Facebook & Big Data: Strategic Use, Ethical Issues & Opportunities

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This report delves into the multifaceted applications of big data within Facebook, examining its strategic and operational implementation, associated challenges, and inherent opportunities. It highlights Facebook's reliance on big data for various functions, including targeted advertising, user engagement, and predictive analytics. The report further addresses the ethical considerations surrounding data privacy and security, particularly in light of recent data breaches. By analyzing Facebook's approach to big data, the report provides insights into how organizations can leverage data-driven strategies to enhance business operations and decision-making while navigating the complexities of data management and ethical responsibility. Desklib provides access to this report and many other resources for students.
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Big Data in
Organizations
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Contents
INTRODUCTION.................................................................................................................................3
Main Body.........................................................................................................................................3
Applications and uses of big data in the Facebook company.............................................................3
Challenges and opportunities using big data......................................................................................5
Strategic and operational use of big data...........................................................................................5
Professional and ethical requirements................................................................................................7
CONCLUSION.....................................................................................................................................9
References...........................................................................................................................................10
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INTRODUCTION
Big data can be defined as information that's more differing, shows up in greater sums, and
moves speedier which is known as big data. Another term for this can be the three Vs.
Essentially said, enormous information alludes to bigger, more comprehensive information
sets, especially those obtained from modern information sources. The company's survival
depends on Huge Information." "Facebook is dependent on a huge Hadoop establishment, a
profoundly adaptable open-source system that understands issues utilizing clusters of low-
cost computers. Facebook indeed makes equip with this reason in intellect. The following
report looks into the concept of big data and its application in the Facebook organisation.
Along with this, it also looks into the challenges and the opportunities that are faced by the
Facebook in using the big data. Moreover, this report also looks into the usage of big data in
the strategic and operational functioning of the business organization. Furthermore, this
report also looks into the professional and ethical issues that are encountered by the Facebook
in the use of big data.
Main Body
Applications and uses of big data in the Facebook company
The Big Information can be defined as the endless gathering of data which is
increasing very rapidly. The data collection is significant and complex that conventional
information administration instruments are not able to maintain or dissect productively. The
contrast between big data and standard information is so huge that the information is
considerably more noteworthy. Facebook may be a social organizing location that permits
clients to make their accounting without paying any fees and indulge in companions,
colleagues, and outsiders online. Clients can post as numerous photos, videos, recordings,
and articles as they like, as well as their possess contemplations with concepts. Companies
with more than 1,000 representatives have amassed a huge sum of client information.
Consider how much information has been protected since at that point, especially in light of
the enormous increment in information provided to social organizing destinations. So many
tweets in twitter, likes and comments in Facebook and other social media platforms like
snapchat, Instagram etc. are fair including to the information storm. Not as it were does
Google have a parcel of information, but Facebook moreover incorporates a parcel of
information that contains a parcel of shopper data. Facebook not as it were stores and
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examinations information, but it too keeps track of the websites their clients visit (Pate., Shah
and Shah., 2020).
For example, Facebook has ability to link political activity appropriately to engage the
users when it started a social experiment that allowed individuals to say "I Voted." During the
2010 midterm elections, this experiment was carried out, and it looked to be successful. Users
were more willing to vote and express their thoughts upon seeing their peers do so after they
saw the button. Out of a total of 61 million individuals, 20% of those who saw their friends
vote likewise clicked the sticker. A blend of Facebook's stickers, which directly influenced
over 60,000 votes, and social contagion, which prompted 280,000 linked users to vote for a
candidate, resulted in 280,000 users voting for a candidate, according to Facebook's research
team.
Organizations depend on social media for anticipating their commerce prerequisites
and advancement since it is the wealthiest source of enormous information. Organizations
make pages on the platforms destinations such as snapchat, Pinterest and Facebook start
following likes, offers, tweets, and comments, which include the crude set of enormous
information. In spite of the fact that the figures show up incredible, they don't incorporate
data on deals, showcasing activities, unused clients, or pay creation. Since of the volume and
speed of information gushing in day in and day out, organizing and putting away huge
information utilizing existing database methods is not adequate. To get the required result,
techniques for selecting the pertinent information and strategies for preparing them are
required. This data is being utilized by savvy businesses to find designs. Following treats:
Facebook employments following treats to take after its clients around the web. When a
customer makes his account on Facebook then it can track the visited location of the users.
