Big data Term Paper Example | Topics and Well Written Essays - 3000 words

Big data - Term Paper Example There is a huge amount of data available on the Internet. This report presents an analysis of big data. The basic purpose of this research is to present an overview of big data and how it can be used by the organizations for the betterment of their organizational tasks. This report will start with an introduction of big data. After that a general discussion will provided on big data and its associated aspects. In the start this report discusses the general concepts associated with big data however after that a detailed discussion will be provided on the impact of big data on a specific organization. In this scenario, this report will present a detail discussion on the impact of big data on healthcare sector. ... In view of the fact this era is known as the age of information and communication technology in which everything appears in digital format, and as a result everything comes under the domain of data. For instance in the medical sector, an electrocardiogram is now used in digital format which can be collected and stored as a dataset and information (attained after the processing of these data). In the same way, MRIs, CT scans and a variety of medical images are at the present digital, and these unique digital records and files are being stored and processed in the form of datasets. Hence, thousands and thousands of distinct datasets are adding up to the big data (Ackerman). Opportunities offered by the Big Data At the present, with the big data the majority of business organizations and retailers make use of data more efficiently to make planned decisions that commence with the customer and help to develop a more thorough design process. In addition, â€Å"this analytics-driven design can intensify major touch points all the way through the customer experience at the same time as improving sales beneficially† (Trank p.2). The research has shown that the organizations that use big data for their business can be familiar with their customers and the way they communicate with the business and shop online much better than many of those customers can be familiar with themselves. In fact, these datasets are not only the huge volumes of data but also they provide the organizations with excellent ways to determine and keep records of their transactions as well as other communications with suppliers, retailers, banks, utilities and service providers. In addition, at the present there have emerged a number of algorithms which can be applied on