintainingasuperioradaptabletypeofinformationdisplayinwhicheachlineinthe information design can be unique. In document oriented database, report needs to be made by storing points of interest in the form of database. Therefore, the use of information needs to be kept away from the record that can be utilized for making different inquiries in the database. This comes helpful while utilizingblogtypeofuse&puttingawaymachineorsensor-producedinformation.As commented byChen, Preston & Swink(2015), in Graph Database, the information is put away with a connection to the non-exclusive charts. The hubs help in the investigation & research of the relations & the association. The information composes makes utilization of the edges & the hubs to make speak to & portrayal of the information & closes by the store it. The hubs are
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
11 BUSINESS INTELLIGENCE USING BIG DATA utilized for the portrayal of articles & the edges are utilized for the generation of the relations. Segment Store Database can be said to be the customary type of database (Takkar 2017). Role of Social media & human elements in organizations decision making process Decision making process has been an important point in the organizational structure. The use of the decisions making system in the organization has been maintaining the growth of the company in the market. The decision making policy has been an important factor in the market. Implementationof the social media in the decision making system has been helping in maintaining the growth of the company in the market.As mentioned byLee, Ardakani, Yang & Bagheri(2015), most of the youngsters & teenagers are available in the social media sites including Facebook, Twitter & Google++. Therefore, these platforms helps in online marketing of the services & products offered by any company. In this case, Spotify might provide their advertisements over the internet through social media platforms. Social media platforms helps in providing a huge number of customers & users over the internet. Therefore, the databases of the company might be filled with a huge number of data & information about the users of the applications over the internet. The feedback of the customers & users over the internet might help in taking decision in the system. The changes & upgrades in the application might get easier for the developer in the company. As mentioned byXu, Frankwick & Ramirez(2016), social media helps in maintaining a keen approach in the development of the customer base over the internet. The use of the social media in the company might help in accessing various profiles of the customers in order to understandingtheir taste of music. It also helps in affiliate marketing of the services provided by
12 BUSINESS INTELLIGENCE USING BIG DATA the company to the users in the market.The user can look more songs over the social media platform a share their feelings related to the applications. Social media strategy has been one of the part of the business strategy for the company in the market. The business model of the company has been enhanced by the implementation of the social media in the business structure. The quality of the marketing & advertising of the company has been increased with the help of the social media platformthe decision taken by the management of the company helps in providing path form the developers of the application in order to growth in the market. The communication between the customers & company officials can be increased with the implementation of the social media. As stated bySaa, Moscoso-Zea, Costales, & Luján- Mora, (2017), both way communication between company & users helps in creating transparent channel for communication in order to increase the sales of the services provided to the users in the marmite. The internet has been considered as one of the most important feature in might of marketing & advertising services of the company. Social media platforms are made for sharing feelings, emotions & opinions of users over the internet. This have helped in exploring the world related to the online communities of people. Conclusion It can be concluded that the Spotify has been able to gain the competitive advantages in the market. The company has been successfully adopted the social media marketing platform for growth in the business. The information of the big data has been helping in maintaining the database of the company. The big data has been able to change the traditional relational database to advanced NoSQL database.The use of NoSQL has helped in maintaining & increasing the performance of the database. NoSQL has helped in increasing the performance of the data processing & analyzing in the market. The business strategy of the Spotify has been discussed in
