BIG DATA STRATEGY
Ttether big data refers to the very large volume of data both structured and unstructured. The big data consists of very diverse sets of data. The size of the data and the speed at which the data must be processed differentiate the big data from traditional database. The source of data for big data mainly includes the scientific instrumentation and experiments, sensors and RFIDs and the social networking platforms. However, the internet of things is bringing more raw data into the system. Virtually every electronic device can be connected to the internet which generates huge amount of data in daily basis. The variation in the type and the application of the data requires the big data to be equipped with different architecture and software tools which are different from the softwar that are used to handle traditional data(Rouse, 2016)
BIG DATA STRATEGY
The big data analytics is transforming the way the business decision are made. The big data provides a scientific and statistical way to view the business operation and process. Hence, the business can make decision based on the objective information and data. The decision made using big data analytics are likely to be more balanced and risk averse. The fact that the data are generated and analyzed in real time allows business to make action quickly and gain better time value. Though many business have turn to big data many still have to utilize the big data in their decision making process. The business organization must be able to figure out the appropriate tools, technologies and analytics to take advantage of big data in the process of decision making. The traditional tools which are based on relational database are not well suited for the big data. The software also cannot handle the large computational demand present in the big data technology. The NoSQL database and Hadoop and the similar tools provides solution for the modern application using big data. NoSQL database is able to work with the dynamic data which may be structured or unstructured. Some business might uses the Hadoop and the NoSQL database as the preliminary entry point for the data before passing it through data analytics(Rouse, 2017). The process may transform the data into the form which is resemble a relational structure.
The business strategy to use big data for the process of making decision must consider its business objective. The framework must be developed on the basis of which the big data strategy and technology can be deployed.
Figure 1 Big data Framework
The framework consist of four business strategy using the big data technology and analytics to enhance the business decision making process.