Big Data and its Applications

Verified

Added on  2020/04/07

|18
|4076
|52
AI Summary
This assignment delves into the multifaceted world of big data, encompassing research methodologies employed to analyze it and its broad applications across various sectors. It emphasizes understanding how big data is leveraged in government, healthcare, and other domains for value creation and innovation. The assignment encourages critical analysis of relevant research papers and a synthesis of key findings.

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
Running head: USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Use of data analytics in providing business value to organizations
Name of the Student:
Name of the University:
Author note:

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
1USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Abstract
Big data analytics programming is intended to work with huge information stages, which
incorporate Hadoop bunches worked around ware servers and versatile conveyed stockpiling,
NoSQL database frameworks and concentrated elite investigation databases. The instruments
bolster prescient demonstrating and information mining strategies and are fit for scaling as more
information is fused into explanatory models. Dealing with the numerous items delegated
enormous information investigation programming can settle on your purchasing choice
considerably more troublesome, as the usefulness, highlights and capacities of these apparatuses
are frequently comparative. It has been streamlined that procedure for you in this present
purchaser's guide. Here, it will enable to build up your organization's particular targets and guide
them to the characteristics of items and suites from nine of the best business and open source
enormous information examination programming merchants. This will help in narrowing down
your rundown of applicant merchants to the ones whose items best address your association's
particular huge information utilize cases that is discussed in the study.
Document Page
2USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Table of Contents
Chapter 1: Introduction........................................................................................................4
1.1 Background....................................................................................................................4
1.2 Aims and objectives.......................................................................................................4
1.3 Research questions.........................................................................................................5
1.4 Research rationale..........................................................................................................5
Chapter 2: Literature review................................................................................................7
2.1 Preface...........................................................................................................................7
2.2 Three stages for an effective enormous information and examination execution.........7
2.3 Role of big data analytics in business............................................................................8
Chapter 3: Research Methodology....................................................................................11
3.2 Method Outline............................................................................................................11
3.3 Research philosophy....................................................................................................11
3.4 Research approach:......................................................................................................12
3.5 Research Design..........................................................................................................13
3.6 Data collection process................................................................................................13
3.7 Data analysis strategy..................................................................................................14
3.8 Population and test.......................................................................................................14
3.9 Selectiability................................................................................................................14
3.10 Reliability..................................................................................................................15
3.11 Ethical Considerations...............................................................................................15
Document Page
3USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Chapter 1: Introduction
1.1 Background
Big Data Analytics used to be the area essentially of substantial associations and
organizations with organizations rotating around information, for example, showcasing and data
administrations suppliers (Groves et al. 2016). In any case, with cost factors to a lesser extent a
hindrance today - and the accessibility of a more extensive scope of huge information stages and
programming - the innovation is being received by a developing number of information driven
organizations of all sizes over all businesses.
These organizations are utilizing big data analytics programming to quickly break down
gigantic measures of information progressively, including organized exchange information,
unstructured information, for example, online networking posts, log documents from versatile
applications and machine and sensor information (Kim, Trimi & Chung, 2014). Thusly, the bits
of knowledge got from these investigations can convert into enhanced operational productivity,
new income openings and upper hands over business rivals.
1.2 Aims and objectives
The research will have aims to investigate the role of big data analytics in business
intelligence,
Additionally, objectives of the research can be explained as followed.
To find out the factors that can add value in business of an organization
To critically analyze the role of big data analytics in business of an organization

