Big Data Technology and its Importance for Decision-Making in Enterprises
Big Data Technology and its Importance for Decision-Making in Enterprises
Author(s): Milan Kubina, Gabriel KomanSubject(s): Business Economy / Management, Methodology and research technology, ICT Information and Communications Technologies
Published by: Žilinská univerzita v Žilině
Keywords: big data; technology; management; decision-making;
Summary/Abstract: Rapid development in the field of information-communication technologies, which has been recorded in recent years, caused the increase from 40 to 50% in the volume of data in companies last year. At present enterprises are able to use only a quarter of the data available. It is expected that by 2020, the volume of data will have reached 35 zettabytes [1]. By analyzing large amounts of data, it is possible to get the information important for an enterprise which will facilitate decision-making process of managers. Technology for large volume data called Big Data is nowadays largely employed for effective use of data.
Journal: Komunikácie - vedecké listy Žilinskej univerzity v Žiline
- Issue Year: 18/2016
- Issue No: 4
- Page Range: 129-133
- Page Count: 5
- Language: English