Facial Acknowledgment: One of Facebook's most later uses has been on facial
acknowledgment and picture preparing innovations. With picture information provided by
client sharing, Facebook can take after its clients around the web and over other Facebook
profiles.
Face Recognition: One of Facebook's more recent uses has been in facial
recognition and photo preparation advancements. Facebook may track its users
throughout the web and across other Facebook profiles using photo data given
via client sharing.
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Tag recommendations: Using computer vision techniques and feature
extraction, Facebook suggests people tag in client photos.
Examining likes on Facebook: A subsequent study discovered that by
examining a user's Facebook Likes, it is possible to precisely figure out
information on a variety of really subtle individual characteristics.
Facebook Likes designs can precisely anticipate your sexual introduction, bliss
in life, insights, enthusiastic soundness, religion, liquor and sedate utilize,
relationship status, age, sexual orientation, race, and political sees, among
other things.
Challenges and opportunities using big data
Big Information offers a parcel of points of interest, but it too incorporates a part of
disadvantages. Huge information challenges include putting away and dissecting gigantic,
quick growing, heterogeneous information storehouses, at that point selecting absolutely how
to successfully oversee that information. Information is expanding at an exponential pace,
and MNCs must acknowledge this deluge whereas handling it rapidly sufficient to maintain a
strategic distance from bottlenecks. Data is accessible in a assortment of groups, both sorted
out and unstructured. This information is separated into various bunches for computations or
research, Insights determined from this information must be speedy and precise,
Organizations will get to do things in an unexpected way in arrange to require advantage of
the potential displayed by huge information. That sort of thing. And colossal enterprises
might discover this sort of change amazingly challenging. Organizations with expansive
information distribution centres are moreover concerned approximately security. After all,
programmers or modern diligent dangers may discover a few tremendous information stores
engaging targets (APTs). To Overcome These Impediments Companies have created a novel
disseminated computing and parallel computing framework concept. Disseminated
computing may be a strategy of making strides productivity and execution by dispersing
program components over various computers. Disseminated frameworks can spread
information all through cluster hubs and permit clients to get information from various hubs
at the same time. This significantly increments the speed of sharing and putting away
information. It permits information clients to ask extra capacity space and capacity
framework directors to scale the capacity framework up or down by including or erasing
capacity units from the cluster. The Opportunities of Big data for Facebook are as following:
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In honour of Facebook's tenth anniversary, users may watch and share a movie that
chronicles their social network activities from the moment they first signed up until
today. This video, named "Flashback," is a collection of photos and posts with the
most likes and comments, set to evocative music.
Facebook uses DeepFace, a learning algorithm, to educate it to recognise people in
photos. It boasts that its most advanced image recognition engine exceeds humans in
judging whether two images of the same person are the same. It's safe to suppose that
the use of this technology has aroused discussion. It went too far, according to privacy
critics, because it allows Facebook to link identities to many of the faces in a crowd
based on a high-resolution photo, which is clearly a hindrance to our ability to move
around in public discreetly. Facebook has been silent about the technology's
development since it first made headlines, and it's probable that they're waiting for the
outcome of ongoing privacy litigation before sharing more about it.
Strategic and operational use of big data.
Big data is prioritized by the big organisations like Facebook. The use of data from the
other origins helps the companies to understand and frame the strategic decisions of the
business enterprise. Big data has a huge impact on our lives as well as the economic sector. It
has already altered the way retail, agriculture, finance, healthcare, and other industries
function. Companies improve their business strategies and lower their production and
operating expenses by using the insights gained from processing large volumes of raw big
data. Platforms like Facebook are no exception. Originally intended to connect people and
provide pleasure, social media platforms have evolved into useful data sources for potential
purchasers. Companies that promote their own brands collect and handle data that users
provide on such platforms, such as likes, images, forum and community comments, and so
on.
