Verified Document

Big Data Is Here To Stay Essay

Related Topics:

EPR Discussion



The client has been using an ERP system to integrate financial and non-financial information for decision-making. They have been hearing about Big Data. Briefly explain the concept of Big Data, including its advantages and disadvantages.

Generally speaking, the confluence of Enterprise Resource Planning, ERP, and Big Data is seen as a boon and "win" for the companies that use them to help their business. Indeed, businesses that can use Big Data to manage and wield massive amounts of data in ways that are advantageous from a business and strategic standpoint will tend to do much better than those that are unwilling or unable to do so. One upside to the melding of these two concepts and technologies is that the benefits are outstanding. A downside is that not all ERP systems are accustomed and designed to properly harness and use Big Data resources. Indeed, an ERP or Big Data Application is only as smart and adept as the person designing or using the technology.

Then, focus specifically on how Big Data analytics can be used to improve decision-making. Be sure to use examples that relate to AIS.

Two common and often-used benefits and uses for big data is inventory optimization and pricing optimization. Indeed, humans can engage in those activities but computers that are properly configured to monitor and use data can do so in a way that is much better and effective over the long-term. The main reason Big Data is the better use and application is because the data is "clean" and more timely. It is not muddled and weighed down with problems such as not being timely, being polluted by things that are not important so forth. Any student in an Associate of Information Sciences major needs to understand that Big Data is here to stay and that making effective and timely use of data and the tools that review the same is not an option anymore.

Works Cited

Woodle, Alex. "Making ERP Better With Big Data." Datanami. N.p., 2017. Web. 15 Feb. 2017.

Cite this Document:
Copy Bibliography Citation

Related Documents

Big Data Source for 2014 Election
Words: 730 Length: 2 Document Type: Essay

Open Data Source for Election 2014 Open data are the data that can be freely redistributed and used by anyone for personal or research purpose. One of the examples of open data is a government data that contain tremendous resources. Moreover, the open government data can assist in making a better decision. By law, the government data should be opened to anybody. Thus, the political analysts and statisticians have taken the

Advancing a Firm Through Big Data Usage
Words: 3672 Length: 8 Document Type: Term Paper

Problem Statement Our company is in the fashion industry specializing in discounted designer clothes and accessories for men and women. We currently have a brick and mortar location and a small online presence. The owner’s goal is to promote growth of the online store and become customer centric. Through the expansion of the online presence, the owner wants to get the process streamlined from brick and mortar to the online platform. Two

Data Mining
Words: 2372 Length: 6 Document Type: Research Paper

Computer Science Data Mining in the Film & Media Industry Motion pictures, cinema, or films, which are a leading form of entertainment in the visual media industry, is one of the most powerful, influential, and lucrative industries in the world and in modern history. For Americans, it is a common occurrence, for example, to read or hear news reports regarding the huge sums of revenue that films generate in their opening weekends

Data Security and Privacy
Words: 649 Length: 2 Document Type: Essay

Security and Privacy Five Central Concerns About Data Security and Privacy The five central concerns about data security and privacy that are the most common in personal and business use of computers are presented in this paper. Password security, the need companies have to keep their employees up-to-date with security training, and defining checks and balances to make sure information is not compromised are the three most important according to research.

Analytics and the Growing Dominance of Big
Words: 2022 Length: 5 Document Type: Essay

Analytics and the Growing Dominance of Big Data are Revolutionizing Strategic Decision-Making The level of uncertainty and risk that pervade many enterprises today is growing, as the dynamics and economics of markets are changing rapidly. The many rapid, turbulent structural changes in industries is also leading to a greater reliance on analytics and the nascent area of Big Data as well. The potential of this second area, Big Data, is in

Harnessing the Infrastructure and Data Involved in Information Management...
Words: 1609 Length: 5 Document Type: Term Paper

Harnessing Information Management, the Data, and Infrastructure 1. Ascertain the importance of information management for the company or industry that you have chosen Caesars Entertainment is an American gaming corporation that is headquartered in Paradise, Nevada. The company owns and runs various hotels, casinos, and golf courses under different brands. Information management is of great significance for the company and the gaming industry as a whole. Information management is largely significant for

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now