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

Author

Listed:
  • Nicodim Liliana

    ("Ovidius" University of Constanta)

  • NiÅ£u Claudiu Valentin

    („Dimitrie Cantemir†University)

  • Croitoru Gabriel

    (“Valahia†University of Targoviste)

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.

Suggested Citation

  • Nicodim Liliana & NiÅ£u Claudiu Valentin & Croitoru Gabriel, 2017. "Big Data - A Revolutionary "Space" that Changes the Way Business is Done," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 351-355, June.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:351-355
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    More about this item

    Keywords

    Big Data; Predictive Analytics; Cognitive Computing;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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