Marketers can upgrade their brand campaigns and adverts utilizing huge information
examination in numerous ways. Let’s have a see at the key examples. Microtargeting
By utilizing huge information and machine learning calculations, companies can
analyze social media groups of onlookers and section them into little bunches by their
age, tastes, race, sex, social standing, and others. This permits companies to promote
their items straightforwardly to the clients who are inquisitive about them. As a result,
marketers increment their benefits, lower promoting costs, and can make successful
promoting campaigns pointed precisely at their gathering of people.
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Improved choice making with huge information examination, marketers can
distinguish social media patterns that they might utilize for viable decision-making.
For case, they can decide which promoting or emailing campaign to begin following
or when to dispatch their markdown plans and numerous others.
Real-time statistics: By utilizing different measurements and enormous information,
marketers can track and assess the execution of their campaigns on social media
stages in real-time. This approach permits checking ROI changes and a campaign’s
improvement and taking convenient choices on when to stop the campaign, alter
adverts, and others. Moreover, marketers can appraise the victory of a current social
media campaign by comparing its insights to the past ones (Naeem and et.al., 2022)
Big information can share profitable experiences on what items buyers need to
purchase and when they need to purchase them. Other than that, by gathering item
surveys and individual client criticism, brands can dispatch a unused item line or
superior alter the existing items to their customers’ requests.
Numerous information channels A modern log-in and information synchronization
innovation by means of Google and Facebook accounts has gotten to be a broad
technique utilized by numerous social media stages. This way, more information has
gotten to be open for marketers from different channels to analyze and construct a
total picture of their clients.
Information protection As enormous information opens boundless get to to the
individual information of each client on social media stages, it’s fundamental to
consider its security. Subsequently, computer program designers utilize Counterfeit
Insights along with huge information innovation to anticipate information
introduction to third parties. For illustration, it can be facial and voice
acknowledgment, check-in notices, two-factor verification, and others.
Predictive analytics Big information permits marketers to form forecasts on the
victory of future campaigns based on their past encounters. In addition, computers can
anticipate the imminent client choices as they frequently select comparative items.
Professional and ethical requirements.
The most recent Facebook data breach raises larger issues about 'big data,' including how
personal information is acquired, stored, and used for commercial purposes. This article
explores some of the issues at hand, as well as some of the ways in which theologically
inspired reflection and action might help to address them. The term "big data" is notorious for
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being vague. It simply refers to the ability of today's computers to collect and store large
volumes of data. A number of observers have noted that the sorts of constrained datasets used
by statisticians in the past and those made available by today's computing operations differ
qualitatively and quantitatively. Large datasets can be created through scientific
investigations, such as the collection of data in fields like astronomy and particle physics, or
the accumulation of information in medical records. Facebook is the most popular social
media network on the planet, with over two billion monthly active members. It stores a
tremendous quantity of user data, making it a massive data haven. In the United States alone,
there are estimated to be over 183 million Facebook members by October 2019. Facebook is
still among the top 100 publicly listed companies in the world, with a market valuation of
$475 billion. The following are the requirements:
Face recognition issues: The platform's facial recognition feature has sparked a slew of
questions and worries. When an image is posted to this tool, the user is given options for who
they may tag in it. This application works by interpreting the data in an image and comparing
it to pictures of people in the user's Friends list. To prevent the tagging of other people on the
picture, Facebook shall impose the feature of email OTP and shall send approval link to the
person who is going to be tagged on that particular picture or post.
Improved privacy concern: Facebook's use of big data has prompted a slew of privacy
concerns, which have enraged users. Many users, for example, say that the platform's privacy
settings are confusing or unclear, resulting in individuals disclosing information they didn't
mean to share (Festa, G. and et.al., 2018). While the network has attempted to rectify this on
multiple times, many users have been perplexed due to their familiarity with the site's current
features. Facebook shall implement the implement the privacy feature of not capturing the
screenshot of other’s profile even when the person has not locked his profile.
