Question

In: Statistics and Probability

Scan the internet and find an article about big data. Discuss the implications of big data...

Scan the internet and find an article about big data. Discuss the implications of big data by considering the pros and cons. Is big data a good thing? Is the collection of data from people without their knowledge or consent ethical? Will the information gathered from big data be beneficial? Include the internet link to the article in the initial discussion post

Solutions

Expert Solution

Big Data is a digital phenomenon that enables the collection and use of massive amounts of data derived from both man and machine. This data is characterized in terms of its volume, variety, velocity, veracity,variability, and its complexity. Big Data allows firms to rapidly capture, analyze, and exploit in-formation, it can also enable access to data that compromises an individual's privacy.

Pros:-

  • it provides useful insights through Data Visualization.
  • it enable businesses make wiser business decisions.
  • Big data can provide information for helping customers.
  • Big data enables predictions against specific situations.
  • Big data information can be sold as a big revenue item.

Cons:-

  • Cost-Data Visualization applications cost a decent some of money, and it may not be possible for especially small companies to spend that much resources upon purchasing them.
  • The data doesn't structure itself. It takes a lot of manipulation to get it in useable form.
  • Big data may stagnate the data infrastructure.

yes big data isa good thing because it Identifying the root causes of failures and issues in real time.

Collecting data from peoplw withou their knowledge is not ethical. Information gathered from big data be highly beneficial when gathered data is releted to our area of study of interest.



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