Title
Big Data Analytics: Prospects, Challenges, and Applications
Abstract
In the era of the fourth industrial revolution (Industry 4.0), big data has major impact on businesses, since the revolution
of networks, platforms, people and digital technology have changed the determinants of firms’ innovation and
competitiveness. An ongoing huge hype for big data has been gained from academics and professionals, since big data
analytics leads to valuable knowledge and promotion of innovative activity of enterprises and organizations,
transforming economies in local, national and international level. In that context, data science is defined as the collection
of fundamental principles that promote information and knowledge gaining from data. The techniques and applications
that are used help to analyze critical data to support organizations in understanding their environment and in taking
better decisions on time. Nowadays, the tremendous increase of data through the Internet of Things (continuous increase
of connected devices, sensors and smartphones) has contributed to the rise of a “data-driven” era, where big data
analytics are used in every sector (agriculture, health, energy and infrastructure, economics and insurance, sports, food
and transportation) and every world economy. The growing expansion of available data is a recognized trend worldwide,
while valuable knowledge arising from the information come from data analysis processes. In that context, the bulk of
organizations are collecting, storing and analyzing data for strategic business decisions leading to valuable knowledge.
The ability to manage, analyze and act on data (“data-driven decision systems”) is very important to organizations and is
characterized as a significant asset. A huge repository of terabytes of data is generated each day from modern
information systems and digital technologies such as Internet of Things and cloud computing. Analysis of these massive
data requires a lot of efforts at multiple levels to extract knowledge for decision making. Therefore, big data analysis is a
current area of research and development. The basic objective of this paper is to explore the potential impact of big data
Prospects, Challenges, and Applications .
Key Words
Big data ⋅ Big data analytics ⋅ Performance ⋅ Enterprises Knowledge management ⋅ Internet of things (IoT)
Cite This Article
"Big Data Analytics: Prospects, Challenges, and Applications", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.a57-a65, November-2023, Available :
http://www.jetir.org/papers/JETIR2311008.pdf
ISSN
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Cite This Article
"Big Data Analytics: Prospects, Challenges, and Applications", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppa57-a65, November-2023, Available at : http://www.jetir.org/papers/JETIR2311008.pdf
Publication Details
Published Paper ID: JETIR2311008
Registration ID: 527352
Published In: Volume 10 | Issue 11 | Year November-2023
DOI (Digital Object Identifier):
Page No: a57-a65
Country: Hyderabad, Telangana, India .
Area: Science & Technology
ISSN Number: 2349-5162
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