BIG DATA IN BUSINESS ENVIRONMENT

In recent years, dealing with a lot of data originating from social media sites and mobile communications among data from business environments and institutions, lead to the definition of a new concept, known as Big Data. The economic impact of the sheer amount of data produced in a last two years h...

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Main Authors: Logica BANICA, Alina HAGIU
Format: Article
Language:English
Published: Publishing house of University of Pitesti, Romania 2015-06-01
Series:Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice
Subjects:
Online Access:http://economic.upit.ro/repec/pdf/2015_1_10.pdf
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author Logica BANICA
Alina HAGIU
author_facet Logica BANICA
Alina HAGIU
author_sort Logica BANICA
collection DOAJ
description In recent years, dealing with a lot of data originating from social media sites and mobile communications among data from business environments and institutions, lead to the definition of a new concept, known as Big Data. The economic impact of the sheer amount of data produced in a last two years has increased rapidly. It is necessary to aggregate all types of data (structured and unstructured) in order to improve current transactions, to develop new business models, to provide a real image of the supply and demand and thereby, generate market advantages. So, the companies that turn to Big Data have a competitive advantage over other firms. Looking from the perspective of IT organizations, they must accommodate the storage and processing Big Data, and provide analysis tools that are easily integrated into business processes. This paper aims to discuss aspects regarding the Big Data concept, the principles to build, organize and analyse huge datasets in the business environment, offering a three-layer architecture, based on actual software solutions. Also, the article refers to the graphical tools for exploring and representing unstructured data, Gephi and NodeXL.
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spelling doaj.art-b22f1d67115c45af9701af3d5885970e2022-12-21T18:15:22ZengPublishing house of University of Pitesti, RomaniaBuletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice1583-18092344-49082015-06-011417986BIG DATA IN BUSINESS ENVIRONMENTLogica BANICA0Alina HAGIU1Faculty of Economics, University of Pitesti, RomaniaFaculty of Economics, University of Pitesti, RomaniaIn recent years, dealing with a lot of data originating from social media sites and mobile communications among data from business environments and institutions, lead to the definition of a new concept, known as Big Data. The economic impact of the sheer amount of data produced in a last two years has increased rapidly. It is necessary to aggregate all types of data (structured and unstructured) in order to improve current transactions, to develop new business models, to provide a real image of the supply and demand and thereby, generate market advantages. So, the companies that turn to Big Data have a competitive advantage over other firms. Looking from the perspective of IT organizations, they must accommodate the storage and processing Big Data, and provide analysis tools that are easily integrated into business processes. This paper aims to discuss aspects regarding the Big Data concept, the principles to build, organize and analyse huge datasets in the business environment, offering a three-layer architecture, based on actual software solutions. Also, the article refers to the graphical tools for exploring and representing unstructured data, Gephi and NodeXL.http://economic.upit.ro/repec/pdf/2015_1_10.pdfBig Databusiness environmentanalysis software
spellingShingle Logica BANICA
Alina HAGIU
BIG DATA IN BUSINESS ENVIRONMENT
Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice
Big Data
business environment
analysis software
title BIG DATA IN BUSINESS ENVIRONMENT
title_full BIG DATA IN BUSINESS ENVIRONMENT
title_fullStr BIG DATA IN BUSINESS ENVIRONMENT
title_full_unstemmed BIG DATA IN BUSINESS ENVIRONMENT
title_short BIG DATA IN BUSINESS ENVIRONMENT
title_sort big data in business environment
topic Big Data
business environment
analysis software
url http://economic.upit.ro/repec/pdf/2015_1_10.pdf
work_keys_str_mv AT logicabanica bigdatainbusinessenvironment
AT alinahagiu bigdatainbusinessenvironment