Advanced technologies of digitalization and automation of data processing first find their application in business. Then also in public institutions can be introduced including in the field of e-governance. This also applies to Big Data database technologies, which is applicable in various sectors of the economy, but due to the high investment costs of implementing this technology in the business processes of business entities, so far only large corporations and larger enterprises can afford such technologies. However, in the future, investment costs of implementing tech technologies into business processes should decrease and processing technologies and data collection in Big Data database systems should be available also for smaller companies, including business entities of the SME sector.
I invite you to the discussion.
As currently, some major software technologies in the mentioned field are freely available, the main cost may be influenced by the following items:
1- Hardware (usually data-center(s))
2- Specialists.
I think according to current demand and also the increasing availability of cheap and capable hardware, the SME sector will definitely play a major role in the processes that involve Big-Data analysis and synthesis in the future.
The SME sector may/should play major role in the providing of the computing/sensing pervasiveness which is the main enabler-source for future of Big-Data analysis.
My recent paper is based on Big data technology in SMEs sector. It will be published online soon as it is already accepted. Stay in touch with me, I will share it soon, the paper is very helpful in this perceptive.
Regards,
The issues of the use of information contained in Big Data database systems for the purposes of conducting Business Intelligence analyzes are described in the publications:
https://www.researchgate.net/publication/323244120_The_Big_Data_technologies_as_an_important_factor_of_electronic_data_processing_and_the_development_of_computerized_analytical_platforms_Business_Intelligence
https://www.researchgate.net/publication/327035102_The_Technological_Solutions_Big_Data_and_the_Importance_of_Business_Analysis_According_to_the_Business_Intelligence_Formula
I invite you to discussion and cooperation. Greetings
I think big data will replace the relational databases that are now widely used by businesses and organizations. We are just waiting for the development of the right tools to master them
Big companies already statred to use those technologies, such as BigTable for Google, DynamoDB for Amazon, Voldemort for LinkedIn and Cassandra for Facebook, ...
The Big Data database technology is finding more and more applications in business.
Multi-criteria processing of huge data sets collected in Big Data database systems allows preparing reports in a relatively short time according to given criteria.
The report development time depends mainly on the computing power of Big Data servers.
In processes of complex economic and financial analyzes, risk management, etc. for the purpose of determining the economic and financial situation of business entities, they are increasingly carried out in computerized analytical platforms of the Business Intelligence type.
Perhaps in the future, artificial intelligence will also be involved in this field of analytics.
In some countries, IT companies have been operating for several years, developing the Big Data database technology for commercial and business purposes.
It is only a matter of time to combine these various analytical and database technologies in computing cloud computing.
In view of the above, the current question is: In which sectors of the economy, in which types of companies and corporations will be the most dynamically developed technologies for analyzing large collections of information in Big Data database systems
Please, answer, comments. I invite you to the discussion.
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