Exploring Information Systems and Big Data Analysis in Business

This report provides an overview of Information Systems and Big Data analysis, exploring its characteristics, business support mechanisms, and associated challenges. It defines Big Data, highlighting its key attributes such as variety, volume, and velocity, and discusses how Big Data technology can create opportunities in the market. The report addresses challenges in big data management, including the lack of proper understanding of complex data, security of information, and data segregation from different sources. It also outlines techniques available for analyzing big data, such as statistics, A/B testing, self-governance, machine learning, and data segregation. The document concludes by referencing Clarke's 2020 work on sensing, smart, and sustainable technologies in big data-driven manufacturing.

History on big Data
The term 'Big Data' has been in use since the early
1990s. Big data management refers to the process of
managing large and complex data of the organisation.
As the organisation involves large number of
customers and function that increases the level of data
in the organisation.
Information Systems and Big Data Analysis
Name of the Student
What is Big Data
Big data refers to the complex and large amount of
data which is present in the organization. This data is
developed due to the number of business functions
such as monetary transactions, financial reports,
market trends and many more.
Characteristics of Big data
The number of characteristics related to big data are given
below:
Variety
Volume
Value
Velocity
The challenges of big data
analytics
The brief discussion related to challenges for big data
management are given below:
Lack of proper understanding of complex data
Security of information
Data Segregation from different sources
References
Clarke, G., 2020. Sensing, smart, and sustainable
technologies in big data-driven manufacturing. Journal of
Self-Governance and Management Economics, 8(3), pp.23-
29.
How Big Data technology could
support business & Examples
Big data management is one of important and valuable
concept of the business which helps to create number of
opportunities in the market.
Techniques that are currently
available to analysis big data
Techniques and the brief discussion related to the
same are given below
Statistics
A/B Testing
Machine Learning