Journal Press India®

International Journal of Management Issues and Research
Vol 6 , Issue 2 , July - December 2017 | Pages: 20-27 | Research Paper

Big Data Analytics : Extracting Value from Chaos, Challenges and Opportunities

Author Details ( * ) denotes Corresponding author

1. * Sandhya Rai, IILM Graduate School of Management, Greater Noida, Uttar Pradesh, India (raisandhya@gmail.com)
2. Anil Kumar Pundir, Guru Jambheshwar University of Science and Technology, Hisar, Haryana, India (anil.pundeer@gmail.com)

Big data has become the life blood of the organizations. The organizations are able to understand that if they are able to capture all the data that is streams into their businesses, then they can apply insight to get valuable information. The thought of data creating value is not new, business have always wanted to derive insight from data for making real time, fact based decisions. But the speed with which the data is generated and the variety in which it is available is tremendous. The aim of this paper is to understand the concept of big data and challenges and opportunities associated with the same. The paper also discus in details the steps involved in big data analytics and the relevance of each of these stages.

Keywords

Big data, big data analytics, data preparation, data visualization, data discovery, data scientist, IoT (Internet of Things), cloud, software.

1. Basel Kayyali, David Knott, and Steve Van Kuiken, The big-data revolution in US health care: Accelerating value and innovation. Retrieved from https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/the-big-data-revolution-in-us-health-care
2. Bernard Marr (2017), The 7 Best Data Visualization Tools In 2017. Retrieved from https://www.forbes.com/sites/bernardmarr/2017/07/20/the-7-best-data-visualization-tools-in-2017/#27c2d9176c30
3. Big Data Challenges and Opportunity. Retrieved from https://www.qubole.com/resources/big-data-challenges/
4. BI-Survey.com (2017), Data Discovery: A Closer Look at One of 2017's Most Important BI Trends. Retrieved from, https://bi-survey.com/data-discovery
5. Data Visualization: What it and why it matters. Retrieved from https://www.sas.com/en_us/insights/big-data/data-visualization.html
6. Data Preparation for Analytics: Use the Right Methods and Tools to Effectively Prepare Your Data for Analysis (2017). Retrieved from, https://www.sisense.com/bi-insights/data-preparation-analytics/
7. Gil Press (2016, March 23), Cleaning Big Data: Most Time-Consuming, Least Enjoyable Data Science Task. Retrieved from https://www.forbes.com/sites/gilpress/2016/03/23/data-preparation-most-time-consuming-least-enjoyable-data-science-task-survey-says/#471805086f63
8. IDC (2014), Digital Universe report. Retrieved from https://www.emc.com/leadership/digital-universe/2014iview/index.htm
9. Rhea Sharma (2017, July 10), Top 5 Challenges in Big Data Analytics. Retrieved from https://upxacademy.com/big-data-analysis-top-5-challenges/
10. Shweta Iyer (2016, April 29), Big Data Analytics: Challenges and Opportunities. Retrieved from https://www.knowledgehut.com/blog/bigdata-hadoop/big-data-analytics-challenges-and-opportunities
11. Thomas Erl, Paul Buhler, Wajid Khattak (2016, Feb 08), Big Data Fundamentals: Concepts, Drivers & Techniques, Retrieved from http://www.informit.com/articles/article.aspx?p=2473128&seqNum=11

Abstract Views: 1
PDF Views: 25

Related Article

News/Events

Dr. Moonje Institute...

C.H.M.E. Society's Dr. Moonje Institute of Management and Computer...

Book Title: Convergi...

Title: Converging Horizons in Construction and the Bu...

Update: Reviewer Nam...

Dear Reviewer, Greetings!! We are pleased to inform you that your ...

šŸ’Heartiest Congra...

JPI team extends its heartiest Congratulations to Prof. (Dr.) Thipendr...

Ramachandran Interna...

Ramachandran International Institute of Management (RIIM), Pune Org...

PCETs Pimpri Chinchw...

PCET's Pimpri Chinchwad College of Engineering and Research Org...

Institute of Managem...

Institute of Management Technology, Nagpur Organizing International...

GENDER CULTURES: Mul...

IIULM University, Milan, Italy Organizing GENDER CULTURES: Mul...

Dept. of MBA, Karnat...

Department of MBA, KLS, Gogte Institute of Technology, Belagavi Org...

Indira School of Bus...

Indira School of Mangement Studies PGDM, Pune Organizing Internatio...

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.