Big Data Essay

Big Data is a revolutionary term that means different things to different people. The term “Big Data”, however, mainly focuses on the handling and analysis of extremely large amounts of data. As time passes, the size of data that organizations encounter grows significantly each year. These data can range from transactions within a grocery store to tweets submitted on Twitter and many other sources. However, what remains the same is the fact that data are plentiful, and organizations must find…

The technology is allowing institutions to analyze data and forecast issues related to at-risk groups, financial management, supply logistics and facilities management. New legislation requires caregiving facilities to cut costs. Big data technology’s maturation arrived at the perfect time to revolutionize the healthcare practice. Medical organizations are slowly implementing improved equipment…

Marsha: What is meant by the term “big data” and why is it important to understand. Big date often refers to “a collection of data from traditional and digital sources inside and outside your company that represents a source for ongoing discovery and analysis” (Arthur, 2013, para 6). Several elements correlate with unstructured data, they are “volume, velocity, variety, veracity” (Hoyt, Bailey, & Yoshihashi, 2014, p. 45). Volume relates to how data is continuously expands with information…

Noting the promise and potential big data analytics offers in the healthcare industry, it is equivalently important to consider the potential technical and socio-political challenges it will face during its development and in the wake of its implementation. Firstly some of the biggest technical challenges big data analytics must face include driving the collection of health data in real-time and minimizing lag between data collection and processing (W. Raghupathi and V. Raghupathi). Additionally…

Big Data Introduction In approximately 2007, IBM (International Business Machines) researchers set out to create a computer system that could compete with humans on the popular television game show Jeopardy (Clive, 2010). Most search engines, like Bing or Google, generate a list of sources from a keywords search. The sources direct users to webpages that may or may not contain the information sought by the user. IBM researchers aimed to develop a question and answering system that could…

Beyond the different software companies used for Big Data Analytics, there are other ways that Big Data affect the accountancy profession. A major effect on the field of accounting is the law that takes place while the processes are amended to adapt to the current technology age. Overseers such as: FASB and the SEC have certain laws and regulations that alter the way accountants perform the assigned tasks required by their profession. In addition to adding unprecedented rules, FASB and the SEC…

if not most, businesses and they have allowed companies both big and small to collect data and keep it organized. As time has gone on, computers have become more sophisticated and capable which has allowed many businesses to collect years and years of data, but now many of those businesses are faced with the challenge of finding value in the collection. Analysts are faced with the challenge of sorting, filtering, and presenting the data in a way that is meaningful for the leaders of a business…

practice is moving from relatively ad-hoc and subjective decision making to modern evidence-based healthcare. Big data has changed the way we manage, analyse and leverage data in any industry. Big data can applied in many industries included healthcare. Big data in healthcare is used for large and complex health data sets that they are difficult to manage with traditional software or hardware. Big data in healthcare is overwhelming…

services like real-time and offline data processing. [28] Ling Cen ; Ruta, D. ; Ng, Jason. Proposed a method for Big Data analytics to improve the students' learning and maximise their knowledge retention. [29] 2 0 1 4 Demchenko, Y. ; de Laat, C. ; Membrey, P. To address all aspects of the Big Data Ecosystem, a Big Data…

and Kenneth Cukier’s novel’s Big Data, big data is “...the ability of society to harness information in novel ways to produce useful insights…” (2). The advent of new technology allows vast amounts of data to be accessed and collected. There is an overabundance of data on nearly everything, and this data is used to answer questions and provide a better understanding of the world, things that were difficult and time consuming to do before the emergence of big data. Big data offers many enticing…