Information Systems and Big Data Analysis: History, Challenges, Uses
VerifiedAdded on 2023/06/14
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Essay
AI Summary
This essay provides an overview of big data analysis in the context of information systems. It traces the history of big data back to the 17th century and discusses the challenges associated with big data analytics, such as the shortage of skilled professionals and the need for proper data quality and storage. The essay defines big data as large, diverse information sets that grow exponentially and highlights the importance of leveraging this data for strategic business decisions. It also outlines the main types of big data, including structured data, and discusses techniques used for analysis, such as data mining, machine learning, A/B testing, and statistics. Furthermore, it describes the characteristics of big data, including volume, velocity, and variety, and provides examples of how big data technology can support businesses by enabling better decision-making and strategic planning. The essay concludes by referencing the importance of proper handling and assessment of data for organizational growth.