Business Analytics and Big Data

2015 ◽  
pp. 1-11 ◽  
Author(s):  
Dennis T. Kennedy ◽  
Dennis M. Crossen ◽  
Kathryn A. Szabat
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Quantitative Methods ◽  
Business Processes ◽  
Predictive Analytics ◽  
Big Data Analytics ◽  
Database Systems ◽  
Three Dimensions ◽  
Business Analytics ◽  
The People

Big Data Analytics has changed the way organizations make decisions, manage business processes, and create new products and services. Business analytics is the use of data, information technology, statistical analysis, and quantitative methods and models to support organizational decision making and problem solving. The main categories of business analytics are descriptive analytics, predictive analytics, and prescriptive analytics. Big Data is data that exceeds the processing capacity of conventional database systems and is typically defined by three dimensions known as the Three V's: Volume, Variety, and Velocity. Big Data brings big challenges. Big Data not only has influenced the analytics that are utilized but also has affected technologies and the people who use them. At the same time Big Data brings challenges, it presents opportunities. Those who embrace Big Data and effective Big Data Analytics as a business imperative can gain competitive advantage.

Business Analytics and Big Data

Big Data ◽  
2016 ◽  
pp. 1773-1783
Author(s):  
Dennis T. Kennedy ◽  
Dennis M. Crossen ◽  
Kathryn A. Szabat
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Quantitative Methods ◽  
Business Processes ◽  
Predictive Analytics ◽  
Big Data Analytics ◽  
Database Systems ◽  
Three Dimensions ◽  
Business Analytics ◽  
The People

Big Data Analytics has changed the way organizations make decisions, manage business processes, and create new products and services. Business analytics is the use of data, information technology, statistical analysis, and quantitative methods and models to support organizational decision making and problem solving. The main categories of business analytics are descriptive analytics, predictive analytics, and prescriptive analytics. Big Data is data that exceeds the processing capacity of conventional database systems and is typically defined by three dimensions known as the Three V's: Volume, Variety, and Velocity. Big Data brings big challenges. Big Data not only has influenced the analytics that are utilized but also has affected technologies and the people who use them. At the same time Big Data brings challenges, it presents opportunities. Those who embrace Big Data and effective Big Data Analytics as a business imperative can gain competitive advantage.

scholarly journals BIG DATA BUSINESS ANALYTICS AS A STRATEGIC ASSET FOR HEALTH CARE INDUSTRY

2019 ◽  
Vol 01 (02) ◽  
pp. 12-20 ◽  
Author(s):  
Smys S ◽  
Vijesh joe C
Keyword(s):  
Health Care ◽  
Big Data ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Health Care Industry ◽  
Customer Relationship ◽  
Business Strategies ◽  
Business Analytics ◽  
Care Industry ◽  
Strategic Assets

The big data includes the enormous flow of data from variety of applications that does not fit into the traditional data base. They deal with the storing, managing and manipulating of the data acquired from various sources at an alarming rate to gather valuable insights from it. The big data analytics is used provide with the new and better ideas that pave way to the improvising of the business strategies with its broader, deeper insights and frictionless actions that leads to an accurate and reliable systems. The paper proposes the big data analytics for the improving the strategic assets in the health care industry by providing with the better services for the patients, gaining the satisfaction of the patients and enhancing the customer relationship.

Architecture of modern platforms for big data analytics

2021 ◽  
pp. 67-74
Author(s):  
Liudmyla Zubyk ◽  
Yaroslav Zubyk
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Business Processes ◽  
Service Providers ◽  
Big Data Analytics ◽  
Business Value ◽  
Third Party ◽  
Unstructured Data ◽  
Business Decision ◽  
World Industry

Big data is one of modern tools that have impacted the world industry a lot of. It also plays an important role in determining the ways in which businesses and organizations formulate their strategies and policies. However, very limited academic researches has been conducted into forecasting based on big data due to the difficulties in capturing, collecting, handling, and modeling of unstructured data, which is normally characterized by it’s confidential. We define big data in the context of ecosystem for future forecasting in business decision-making. It can be difficult for a single organization to possess all of the necessary capabilities to derive strategic business value from their findings. That’s why different organizations will build, and operate their own analytics ecosystems or tap into existing ones. An analytics ecosystem comprising a symbiosis of data, applications, platforms, talent, partnerships, and third-party service providers lets organizations be more agile and adapt to changing demands. Organizations participating in analytics ecosystems can examine, learn from, and influence not only their own business processes, but those of their partners. Architectures of popular platforms for forecasting based on big data are presented in this issue.