13 BUSINESS INTELLIGENCE USING BIG DATA the report. A proper discussion in the data analytics & MDM has been provided in the report. This helps n maintaining appropriate approach to the development of the company in the market. The use of the big data analytics in the company has been explained in the report.The importance of the social media in the development of the decision making system has been explained in the report.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
14 BUSINESS INTELLIGENCE USING BIG DATA References Akter, S. & Wamba, S.F., 2016. Big data analytics in E-commerce: a systematic review & agenda for future research.Electronic Markets,26(2), pp.173-194. Akter, S., Wamba, S.F., Gunasekaran, A., Dubey, R. & Childe, S.J., 2016. How to improve firm performanceusingbigdataanalyticscapability&businessstrategy alignment?.International Journal of Production Economics,182, pp.113-131. Ali, A., Qadir, J., ur Rasool, R., Sathiaseelan, A., Zwitter, A. & Crowcroft, J., 2016. Big data for development: applications & techniques.Big Data Analytics,1(1), p.2. Alipourfard, O., Liu, H.H., Chen, J., Venkataraman, S., Yu, M. & Zhang, M., 2017, March. CherryPick:AdaptivelyUnearthingtheBestCloudConfigurationsforBigData Analytics. InNSDI(Vol. 2, pp. 4-2). Alsheikh, M.A., Niyato, D., Lin, S., Tan, H.P. & Han, Z., 2016. Mobile big data analytics using deep learning & apache spark.IEEE Network,30(3), pp.22-29. Archenaa,J.&Anita,E.M.,2015.Asurveyofbigdataanalyticsinhealthcare& government.Procedia Computer Science,50, pp.408-413. Baumann, P., Mazzetti, P., Ungar, J., Barbera, R., Barboni, D., Beccati, A., Bigagli, L., Boldrini, E., Bruno, R., Cal&ucci, A. & Campalani, P., 2016. Big data analytics for earth sciences: the earthserver approach.International Journal of Digital Earth,9(1), pp.3-29. Belle, A., Thiagarajan, R., Soroushmehr, S.M., Navidi, F., Beard, D.A. & Najarian, K., 2015. Big data analytics in healthcare.BioMed research international,2015.
15 BUSINESS INTELLIGENCE USING BIG DATA Beneventi, F., Bartolini, A., Cavazzoni, C. & Benini, L., 2017, March. Continuous learning of HPC infrastructure models using big data analytics & in-memory processing tools. InProceedings of the Conference on Design, Automation & Test in Europe(pp. 1038- 1043). European Design & Automation Association. Bhatnagar, V. & Kumar, N., 2015.Big Data Analytics. Springer International Publishing. Buyya, R., Ramamohanarao, K., Leckie, C., Calheiros, R.N., Dastjerdi, A.V. & Versteeg, S., 2015, December. Big data analytics-enhanced cloud computing: Challenges, architectural elements, & future directions. InParallel & Distributed Systems (ICPADS), 2015 IEEE 21st International Conference on(pp. 75-84). IEEE. Cao,M.,Chychyla,R.&Stewart,T.,2015.BigDataanalyticsinfinancialstatement audits.Accounting Horizons,29(2), pp.423-429. Cevher, V., Becker, S. & Schmidt, M., 2014. Convex optimization for big data: Scalable, r&omized,¶llelalgorithmsforbigdataanalytics.IEEESignalProcessing Magazine,31(5), pp.32-43. Chen, D.Q., Preston, D.S. & Swink, M., 2015. How the use of big data analytics affects value creationinsupplychainmanagement.JournalofManagementInformation Systems,32(4), pp.4-39. Esposito, C., Ficco, M., Palmieri, F. & Castiglione, A., 2015. A knowledge-based platform for Big Data analytics based on publish/subscribe services & stream processing.Knowledge- Based Systems,79, pp.3-17.
16 BUSINESS INTELLIGENCE USING BIG DATA Fan, S., Lau, R.Y. & Zhao, J.L., 2015. Demystofying big data analytics for business intelligence through the lens of the marketing mix.Big Data Research,2(1), pp.28-32. G&omi,A.&Haider,M.,2015.Beyondthehype:Bigdataconcepts,methods,& analytics.International Journal of Information Management,35(2), pp.137-144. G&omi,A.&Haider,M.,2015.Beyondthehype:Bigdataconcepts,methods,& analytics.International Journal of Information Management,35(2), pp.137-144. Govindaraju, V., Raghavan, V. & Rao, C.R., 2015.Big data analytics(Vol. 33). Elsevier. Hashem, I.A.T., Yaqoob, I., Anuar, N.B., Mokhtar, S., Gani, A. & Khan, S.U., 2015. The rise of “big data” on cloud computing: Review & open research issues.Information Systems,47, pp.98-115.