Discussion case 5

1. What do you think are the advantages of the Big Data concept? Big Data is a concept with various benefits in regards to different industries. First of all, it makes it possible for businesses to effectively gather and analyze huge amounts of data, as well as rapidly finding patterns, trends, and correlations that might otherwise go missed without the concept of big data. Additionally, it improves operational efficiency through resource allocation and process optimization, and is essential to innovation since it helps create new goods and services. Thus, adopting data-driven tactics will enable businesses to maintain their competitiveness in the rapidly changing “digital environment”. 2. Do a search on the internet and find the following:  Five facts about the Big Data (good or bad): - As estimated by the IDC, by 2025, the world's datasphere will have grown to 175 zettabytes. - In 2021, Statista conducted a survey in which 67% of the organizations stated that real-time analytics was a major factor in their decision to implement Big Data technologies. - According to LinkedIn, between 2012 and 2017, demand for Big Data engineers increased by 500% and for data scientists by 650%. - According to a World Economic Forum report, the deployment of smart grids made possible by Big Data technologies could cut carbon emissions by 9% by 2030. - Big Data is often used by huge e-commerce companies like Amazon to examine consumer behavior and preferences.  Identify and copy and paste 5 links to internet sources that you assess as credible and that provide interesting information about the Big Data. - https://www.investopedia.com/terms/b/big-data.asp - https://www.coursera.org/articles/big-data-in-healthcare - https://www.mckinsey.com/industries/healthcare/our-insights/the-big-data-revolution-in-us- health-care - https://www.forbes.com/sites/bernardmarr/2015/09/30/big-data-20-mind-boggling-facts- everyone-must-read/?sh=68bfa45b17b1 - https://www.turing.com/resources/big-data-security 3. Enter www.visualmining.com and explore the relationship between visualization and business intelligence. What is a dashboard? Discuss how you think BI is related to the dashboard? Key performance indicators (KPIs) and other pertinent data are shown visually on a dashboard, which provides a concise, comprehensible overview of the most important information. It serves as a user interface that enables users to quickly monitor, evaluate, and understand metrics and data trends. Dashboards and business intelligence (BI) are closely related because BI offers the foundational structure for gathering, analyzing, and turning unprocessed data into insights that can be put to use. By enabling the development of dynamic dashboards, BI tools facilitate the use of data for decision-making via real- time data. 4. Access http://www.softwareadvice.com/ca/bi/ and check a few of the software and choose the one you like then indicate as to why you like it. Out of all the software’s found on the website I chose to pick a software called “Grow”. I liked this one in particular because it’s targeted towards small to midsize organizations, making it easy for them to create dashboards in order to keep an eye on important activities and business processes. In addition, I liked the simplicity of this software as it allows these small or midsize organizations to easily collect and unify corporate data from multiple sources onto a single platform.