International Journal of Electrical and Electronics Engineering Studies (IJEEES)

EA Journals

From Raw Information to Strategic Insights: A Multi-Faceted Investigation into the Challenges and Opportunities of Big Data Analytics in Contemporary Organizations

Abstract

The study commences by dissecting the raw landscape of big data, encompassing the voluminous, diverse, and dynamic nature of information streams. It examines the inherent challenges posed by the sheer magnitude and complexity of data, shedding light on issues related to data quality, integration, and governance that organizations grapple with as they navigate this expansive terrain. By delving into diverse analytical techniques and tools, the study explores how organizations extract meaningful patterns, trends, and correlations from data sets, transcending the noise to distill actionable intelligence. Through real-world case studies and empirical analyses, the paper dissects the methodologies that drive this transformation, offering insights into the evolving landscape of analytical capabilities. In tandem with the challenges, the research unfolds the myriad opportunities that big data analytics presents for contemporary organizations. It examines how analytics-driven insights empower strategic decision-making processes, enhance operational efficiencies, and provide a competitive edge in dynamic markets. The study also explores the potential for innovation and new revenue streams arising from the synthesis of raw information into strategic assets.

Keywords: Analytics-driven Decision Making, Big Data Analytics, Competitive Advantage, Data Challenges, Data Governance, Operational Efficiency, Raw Information, Strategic Insights, analytical techniques, data integration

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This work by European American Journals is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 4.0 Unported License

 

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Email ID: submission@ea-journals.org
Impact Factor: 7.04
Print ISSN: 2056-581X
Online ISSN: 2056-5828
DOI: https://doi.org/10.37745/ijeees.13

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