Big Data Importance
What is big data?
Big data is the term for data sets so large and complicated that it becomes difficult to process using traditional data management tools or processing applications. This paper reveals recent progress on big data, big data networking and relevant topics.
Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It’s what organizations do with the data that matters. Big data can be analyzed for insights that lead to better decisions and strategic business moves. According to [Bakshi12], the size of digital data in 2011 is roughly 1.8 Zettabytes (1.8 trillion gigabytes). That is, supporting
…show more content…
Is something trending in social media? Daily, seasonal and event-triggered peak data loads can be challenging to manage. Even more so with unstructured data.
Complexity.
Today's data comes from multiple sources, which makes it difficult to link, match, cleanse and transform data across systems. However, it’s necessary to connect and correlate relationships, hierarchies and multiple data linkages or your data can quickly spiral out of control.
Why Is Big Data Important?
The importance of big data doesn’t revolve around how much data you have, but what you do with it. You can take data from any source and analyze it to find answers that enable 1) cost reductions, 2) time reductions, 3) new product development and optimized offerings, and 4) smart decision making. When you combine big data with high-powered analytics, you can accomplish business-related tasks such as:
• Determining root causes of failures, issues and defects in near-real time.
• Generating coupons at the point of sale based on the customer’s buying habits.
• Recalculating entire risk portfolios in minutes.
• Detecting fraudulent behavior before it affects your
…show more content…
Retailers need to know the best way to market to customers, the most effective way to handle transactions, and the most strategic way to bring back lapsed business. Big data remains at the heart of all those things.
Risks of using big data
Privacy/Security: The biggest risk that anyone familiar with big data knows is privacy concerns and security issues that emerge from such concerns. Privacy, in the big data world, indicates any or all identifiable information blocks that may be used to establish an individual’s identity. The issues concerning privacy most often surfacing in big data applications are
• What types of personal information can be deemed sharable and with whom
• Whether cyber communication can be transmitted without anyone else viewing such communication, where concerns of lawful interception may also be included
• Anonymous communication -
Ethos Pathos Logos For Rhetorical Analysis
301 Words | 2 PagesBy talking about support, I hope to reinforce that idea that any form of support, whether it be a big gesture or just listening, is important and valuable to both parties in order to connect further and imagine people
The Patriot Act Essay
388 Words | 2 PagesWhen it comes to suspicious activity reporting included in Section 352 of the USAPATRIOT Act, “suspicious may not necessarily mean the same thing to all people”. “An activity that may seem suspicious to an auditor or examiner may not raise the same red flag with a community bank executive, or even another examiner”(Proctor, 2003, p.1). This causes a serious problem in the way institutions comply with the requirements of suspicious activity reporting. With that said, suspicious activity reporting forms the cornerstone of the anti-money laundering goals set out by the USAPATRIOT
Income Smoothing Case Study
1491 Words | 6 PagesThe fraud triangle is made up by three distinguished elements. These elements in the fraud triangle consist of pressure, opportunity, and rationalization. The overall representation of the fraud triangle can be seen as the specific model to spot any type of high-risk unethical and fraudulent performances being conducted by a company, in this case Cendant Corporation. Cedant Corporations actions can be analyzed by the fraud triangle by the way that their senior management/top management decisions fell into the three categories of pressure, rationalization, and opportunity. Cendant Corporation had the pressure to comply with their shareholders and to maintain a stable financial status to prove that they were a profitable organization with a bright company image.
11.1 Explain The Importance Of Reassuring Children
179 Words | 1 PagesQuestion: Question 11 Answer: If there is a safeguarding issue at stake confidentiality and data protection rules can be broken.
Describe The Rationalizations Used By Mr Pavlo
425 Words | 2 PagesHe also rationalized his fraudulent activities by hiding the customer’s late payment in order to be benefitted himself, but said that he was helping people more than he was helping himself. 2. Given that Mr. Pavlo’s fraud was restricted to an accounts receivable embezzlement scheme, what symptoms might auditors observe?
Ethical Dilemma In Social Work Case Study
1589 Words | 7 PagesAn ethical dilemma happens when two or more ethical principles conflict with one another. Ethical dilemmas are problematic situations in which it is not clear which choice will be the right one. The CP is stuck as to what to do next because there is not just one outcome that will satisfy the ethical principles as stated in the Singapore Association of Social Workers (SASW) Code of Ethics (Kirst-Ashman & Hull, 2012). According to the SASW (2017), the core values of social work are embedded in the ethical responsibilities, which are relevant to the professional activities of social workers.
