Discussion Topic: Given the enormity of data availability, data analytics has become more complex. This phenomenon...

Discussion Topic:

Given the enormity of data availability, data analytics has become more complex. This phenomenon is often called the Big Data problem. After conducting some basic research of scholarly articles, what are the problems and challenges in Big Data in business analytics? Identify and describe at least three problems (and/or challenges) in the Big Data phenomenon.

Support your post with information and concepts from the class readings. Use APA-style references wherever necessary to support your discussion. See the MIS Library Guide (Links to an external site.)Links to an external site. for access to relevant databases and research.

You must make at least two substantive responses to your classmates’ posts. Respond to these posts in any of the following ways:

Build on something your classmate said
Explain why and how you see things differently
Ask a probing or clarifying question
Share an insight from having read your classmates’ postings
Offer and support an opinion
Validate an idea with your own experience
Expand on your classmates’ postings
Ask for evidence that supports the post.

Solutions

Expert Solution

Although big data is modifying businesses by giving actionable insights, there are certain issues related to it. An issue with big data is that it grows continually & organizations usually fail to seize the opportunities & extract actionable info. Firms usually fail to recognize on where they should allocate their resources. This failure in assigning the resources outcomes in not making the most of the info. Apart from that, firms usually end up with talent which doesn’t understand how they should utilize big data analytics. Such a dearth of trained personnel who can extract information outcomes in firms not making the most of information possesses by them. Further, whilst extracting insights from the big data maintained by them, firms fail to identify the right aim & end up with insights which aren’t so helpful for their growth.

Whilst firms store big amounts of data sets, such sets consist of almost all kind of information which is even minutely meaningful for the firm. As an outcome, when authorities fail to fit proper security measures, they are vulnerable to the threat of data theft.

Rahul Sunny answered 1 year ago

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