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
4USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
To analyzes the challenges faced by the organization in using big data analytics
To recommend solutions for overcoming the challenges
1.3 Research questions
What are the factors that can add value in business of an organization
How big data analytics impact on business of an organization?
What are the challenges faced by the organization in using big data analytics?
What are the solutions for overcoming the challenges?
1.4 Research rationale
Previously, the inquiries for developing business of an organization were depended on a
basic examination of the adjust sheet and an emphasis on the organization's future expected
incomes and benefits (Gandomi & Haider, 2015). Presumptions were additionally made about
the estimation of immaterial resources, from scholarly capital and worker abilities to client
devotion and future development potential, prompting very subjective valuations. In order to
recognize new wellsprings of significant worth that exist in an association and can be abused,
and to develop future open doors for esteem creation what's more, assurance, many forward-
looking organizations are swinging to huge information and examination. Fundamentally,
examination can empower an association to adequately develop, advance and secure esteem. On
the other hand, big data has turned into a significant device for making an incentive in a
business.
By giving a complete perspective of economic situations, client needs and inclinations,
and potential venture dangers, big data can take out dependence on "gut feel" basic leadership.
Document Page
5USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Associations can comprehend and grasp developing open doors furthermore, adjust items and
administrations to evolving client needs making extra an incentive for partners all the while
(Demirkan & Delen, 2013). Furthermore, enormous information can enable associations to
ensure esteem in view of powerful hazard relief and consistence with consistently evolving
directions. This is particularly critical for organizations catching with the ramifications of the
new European Union (EU) General Data Privacy Regulation set to be formalized by the EU in
2015.
Thirdly, examination can enable associations to discover also, measure immaterial
wellsprings of significant worth more viably; uniting hard actualities from the asset report with a
scope of subjective confirm, for example, worker aptitudes, client slant, item advancement and
topographical impression. The outcome is a more complete comprehension of what drives an
organization's valuation while offering an unmistakable approach to oversee esteem and convey
it to an extensive variety of partners and the market. In this synopsis we give you a review of
inquire about from EY and Nimbus Ninety, which looks at how organizations are as of now
utilizing huge information investigation to discover, measure, make and ensure esteem crosswise
over practical zones (Katal et al. 2013). Strikingly, the inquire about demonstrates that while
81% of associations figure information ought to be at the core of each business choice, most are
as yet utilizing investigation in a segregated approach to address particular business issues,
constraining the potential incentive to increment execution and productivity.
Document Page
6USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Chapter 2: Literature review
2.1 Preface
Present chapter deals with literature review from various sources. The steps for
implementing big data analytics are described. In addition, role of big data in adding value of a
business organization is also discussed in the present chapter.
2.2 Three stages for an effective enormous information and examination execution
For an association to completely profit by a major information and examination
execution, they should hold fast to the three systems laid out by IBM:
Manufacture a culture that imbues investigation all over the place by implanting
investigation into business procedures and representative cooperation, associations can build up
an all inclusive culture of advancement (Agarwal & Dhar, 2014). Building up an anomaly
determined and experience inspired workforce requires a precise approach:
● Start with the general population. An investigation driven culture requires workers who
are energetic and gifted in investigating information also, content. These clients must
comprehend the ramifications of basic information indicates and apply knowledge each
assignment. Organizations that support this sort of conduct can free groups that have needed to
settle on urgent choices in view of nature and past encounters alone.
● Infuse investigation into key business forms. For representatives to drive most extreme
esteem, associations must specialist examination driven business procedures and practices.
Advertisers can expand income by utilizing examination to tailor extraordinary offers to people.

