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What business benefits do cloud computing services provide
Advantages of big data
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1) Big Data and Cloud Computing
Big data is a term that describes the large volume of structured and unstructured data. These data exist and help businesses on a day to day basis. It is not the quantity of the amount of data that matters but rather the use of these data. Big data can be used to analyse for insights that will improve businesses such as better decision making and better strategic business planning (Kirkpatrick, 2013).
During the past years a new solution appeared in the IT field, Cloud computing, and it is Impossible to overlook it, in light of the fact that Cloud computing permits organizations to outsource information, electronically mail, folders and different applications through virtual stages through the medium of servers
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This report will list down a few of such benefits of using Big Data and Cloud Computing in an …show more content…
Again, one of the benefits of using Cloud computing is to reduce cost by reducing on equipment and expensive equipment by using the service provided by cloud computing service providers (Mamaghani, 2014). Cost of system upgrades, new hardware and software may be included in a cloud computing contract which will mean to take away the need to pay wages to professional IT staffs. Operation cost may be reduced as well due to no needs to run additional hardware in your office which will reduce energy consumption costs.
Business continuity. Protecting your data and system is one of the most important part of business continuity. In an event of natural disasters or accident, having data stored in the cloud ensures it being backed up and stored safely. Being able to access the data again allows the business to conduct business as per usual and reduce downtime and delays.
Flexibility of work location. By using cloud computing services, employees can work from anywhere with just an access point (Laptop or desktop or mobile) and internet connection. For example, employees can access data while on a holiday trip or at home. If there is a need to connect and have access to the data while you are not in the office, you are able to connect to the virtual office via cloud computing easily (Thomas,
Cloud is the result of a decade research in the field of distributing computing , utility computing, virtualization , grid computing and more recently software, network services and web technology which is changeable evolution on demanding technology and services also as looking to the rapid growth of cloud computing which have changed the global computing infrastructure as well as the concept of computing resources toward cloud infrastructure. The important and interest of cloud computing increasing day by day and this technology receives more and more attention in the world (Jain, 2014) the mostly widely used definition of cloud computing is introduced by NIST “as a model for enabling a convenient on demand network access
Big Data is characterized by four key components, volume, velocity, variety, and value. Furthermore, Big Data can come from an array sources such as Facebook, Twitter, call
According to Lisa Arthur, big data is as powerful as a tsunami, but it’s a deluge that can be controlled. In a positive way it provides business insights and value. Big data is data that exceeds the processing capacity of conventional database systems. It is a collection of data from traditional and digital sources inside and outside a company that represents a source of ongoing discovery and analysis. The data is too big, moves to fast, or doesn’t fit the structures of the database architecture. Daily, we create 2.5 quintillion bytes of data. In the last couple years we have created 90% of data we have in the world. This data comes from many places like climate information, social media sites, pictures or videos, purchase transaction records, cell phone GPS signals, and many more places. From the beginning of recorded time through 2003 users created 5 billion gigabytes of data. 2011, the same amount was created every couple days. 2013, we created that same amount every ten minutes. Some users prefer to constrain big data into digital inputs like web behavior and social network interactions. The data doesn’t exclude traditional data that is from product transaction information, financial records and interaction channels.
Short Answer (Please choose and answer FIVE of the seven questions in your own words using complete sentences, ten points each)
Big data helps you understand how people perceive your products; with data that is received with every purchase, you will be able to know how your products are received in the market.
Big Data is a term used to refer to extremely large and complex data sets that have grown beyond the ability to manage and analyse them with traditional data processing tools. However, Big Data contains a lot of valuable information which if extracted successfully, it will help a lot for business, scientific research, to predict the upcoming epidemic and even determining traffic conditions in real time. Therefore, these data must be collected, organized, storage, search, sharing in a different way than usual. In this article, invite you and learn about Big Data, methods people use to exploit it and how it helps our life.
...Implementation of cloud systems can be implemented in stages with costs that coincide with usage. The ROI outweighs the issues or problems that could occur. Cloud computing gives a competitive advantage of being able to keep up with changes in technology without having the cost involved. Amazons cloud computing allowed companies like Ericsson to remain competitive and thrive.
The key strategy implementation efforts at Amazon all surround the use of “big data”. Big data is the growth and availability of large volumes of structured/unstructured data. The use of big data has allowed decision making based upon data and analysis instead of past experience and intuition. Big data has directed organizational change in allowing Amazon to expand from an online book store to an internet giant. Revolutionary application of big data has allowed Amazon to create superior service quality while motivating employees by providing real time information to solve customer issues. Big data has strengthened Amazon’s competitive capabilities by pioneering the application of big data and charging a monthly fee to smaller businesses
You may ask what big data analytics is. Well according to SAS, the leading company in business analytics software and services describes big data analytics as “the process of examining big data to uncover hidden patterns, unknown correlations and other useful information that can be used to make better decisions.” As the goal of many companies which is to seek insights into the massive amount of structured, unstructured, and binary data at their disposal to improve business decisions and outcomes, it is evident why big data analytics is a big deal. “Big data differs from traditional data gathering due to that it captures, manages, and processes the data with low-latency. It also one or more of the listed characteristics: high volume, high velocity, or high variety. Big data comes from sensors, devices, video/audio, networks, log files, web, and social media which much of it is generated in real time and in a very large scale.”(IBM) In other words, companies moving towards big data analytics are able to see faster results but it continues to reach exceptional levels moving faster than the average person can maintain.
Effectively, big data provides the companies with the opportunity to know and understand their customers. With Big Data, a company holds a lot of information about their customers, such as their habits, what is the product they prefer, the time they make purchases, how many products they buy and what kind of promotion their prefer. Then they can make a relation with who the person is, age, gender. Thus they can adapt their offer to the customer. If you are a good client, you can have private discount, or more discount. The objective is to know personally your customer to make them feeling unique.
Cloud storage basic terms, is a way to save information to the web that can managed data storage. Cloud computing services are online services, which store this information to a safe and secure location online. It’s offered a quicker, easier and safer backup than conventional methods of file storage such as bookshelves or cardboard files.
Cloud computing is able to increase the speed of business. Cloud computing offers the speed to make computing resources on an instance basis, not just need to first survey time and skilled resources in design and implement infrastructure and applications to deploy and test it. Cloud computing can engance revenue, share bigger market, or other advantages.
Big data will then be defined as large collections of complex data which can either be structured or unstructured. Big data is difficult to notate and process due to its size and raw nature. The nature of this data makes it important for analyses of information or business functions and it creates value. According to Manyika, Chui et al. (2011: 1), “Big data is not defined by its capacity in terms of terabytes but it’s assumed that as technology progresses, the size of datasets that are considered as big data will increase”.
4. Big Data is the ever growing revolutionary step forward for bigger marketing . It means analyzed, competent, variety of huge data that has been stored for implying it for bigger decisions in the market. The Marketing companies which are achieved to collect large amount of data they used to go into a deeper analysis of that data in a more richer way to represent and inputting unstructured to structured one and used it as strategic decisions for bigger market value. While doing this analysis of the big data, it comes up with some disadvantages: they are overloading and creating