Analytics-as-a-Service (AaaS)

Web Services ◽  
2019 ◽  
pp. 1262-1281
Author(s):  
Chitresh Verma ◽  
Rajiv Pandey
Keyword(s):  
Big Data ◽  
Case Studies ◽  
Data Analytics ◽  
Data Science ◽  
Business Processes ◽  
Service Oriented Architecture ◽  
Big Data Analytics ◽  
Major Branch ◽  
Implementation Level ◽  
Industrial Level

Big Data Analytics is a major branch of data science where the huge amount raw data is processed to get insight for relevant business processes. Integration of big data, its analytics along with Service Oriented Architecture (SOA) is need of the hour, such integration shall render reusability and scalability to various business processes. This chapter explains the concept of Big Data and Big Data Analytics at its implementation level. The Chapter further describes Hadoop and its technologies which are one of the popular frameworks for Big Data Analytics and envisage integrating SOA with relevant case studies. The chapter demonstrates the SOA integration with Big Data through, two case studies of two different scenarios are incorporated that integrates real world implementation with theory and enables better understanding of the industrial level processes and practices.

Analytics-as-a-Service (AaaS)

2017 ◽  
pp. 26-45
Author(s):  
Chitresh Verma ◽  
Rajiv Pandey
Keyword(s):  
Big Data ◽  
Case Studies ◽  
Data Analytics ◽  
Data Science ◽  
Business Processes ◽  
Service Oriented Architecture ◽  
Big Data Analytics ◽  
Major Branch ◽  
Implementation Level ◽  
Industrial Level

Big Data Analytics is a major branch of data science where the huge amount raw data is processed to get insight for relevant business processes. Integration of big data, its analytics along with Service Oriented Architecture (SOA) is need of the hour, such integration shall render reusability and scalability to various business processes. This chapter explains the concept of Big Data and Big Data Analytics at its implementation level. The Chapter further describes Hadoop and its technologies which are one of the popular frameworks for Big Data Analytics and envisage integrating SOA with relevant case studies. The chapter demonstrates the SOA integration with Big Data through, two case studies of two different scenarios are incorporated that integrates real world implementation with theory and enables better understanding of the industrial level processes and practices.

Introduction to Big Data and Business Analytics

2022 ◽  
pp. 67-76
Author(s):  
Dineshkumar Bhagwandas Vaghela
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Data Sets ◽  
Complex Data ◽  
Business Analytics ◽  
Database Applications ◽  
Complex Data Sets ◽  
History Of ◽  
Rapid Generation

The term big data has come due to rapid generation of data in various organizations. In big data, the big is the buzzword. Here the data are so large and complex that the traditional database applications are not able to process (i.e., they are inadequate to deal with such volume of data). Usually the big data are described by 5Vs (volume, velocity, variety, variability, veracity). The big data can be structured, semi-structured, or unstructured. Big data analytics is the process to uncover hidden patterns, unknown correlations, predict the future values from large and complex data sets. In this chapter, the following topics will be covered more in detail. History of big data and business analytics, big data analytics technologies and tools, and big data analytics uses and challenges.

The Nature of Intelligent Analytics

2021 ◽  
pp. 1-21
Author(s):  
Zhaohao Sun ◽  
Andrew Stranieri
Keyword(s):  
Artificial Intelligence ◽  
Big Data ◽  
Research And Development ◽  
Business Intelligence ◽  
Data Analytics ◽  
Data Science ◽  
Big Data Analytics ◽  
Business Analytics ◽  
Novel Approach ◽  
Advanced Analytics

Intelligent analytics is an emerging paradigm in the age of big data, analytics, and artificial intelligence (AI). This chapter explores the nature of intelligent analytics. More specifically, this chapter identifies the foundations, cores, and applications of intelligent big data analytics based on the investigation into the state-of-the-art scholars' publications and market analysis of advanced analytics. Then it presents a workflow-based approach to big data analytics and technological foundations for intelligent big data analytics through examining intelligent big data analytics as an integration of AI and big data analytics. The chapter also presents a novel approach to extend intelligent big data analytics to intelligent analytics. The proposed approach in this chapter might facilitate research and development of intelligent analytics, big data analytics, business analytics, business intelligence, AI, and data science.

Sign in / Sign up

Export Citation Format

Share Document