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
7USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Cases handling groups can distinguish false claims for encourage examination. Medicinal
services groups can even utilize examination to uncover the best treatment conventions.
● Deploy the full scope of examination. Elucidating examination can enable workers to
better comprehend what has happened. Demonstrative investigation can clarify why an occasion
happened. Prescient investigation can discover examples and see what is probably going to
happen (Sekaran & Bougie, 2016). Prescriptive investigation can enable clients to settle on a
strategy. Psychological investigation can even learn new data and make proposals. Workers must
apply each of these scientific models to get understanding from human choices, administration
frameworks, and machine-to-machine forms.
2.3 Role of big data analytics in business
The heightening volume, assortment, and speed of data that is being produced today can
give organizations numerous basic difficulties. Be that as it may, this excess of data can likewise
be an essential resource for those associations that pick to gain by it. Capable huge information
and investigation arrangements are presently being utilized to examine this blast of data and in a
general sense change the way that associations oversee their every day operations. The
preferences to be picked up from huge information and examination are generous. Associations
that are forcefully seeking after examination what's more, data procedures are separating
themselves from their opposition (Gereffi & Fernandez-Stark, 2016). In the mean time, many
organizations that disregard to actualize huge information and examination are attempting to
keep up piece of the overall industry. An examination that was led by the Saïd Business School
at the University of Oxford and the IBM Institute of Business Value portrayed the developing
energy of enormous information furthermore, investigation:
Document Page
8USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
● Sixty-three percent of respondents revealed that the utilization of data—including huge
information and examination—is making a upper hand for their associations
● When contrasted with organizations that depend on customary investigation alone,
associations that executed huge information and examination pilot tasks or organizations are 15
percent more prone to report a huge favorable position from their data resources and analytics
Moreover, the IBM Institute of Business Value additionally found that 75 percent of pioneers
refer to development as the key wellspring of significant worth from analytics (Assunção et al.
2015). Associations in a wide scope of businesses have figured out how to incorporate enormous
information and examination into their business and culture.
In order to accurately decide the extent of a major information and examination
execution, organizations frequently start by concentrating on the zones where they can have the
most grounded affect (Peppard & Ward, 2016). Bits of knowledge picked up from enormous
information and examination empower organizations to know their most productive clients and
ceaselessly serve them better. Organizations with enormous information and investigation
executions are beating their rivals by finding new income openings, driving item advancement,
and distinguishing examples to lessen extortion (Chang et al. 2014). The speed of investigation
can likewise separate organizations from their rivals. Since organizations are never again
constrained to little specimen sizes and tight informational collections, they can break down all
significant information to find already shrouded relationships (Hashem et al. 2015). Prepared
with these new bits of knowledge, organizations can diminish inactivity in basic leadership and
business forms.
Document Page
9USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Organizations are additionally making new items and administrations from their
information assets. Media communications organizations offer area information, item producers
gather and benefit from upkeep information, and even social insurance organizations can
determine esteem from treatment data (Rosk et al. 2014). To the exclusion of everything else,
enormous information and investigation are ceaselessly creating a abundance of knowledge.
With that knowledge, organizations are building the certainty to act with speed and conviction—
empowering them to be all the more right, more regularly.

