The paper "Big Data Analytics" by Sumit Suresh Jadhav and Mrs. Sujata Patil explores the challenges and opportunities presented by big data in the digital era. Big data, characterized by its volume, variety, and velocity, poses significant challenges for traditional management tools and methods. The authors discuss the importance of advanced analytical techniques and tools for effectively handling and deriving insights from large datasets. They review existing literature on big data analytics, focusing on tools, methods, and technologies applicable to big data analysis, and their potential applications across different decision-making domains.
The paper highlights the need for new approaches to big data analytics, storage, and analysis methods due to the sheer size, diversity, and rapid evolution of data. It emphasizes the importance of proper data architecture, analytical methods, and tools to extract relevant information from massive datasets. The authors also discuss the characteristics of big data, including volume, variety, velocity, and veracity, and the need for distributed computing, machine learning, and advanced analytics to manage and analyze these datasets.
The paper covers various big data analytics tools and methods, such as HDFS and NoSQL databases for storage, MapReduce for processing, and frameworks like the Big Data, Analytics, and Decisions (B-DAD) framework for integrating big data tools into the decision-making process. It also explores the applications of big data analytics in customer intelligence, supply chain and performance management, risk management, and fraud detection, highlighting how these insights can drive business decisions and innovation.
In conclusion, the paper underscores the critical role of big data in providing valuable information and knowledge for decision-makers, emphasizing the need for thorough analysis and the integration of big data tools and techniques into the decision-making process to leverage the full potential of big data.The paper "Big Data Analytics" by Sumit Suresh Jadhav and Mrs. Sujata Patil explores the challenges and opportunities presented by big data in the digital era. Big data, characterized by its volume, variety, and velocity, poses significant challenges for traditional management tools and methods. The authors discuss the importance of advanced analytical techniques and tools for effectively handling and deriving insights from large datasets. They review existing literature on big data analytics, focusing on tools, methods, and technologies applicable to big data analysis, and their potential applications across different decision-making domains.
The paper highlights the need for new approaches to big data analytics, storage, and analysis methods due to the sheer size, diversity, and rapid evolution of data. It emphasizes the importance of proper data architecture, analytical methods, and tools to extract relevant information from massive datasets. The authors also discuss the characteristics of big data, including volume, variety, velocity, and veracity, and the need for distributed computing, machine learning, and advanced analytics to manage and analyze these datasets.
The paper covers various big data analytics tools and methods, such as HDFS and NoSQL databases for storage, MapReduce for processing, and frameworks like the Big Data, Analytics, and Decisions (B-DAD) framework for integrating big data tools into the decision-making process. It also explores the applications of big data analytics in customer intelligence, supply chain and performance management, risk management, and fraud detection, highlighting how these insights can drive business decisions and innovation.
In conclusion, the paper underscores the critical role of big data in providing valuable information and knowledge for decision-makers, emphasizing the need for thorough analysis and the integration of big data tools and techniques into the decision-making process to leverage the full potential of big data.