The current Facebook scandal shows the tip of an iceberg in terms of the potential abuses of
personal data that have become possible in the age of big data. Individuals are entrusting
internet service providers with significant amounts of personal information, which is not
effectively protected against possible misuse. In addition, the establishment of a multibillion-
dollar company based on this data has led in the formation of powerful entrenched interests
that may readily oppose legislative reform. Scholars, along with other religious organisations,
are in a unique position to assist the community in addressing these challenges by raising
awareness, developing debate forums, and articulating practical, ethical, and theological
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objections of big data use and misuse. These criticisms might cast doubt on both the methods
used to assess data and the human models that are assumed. All of these are potentially
important concerns in the rising discussion over big data, which has been highlighted by the
recent Facebook fiasco, and their importance is growing by the day. (Domagala. p., 2019).
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CONCLUSION
From the above report, it can be concluded that, It is possible to deduce from the
preceding study that the firm requires big data to stay afloat in the market. The organisation
does several sorts of market research in order to be informed about current trends and its role
in the industry. Big data may be in both organised and unstructured formats, and it can come
from a variety of sources. However, sorting this type of massive data is critical and
necessitates a high level of expertise that can only be achieved by a professional. So, if a firm
wants to organise and make decisions based on big data, it is critical for the organisation to
recruit a professional with a broad understanding of various technical tools. The usage of big
data aids the firm in enhancing its market worth. There are several issues that commercial
organisations confront, such as maintaining security and storing such large amounts of data.
On either side, it provides an opportunity for the company entity to secure a long-term
market. Because it allows the organisation to identify its own flaws and capabilities. The
strategic and operational application of big data is also highlighted in the paper. The ability of
a corporation to comprehend data and demonstrate its use to a business organisation is
defined by how well it can use it. Furthermore, the company's professional and ethical criteria
are beneficial since they maintain some ethical standards for the firm.
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References
Books & Journals.
Patel, D., Shah, D. and Shah, M., 2020. The intertwine of brain and body: a quantitative analysis on
how big data influences the system of sports. Annals of Data Science, 7(1). pp.1-16.
Naeem, M. and et.al., 2022. Trends and future perspective challenges in big data. In Advances in
Intelligent Data Analysis and Applications (pp. 309-325). Springer, Singapore.
Baig, M.I., Shuib, L. and Yadegaridehkordi, E., 2019. Big data adoption: State of the art and
research challenges. Information Processing & Management, 56(6). p.102095.
Nica, E., Miklencicova, R. and Kicova, E., 2019. Artificial intelligence-supported workplace
decisions: Big data algorithmic analytics, sensory and tracking technologies, and
metabolism monitors. Psychosociological Issues in Human Resource
Management, 7(2). pp.31-36.
Gołuchowski, J. and Filipczyk, B., 2020. Knowledge management and big data in business.
In Management in the Era of Big Data (pp. 37-51). Auerbach Publications.
Calic, G. and Ghasemaghaei, M., 2021. Big data for social benefits: Innovation as a mediator of the
relationship between big data and corporate social performance. Journal of Business
Research, 131. pp.391-401.
Festa, G. and et.al., 2018. Big data for big pharma: Harmonizing business process management to
enhance ambidexterity. Business Process Management Journal.
El Boust and et.al., 2018, June. Investigating business intelligence in the era of big data: Concepts,
benefits and challenges. In Proceedings of the Fourth International Conference on
Engineering & MIS 2018 (pp. 1-9).
Chasupa, T.L. and Paireekreng, W., 2021, August. The Framework of Extracting Unstructured
Usage for Big Data Platform. In 2021 2nd International Conference on Big Data
Analytics and Practices (IBDAP) (pp. 90-94). IEEE.
Cappa, F. and et.al., 2021. Big data for creating and capturing value in the digitalized environment:
Unpacking the effects of volume, variety, and veracity on firm performance. Journal
of Product Innovation Management, 38(1). pp.49-67.
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Domagala. p., 2019, February. Internet of Things and Big Data technologises as an opportunity for
organizations based on Knowledge Management. In 2019 IEEE 10th International
Conference on Mechanical and Intelligent Manufacturing Technologies
(ICMIMT) (pp. 199-203). IEEE.
Pera, A., 2019. Towards effective workforce management: Hiring algorithms, big data-driven
accountability systems, and organizational performance. Psychosociological Issues
in Human Resource Management, 7(2). pp.19-24.
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