Professor: Sharon Rose
February 3, 2015
THE IMPORTANCE OF DATA ANALYTICS
The increasing volume, variety, and rapidity of information that is being generated today can present businesses with many significant issues. However, this excess of information can also be a great benefit to companies that choose to take advantage of it. Influential big data and analytics solutions are currently being used to analyze the outbreak of information and fundamentally change the way that companies manage their everyday operations.
The reward to be gained from big data and analytics are substantial. Businesses that are forcefully pursuing analytics and information strategies are differentiating themselves from their competition. However, a lot of companies that neglect to implement big data and analytics are under pressure to maintain market share.
Insights gained from big data and analytics enable companies such as IBM Business Analytics to know the most profitable customers and continuously serve them better. Organizations with big data and analytics implementations are outperforming their competitors by discovering fresh income opportunities, driving product innovation, and identifying patterns to decrease fraud.
Businesses need to invest into abstract descriptions of their system because certain qualities do not just arise when you put one functional component next to the other. Architecture tries to accomplish sustainability, performance, reliability, scalability, which are many of the things businesses do not get right the first time they are you designed. According to author Turban, Enterprise architecture for IT is the fundamental underlying design of the IT components of the business, the relationships amongst them and the manner in which they support the organisation’s objectives (Efraim Turban, 2013).
Enterprise architecture is a standard part of standardization of technology. Standardized technology decreases complexity and offers benefits such as cost savings through economy of scale, greater support options, ease of integration, improved efficiency, and simplicity of future control. Enterprise architecture impacts the effectiveness of the business by managing the needs of the big picture. Being able to quickly analyze the impact of proposed changes and prioritizing projects. Being able to quickly analyze will help drive the most value for the business. Enterprise architecture also aligns with it investment with business goals. Effective enterprise architecture supports strategy, analysis, and planning, doing such provides stakeholders a blueprint of the current state of the business and IT landscape as well as the desired future state.
Enterprise architecture improves the business efficiency by planning, executing on changes faster and with better insight. Enterprise architecture improves the business efficiency by creating a blueprint as a roadmap for exploiting IT architectural building blocks and achieving business formation. Business can obtain improved compliance and more predictable project outcomes. As a result businesses return with improved integrity and agility.
Reduced storage requirements compared to other indexing techniques. Bitmap indexing provides dramatic performance gains even on hardware with a relatively small number of CPUs or a little amount of memory. Bitmap indexing provides: Reduced response time for large classes of ad hoc queries (Davis, 2007). Database tables and indexes may be stored on disk in numerous of forms, including ordered or unordered flat files, B+ trees, heap files, hash buckets,