EFFECTIVE DECISION SUPPORT IN THE BIG DATA ERA

2022 ◽  
Vol 14 (1) ◽  
pp. 0-0

This study conducts a review and synthesis of the Business Intelligence and Analytics (BI&A) evolution, applications, frameworks and emerging trends with the aim to provide a summary of core concepts, a succinct but valuable description of main applications and frameworks, and an account of main recommendations for addressing the Big Data challenges and opportunities. It develops an integrated and organized view on the BI&A evolution process and presents an integrated BI&A application framework to help organizations adopt or develop the appropriate BI&A solutions to derive the desired impact in the Big Data era. This paper also elicits a set of practical recommendations to executives and leaders in organizations worldwide for interpreting the BI&A literature and applying the rich body of knowledge for IT practitioners. It traces the BI&A evolution to data-driven discovery and highly proactive and creative decision-making utilizing advanced analytical techniques with unstructured and massive data sources to cope with a highly dynamic global business environment in the Big Data era.

Author(s):  
Shakir Karim

Big Data has generated and is continuing to create a lot of buzz in not only the technology field but across the globe. It promises significant interventions, big changes, innovations, and integration with and within the routine lives. Big Data helps people to arrive at new answers and new ways of making life better for people. The past few years have seen Big Data moving forward dramatically. 2020 holds a lot of promise regarding emerging trends in this fantastic new domain. This paper therefore presents a comprehensive analysis of issues in the context of Big Data in Australia and relevant consequences formed by Big Data. Identifying the issues can assist in a better and clear understanding of extents for prospective development and advance within the Big Data industry and support online sector of Australia. This paper mainly has used secondary research data analysis and methods to provide a broad investigation of the issues relevant to Big Data in Australia, the reasons of those issues in Small to Mid-Sized Enterprises-SMEs. The research is subject to academic journal articles, conference proceedings, academic text books, project reports, media articles, corporation-based documents and other appropriate information. The study found that Big Data allows the potential users to do prompt decision making at the point of job responsibility. Big Data provides the flexibility of connecting to business anywhere and anytime. It has the potential to revolutionize the research. It also helps achieving the goals of turning all the collected data into actionable wisdom. Finally, the review found that Big Data allow Australian employees to be more flexible and productive in their work. However, it may be one of the biggest disruptors, but only if we interpret it using a human touch.   Keywords: Big Data, Challenges, Opportunities, Australia;  


Author(s):  
Karigoleshwar .

In financial sector the banking industry is the largest player, has also been undergoing a major change. Today the banking industry is stronger and capable of withstanding the pressures of competition. Today, we are having a fairly well developed banking system with different classes of banks – public sector banks, foreign banks, private sector banks – both old and new generation, regional rural banks and co-operative banks with the Reserve Bank of India as the fountain Head of the system. In the banking field, there has been an unprecedented growth and diversification of banking industry has been so stupendous that it has no parallel in the annals of banking anywhere in the world. The banking industry has experienced a series of significant transformations in the last few decades. Among the most important of them is the change in the type of organizations that dominate the landscape. Since the eighties, banks have increased the scope and scale of their activities and several banks have become very large institutions with a presence in multiple regions of the country.' The paper examines the new trends in commercial banking. The present era the cashless transactions, E-cheques, mobile wallets. The paper attempts to present the emerging trends and its challenges that recently emerged in the banking sector with special emphasis on digitization. It will be useful to the academicians, banking and insurance personnel, students and researchers. Common readers also know the latest innovations in banking sector


Author(s):  
Philip Habel ◽  
Yannis Theocharis

In the last decade, big data, and social media in particular, have seen increased popularity among citizens, organizations, politicians, and other elites—which in turn has created new and promising avenues for scholars studying long-standing questions of communication flows and influence. Studies of social media play a prominent role in our evolving understanding of the supply and demand sides of the political process, including the novel strategies adopted by elites to persuade and mobilize publics, as well as the ways in which citizens react, interact with elites and others, and utilize platforms to persuade audiences. While recognizing some challenges, this chapter speaks to the myriad of opportunities that social media data afford for evaluating questions of mobilization and persuasion, ultimately bringing us closer to a more complete understanding Lasswell’s (1948) famous maxim: “who, says what, in which channel, to whom, [and] with what effect.”


2019 ◽  
Vol 10 (4) ◽  
pp. 106
Author(s):  
Bader A. Alyoubi

Big Data is gaining rapid popularity in e-commerce sector across the globe. There is a general consensus among experts that Saudi organisations are late in adopting new technologies. It is generally believed that the lack of research in latest technologies that are specific to Saudi Arabia that is culturally, socially, and economically different from the West, is one of the key factors for the delay in technology adoption in Saudi Arabia. Hence, to fill this gap to a certain extent and create awareness about Big Data technology, the primary goal of this research was to identify the impact of Big Data on e-commerce organisations in Saudi Arabia. Internet has changed the business environment of Saudi Arabia too. E-commerce is set for achieving new heights due to latest technological advancements. A qualitative research approach was used by conducting interviews with highly experienced professional to gather primary data. Using multiple sources of evidence, this research found out that traditional databases are not capable of handling massive data. Big Data is a promising technology that can be adopted by e-commerce companies in Saudi Arabia. Big Data’s predictive analytics will certainly help e-commerce companies to gain better insight of the consumer behaviour and thus offer customised products and services. The key finding of this research is that Big Data has a significant impact in e-commerce organisations in Saudi Arabia on various verticals like customer retention, inventory management, product customisation, and fraud detection.


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