Big Data - A Revolutionary "Space" that Changes the Way Business is Done

Nicodim Liliana (), Niţu Claudiu Valentin () and Croitoru Gabriel ()
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Nicodim Liliana: "Ovidius" University of Constanta
Niţu Claudiu Valentin: „Dimitrie Cantemir†University
Croitoru Gabriel: “Valahia†University of Targoviste

Ovidius University Annals, Economic Sciences Series, 2017, vol. XVII, issue 1, 351-355

Abstract: In the context of more and more digitized information flows and a growing amount of data,almost every action we perform is recorded. Especially, organizations register each activity what ishappening within them, mostly on electronic support. The "explosion" of the data volume neededby a company and the ones it has access to, requires a permanent adaptation of the enterprise tothe environment in which it operates. Starting from the principle of changing the way companies dobusiness, Big Data has developed. Since the collection of data expressed as a result of business activity is not a major issue, thechallenge arises when it comes to analyzing, storing, transferring, querying and securinginformation-bearing data. Companies continuously seek to find software products that allow themto analyze these data and help in obtaining relevant information in decision-making.

Keywords: Big Data; Predictive Analytics; Cognitive Computing (search for similar items in EconPapers)
JEL-codes: M1 (search for similar items in EconPapers)
Date: 2017
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