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
10USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Chapter 3: Research Methodology
Research technique helps with characterizing the most suitable approach, which requires
to be embraced keeping in mind the end goal to achieve point by point and finish result of the
system. The hypotheses and in addition ideas are received in inquire about philosophy that helps
to improve the situation investigation of the exploration. Also, investigate procedure helps in
appreciating the procedure received with a specific end goal to dissect its part in enlistment
arrangement of human services associations.
3.2 Method Outline
In the present paper, point by point inquire about method for investigating the part of data
innovation in enrollment arrangement of medicinal services association has been utilized.
Chosen look into rationality is positivism, which can help to acquire data in view of proper
rationale and also assessment. Likewise, deductive approach will enable the analyst to lead the
investigation in view of optional sources in beginning stage. Descriptive design will help the
analyst with a specific end goal to characterize the utilized and also connected ideas in point by
point way that aids request to characterize the effect of data innovation on enlistment framework
in human services association. Test measure for the research will be taken as 65 managers of
business organization.
3.3 Research philosophy
In examine system, utilization of research rationality aids request to decide legitimate
route so as to acquire points of interest of the research subject (Mackey & Gass, 2015). Research
reasoning helps to depict the technique of supposition attempted by the analyst at the season of
Document Page
11USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
leading the examination. Then again, the system of intuition to evaluate the examination subject
can be changed for choice of research reasoning that requires being compelling and also in fitting
arrangement.
Positivism logic has been connected in the present setting keeping in mind the end goal to
better investigation of the certainties that are covered up and additionally data related with the
effect of receiving data innovation in medicinal services enlistment framework. Aside from this,
the nature of the examination has time restriction. Along these lines, choice of positivism logic
has confinement in part of the specialist so as to control and evaluate the information prompting
diminishment of information mistakes.
3.4 Research approach:
Research approach is imperative for an exploration required with the goal that
configuration to direct the examination can be uncovered (Taylor, Bogdan & DeVault, 2015). In
the exploration, an examination theme can be embraced for the present investigation in two
routes, for example, inductive and deductive. Inductive approach helps with examining subject
of the examination while sufficient information on the chose point isn't accessible. The
underlying period of adopting inductive strategy is perception, which helps to get related data
and builds up the method for the exploration. Then again, deductive approach is used as the
system, which clarifies functional utilization of speculations with a specific end goal to get to
substance of the examination.
In the present investigation, the point will attempt to examine the part of data innovation
in medicinal services enrollment arrangement of hypothetical learning. In this way,
determination of deductive approach would be useful in the present research. Then again,
Document Page
12USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
inductive approach neglects to be conveyed in the subject as there are no new speculations or
ideas are underlined in the present research.
3.5 Research Design
Research design aids request to portray the structure of the examination subject. It helps
gathering of information and in addition examination design (Brinkmann, 2014). Amid the
methodology of information accumulation, particular sort of research approach has been
connected, which aids better clarification of the exploration point. Descriptive research design
helps with recognizing a few sorts of thoughts and in addition musings required for fulfillment of
the exploration paper. Then again, descriptive research design clarifies event of the occasions
and also correspondingly influence the procedure.
Use of logical research configuration has been maintained a strategic distance from in the present
paper as it bolsters longitudinal investigation, which isn't conceivable with the present research.
Aside from this, distinct outline is useful so as to characterize point by point technique occupied
with its utilization in medicinal services enrollment framework.
3.6 Data collection process
Information sources are helpful in entering the exploration point and additionally help
with extricating information according to the requirement (Flick, 2015). Essential and in addition
optional wellsprings of information are giving materials that are useful keeping in mind the end
goal to acquire points of interest of the exploration subject. Also, essential information will be
gathered from overview. Then again, on account of auxiliary information sources, information
will be used to make augmenting idea of the examination theme. It can empower better
investigation of the examination theme as it connects with better investigation of the exploration.

