Do some research on the interrelated topics of Big Data Busi

Do some research on the interrelated topics of Big Data, Business Intelligence, and Data Analytics. Give some thought to how the use of such IT resources and strategies might benefit a company

Solution

Big data is which includes data sets with sizes beyond the ability of commonly used software tools to capture, curate, manage, and process data within a tolerable elapsed time.This tool helps the company to interpret and take decision on the data.

Business intelligence is the set of techniques and tools for the transformation of raw data into meaningful and useful information for business analysis purposes. Business intelligence technologies are capable of handling large amounts of unstructured data to help identify, develop and otherwise create new strategic business opportunities. The goal of BI is to allow for the easy interpretation of these large volumes of data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability.

Data analytics is the science of examining raw data with the purpose of drawing conclusions about that information. Data analytics is used in many industries to allow companies and organization to make better business decisions and in the sciences to verify or disprove existing models or theories. Data analytics is distinguished from data mining by the scope, purpose and focus of the analysis. Data miners sort through huge data sets using sophisticated software to identify undiscovered patterns and establish hidden relationships. Data analytics focuses on inference, the process of deriving a conclusion based solely on what is already known by the researcher.