Information Systems and Big Data Analysis: Trends and Applications
VerifiedAdded on Ā 2023/06/04
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Essay
AI Summary
This essay provides an overview of big data analysis within the context of information systems. It begins by tracing the history of big data, highlighting John Graunt's early use of statistical data analytics. The essay then discusses the challenges associated with big data, including incorrect analytics, security issues, and a lack of understanding among analysts. It defines big data as large and complex data sets that require specialized tools for analysis, revealing patterns in human behavior and marketplace trends. The characteristics of big data, such as volume and variety, are explored, and the essay details how big data technology can support business through techniques like A/B testing, machine learning, and data mining. An example of big data in the healthcare industry is provided, illustrating how companies use trial data to assess risks and benefits. The essay concludes with a list of references.