Nordstrom's Competitive Advantage
615 Words | 3 PagesTechnology gives consumers unique access to information, while retailers must figure out how to get and use huge amounts of customer data which technology makes
Big Data In Human Resource Management
975 Words | 4 PagesBig Data refers to the massive amounts of structured and unstructured data that is collected over time from various internal as well as external sources. Enterprises are facing challenges in integrating these new and different types of data and also turning this data into meaningful information. The data is growing at a tremendous rate due to increase in connectedness of machines and people. Analyzing this data to extract sensible and meaningful insights is a big challenging task; integrating and optimizing this data, storing, organizing and analyzing is a challenge. The Big Data must be captured, stored, organized and analyzed to influence the decision making in any enterprise or business
Informative Speech On Social Media
1948 Words | 8 PagesINFORMATION Social media has to be one of the greatest developments of human history. It has connected humanity like never before. It has changed the way that people do business, with companies providing their own social media accounts to interact in real time with customers. We can quickly see what’s going on in our communities and around the world.
Coca Cola Unstructured Problem
994 Words | 4 PagesTasting Success Article Page 95 Discussion Questions Question 1 Which decisions in this story could be considered unstructured problems? And structured problems? Structured problem Can be defined as a straightforward, familiar and easily defined issue, and it is easily solved by the eight step-by-step process Identify a Problem, Identify Decision Criteria, Allocate Weights to the Criteria, Develop Alternatives, Analyze Alternatives, Select an Alternative, Implement the Alternative and Evaluating Decision Effectiveness. The issue as described in the article is the orange juice production and it is considered as a structured problem, and the way it is produced, its mechanism is responsible for the production as it is based on Coca-Cola’s mixture
Pros And Cons Of Internet Privacy
725 Words | 3 Pages"While the Internet-based economy provides many benefits, it also raises new concerns for maintaining the privacy of information. “Internet privacy is the privacy and security level of personal data published via the Internet. It is a broad term that refers to a variety of factors, techniques and technologies used to protect sensitive and private data, communications, and preferences.â€[1] As the federal government’s National Telecommunications and Information Administration (NTIA)[2] explains: Every day, billions of people around the world use the Internet to share ideas, conduct financial transactions, and keep in touch with family, friends, and colleagues. Users send and store personal medical data, business communications, and even intimate conversations over this global network.
Pros And Cons Of Social Media Analytics
1261 Words | 6 PagesSocial Media Analytics and features It is the process of applying data (both structures as well as unstructured) from social media sites such as twitter, facebook, Google+ and other such sites for better understanding of customer attitude and behavior. It also serve as an effective tool for business and market research and ultimately for business decision making. The large availability of user-generated data and the links between users leads to the dispersion of useful information, opinions and sentiment as well as emergent issues and trends (Leskovec 2011; Agrawal et al. 2011; Nagarajan et al. 2011) and is referred to as ‘Social Media Analytics’.
The Role Of Hate Speech In Social Media
1259 Words | 6 Pages1. Introduction The internet supports a global ecosystem of social interaction. Modern life revolves around the network, with its status updates, news feeds, comment chains, political advocacy, omnipresent reviews, rankings and ratings. For its first few decades, this connected world was idealized as an unfettered civic forum: a space where disparate views, ideas and conversations could constructively converge.
E-Commerce In Mauritius
1049 Words | 5 Pages1.0) Introduction 1.1) Background During the past decades, the retailing industry has gone through many important changes. Saturated markets, fierce competition, and the turbulent macro-economic environment have condemned retailers to reconsider their retail strategy. Actually there are four factors which have constantly been reshaping the world of business – technological advances such as the internet, the loss of geographic advantage resulting from globalization, the shake-up of the traditional industries as a result of de-regulation and the rising power of the modern and complex consumer. However one of the most important factors remains the evolution of the Internet.
More about Big Data Importance
Lincoln Kennedy Conspiracy Essay
931 Words | 4 PagesEthos Pathos Logos For Rhetorical Analysis
301 Words | 2 PagesThe Patriot Act Essay
388 Words | 2 PagesIncome Smoothing Case Study
1491 Words | 6 Pages11.1 Explain The Importance Of Reassuring Children
179 Words | 1 PagesDescribe The Rationalizations Used By Mr Pavlo
425 Words | 2 PagesEthical Dilemma In Social Work Case Study
1589 Words | 7 PagesNordstrom's Competitive Advantage
615 Words | 3 PagesBig Data In Human Resource Management
975 Words | 4 PagesInformative Speech On Social Media
1948 Words | 8 PagesCoca Cola Unstructured Problem
994 Words | 4 PagesPros And Cons Of Internet Privacy
725 Words | 3 PagesPros And Cons Of Social Media Analytics
1261 Words | 6 PagesThe Role Of Hate Speech In Social Media
1259 Words | 6 PagesE-Commerce In Mauritius
1049 Words | 5 Pages