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
13USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
In the present research, essential sources incorporate overview poll session with
managers of different business organizations. Aside from that, writing wellsprings of the
examination are considered as yield of the data got through auxiliary sources. Apparatuses of the
optional sources comprise of online and also disconnected sources, for example, articles, books,
sites and sites.
3.7 Data analysis strategy
Subjective information are helpful keeping in mind the end goal to record story type of
the information, which can include better clarification of the exploration. Quantitative
information helps to better perception of the point (Vaioleti, 2016). Then again, quantitative
information applies on making measurable examination that is valuable for recording
information of expansive example sizes. In the present investigation, quantitative examination
has been taken with a specific end goal to break down the information got from review.
3.8 Sample and sampling
Population can be characterized as the quantity of individuals straightforwardly or in a
roundabout way drew in by the substance of the examination methodology. In the present
research work, 65 managers are considered as the number of inhabitants in the examination.
Nonetheless, the researcher can't consider every client with the goal that littler portrayals of the
populace are viewed as named as test.
Document Page
14USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
3.9 Selectiability
Sample is considered to think about its part in enlistment framework in human services
association (Smith, 2015). The specimen for managers of business organization will be
straightforward arbitrary likelihood examining where no criteria for determination have been
viewed as. With the assistance of online survey, managers will be requested support where
overview has been performed in light of Likert scale rating 1 to 5. Keeping in mind the end goal
to examine quantitative research method, 65 managers of business organizations will be
considered and make communication with the help of online survey. Subsequently, add up to test
measure is 65 in the exploration.
3.10 Reliability
Reliability is how much evaluation instrument produces steady and in addition consistent
outcomes. There are a few sorts of unwavering quality, for example, test-retest dependability and
parallel structures unwavering quality. Test-retest is considered as a measure of unwavering
quality that are increased through administrating one thing two times unnecessarily in the present
research.
3.11 Ethical Considerations
Amid the procedure of research, researcher will take a set of accepted rules, which helps
with identifying incorrectly and additionally right arrangement of practices expected to receive at
the season of research. As far as respondents' namelessness, it has been guaranteed that any type
of mental or physical badgering was not included with the respondents. The analyst has
attempted to embed any outside impact on weight over the respondents to remove a portion of
the criticism method of the examination point. Information has been acquired through
Document Page
15USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
investigation that is valuable in comprehension with its part in enrollment framework in human
services association. Nonetheless, any sort of business use of information is kept away from so
the discoveries can be restricted to the scholarly reason as it were.
References
Agarwal, R., & Dhar, V. (2014). Big data, data science, and analytics: The opportunity and
challenge for IS research.
Assunção, M. D., Calheiros, R. N., Bianchi, S., Netto, M. A., & Buyya, R. (2015). Big Data
computing and clouds: Trends and future directions. Journal of Parallel and Distributed
Computing, 79, 3-15.
Brinkmann, S. (2014). Interview. In Encyclopedia of Critical Psychology (pp. 1008-1010).
Springer New York.
Chang, R. M., Kauffman, R. J., & Kwon, Y. (2014). Understanding the paradigm shift to
computational social science in the presence of big data. Decision Support Systems, 63, 67-80.
Demirkan, H., & Delen, D. (2013). Leveraging the capabilities of service-oriented decision
support systems: Putting analytics and big data in cloud. Decision Support Systems, 55(1), 412-
421.
Flick, U. (2015). Introducing research methodology: A beginner's guide to doing a research
project. Sage.
Gandomi, A., & Haider, M. (2015). Beyond the hype: Big data concepts, methods, and
analytics. International Journal of Information Management, 35(2), 137-144.

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
16USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Gereffi, G., & Fernandez-Stark, K. (2016). Global value chain analysis: a primer.
Groves, P., Kayyali, B., Knott, D., & Kuiken, S. V. (2016). The'big data'revolution in healthcare:
Accelerating value and innovation.
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 and open research issues. Information
Systems, 47, 98-115.
Katal, A., Wazid, M., & Goudar, R. H. (2013, August). Big data: issues, challenges, tools and
good practices. In Contemporary Computing (IC3), 2013 Sixth International Conference on (pp.
404-409). IEEE.
Kim, G. H., Trimi, S., & Chung, J. H. (2014). Big-data applications in the government
sector. Communications of the ACM, 57(3), 78-85.
Mackey, A., & Gass, S. M. (2015). Second language research: Methodology and design.
Routledge.
Peppard, J., & Ward, J. (2016). The strategic management of information systems: Building a
digital strategy. John Wiley & Sons.
Roski, J., Bo-Linn, G. W., & Andrews, T. A. (2014). Creating value in health care through big
data: opportunities and policy implications. Health affairs, 33(7), 1115-1122.
Sekaran, U., & Bougie, R. (2016). Research methods for business: A skill building approach.
John Wiley & Sons.
Smith, J. A. (Ed.). (2015). Qualitative psychology: A practical guide to research methods. Sage.
Document Page
17USE OF DATA ANALYTICS IN BUSINESS ORGANIZATIONS
Taylor, S. J., Bogdan, R., & DeVault, M. (2015). Introduction to qualitative research methods: A
guidebook and resource. John Wiley & Sons.
Vaioleti, T. M. (2016). Talanoa research methodology: A developing position on Pacific
research. Waikato Journal of Education, 12(1).
1 out of 18
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]