Reasearch Paper 2
Reasearch Paper 2
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1 Introduction
Imagine a world without data storage; a place where every detail about a person or
organization, every transaction performed, or every aspect which can be documented
is lost directly after use. Organizations would thus lose the ability to extract valuable
information and knowledge, perform detailed analyses, as well as provide new oppor-
tunities and advantages. Anything ranging from customer names and addresses, to
products available, to purchases made, to employees hired, etc. has become essential
for day-to-day continuity. Data is the building block upon which any organization
thrives.
Now think of the extent of details and the surge of data and information provided
nowadays through the advancements in technologies and the internet. With the in-
crease in storage capabilities and methods of data collection, huge amounts of data
have become easily available. Every second, more and more data is being created and
needs to be stored and analyzed in order to extract value. Furthermore, data has be-
come cheaper to store, so organizations need to get as much value as possible from
the huge amounts of stored data.
The size, variety, and rapid change of such data require a new type of big data ana-
lytics, as well as different storage and analysis methods. Such sheer amounts of big
data need to be properly analyzed, and pertaining information should be extracted.
The contribution of this paper is to provide an analysis of the available literature on
big data analytics. Accordingly, some of the various big data tools, methods, and
technologies which can be applied are discussed, and their applications and oppor-
tunities provided in several decision domains are portrayed.
The literature was selected based on its novelty and discussion of important topics
related to big data, in order to serve the purpose of our research. The publication years
range from 2008-2013, with most of the literature focusing on big data ranging from
2011-2013. This is due to big data being a recently focused upon topic. Furthermore,
our corpus mostly includes research from some of the top journals, conferences, and
white papers by leading corporations in the industry. Due to long review process of
journals, most of the papers discussing big data analytics, its tools and methods, and
its applications were found to be conference papers, and white papers. While big data
analytics is being researched in academia, several of the industrial advancements and
new technologies provided were mostly discussed in industry papers.
Hadoop is a MAD system, thus making it popular for big data analytics by loading
data as files into the distributed file system, and running parallel MapReduce compu-
tations on the data. Hadoop gets its magnetism and agility from the fact that data is
loaded into Hadoop simply by copying files into the distributed file system, and Ma-
pReduce interprets the data at processing time rather than loading time.Thus, it is
capable of attracting all data sources, as well as adapting its engines to any evolu-
tions that may occur in such big data sources.
After big data is stored, managed, and processed, decision makers need to extract
useful insights by performing big data analyses. In the subsections below, various big
data analyses will be discussed, starting with selected traditional advanced data ana-
lytics methods, and followed by examples of some of the additional, applicable big
data analyses.
4 Conclusion
In this research, we have examined the innovative topic of big data, which has recent-
ly gained lots of interest due to its perceived unprecedented opportunities and bene-
fits. In the information era we are currently living in, voluminous varieties of high
velocity data are being produced daily, and within them lay intrinsic details and pat-
terns of hidden knowledge which should be extracted and utilized. Hence, big data
analytics can be applied to leverage business change and enhance decision making, by
applying advanced analytic techniques on big data, and revealing hidden insights and
valuable knowledge.
Accordingly, the literature was reviewed in order to provide an analysis of the big
data analytics concepts which are being researched, as well as their importance to
decision making. Consequently, big data was discussed, as well as its characteristics
and importance. Moreover, some of the big data analytics tools and methods in par-
ticular were examined. Thus, big data storage and management, as well as big data
analytics processing were detailed. In addition, some of the different advanced data
analytics techniques were further discussed.
By applying such analytics to big data, valuable information can be extracted and
exploited to enhance decision making and support informed decisions. Consequently,
some of the different areas where big data analytics can support and aid in decision
making were examined. It was found that big data analytics can provide vast horizons
of opportunities in various applications and areas, such as customer intelligence, fraud
detection, and supply chain management. Additionally, its benefits can serve different
sectors and industries, such as healthcare, retail, telecom, manufacturing, etc.
Accordingly, this research has provided the people and the organizations with ex-
amples of the various big data tools, methods, and technologies which can be applied.
This gives users an idea of the necessary technologies required, as well as developers
an idea of what they can do to provide more enhanced solutions for big data analytics
in support of decision making. Thus, the support of big data analytics to decision
making was depicted.
Finally, any new technology, if applied correctly can bring with it several potential
benefits and innovations, let alone big data, which is a remarkable field with a bright
future, if approached correctly. However, big data is very difficult to deal with. It
requires proper storage, management, integration, federation, cleansing, processing,
analyzing, etc. With all the problems faced with traditional data management, big data
exponentially increases these difficulties due to additional volumes, velocities, and
varieties of data and sources which have to be dealt with. Therefore, future research
can focus on providing a roadmap or framework for big data management which can
encompass the previously stated difficulties.
We believe that big data analytics is of great significance in this era of data over-
flow, and can provide unforeseen insights and benefits to decision makers in various
areas. If properly exploited and applied, big data analytics has the potential to provide
a basis for advancements, on the scientific, technological, and humanitarian levels.
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