Senior management has asked you to research a Big Data topic. They would like yo

Question

Senior management has asked you to research a Big Data topic. They would like you to choose the one option described below. You should write this as a case in which you present the business problem that needs to be addressed, then you present at least two Big Data solutions for solving the business problem, and conclude with which one you would recommend and why. Topics to research, along with questions to consider include:

Option 1 - Data Analytics use in various industries – (industries could include weather, sports, social media, marketing, financial, politics, farming, medicine, or any other industry that you find interesting to explore.) This analysis should include the following.

a. A summary of how data analytics is being used within the industry selected.

b. Who, within the industry, is using data analytics?

c. What opportunities does data analytics provide that was previous unavailable?

d. What threats does using data analytics present?

e. What skills are necessary for individuals to enter to the field of data analytics within the given industry?

f. To what extent should your company begin utilizing data analytics (this is where multiple options should come into play).

(at least 3 pages)

Explanation / Answer

We are considering the healthcare industry here as there is immense amount of data in this industry which is mostly driven by record keeping, compliance and its over sensitive as it about someone's health and hence too much regulatory requirements.Previously and even now most of the data is hard copy but no we are moving toward digitization and need to improve quality of healthcare as well as reducing the cost because keeping hardware data and that to secure comes with lost of cost and efforts and if any analysis is required then all together another fight.Healthcare data is so huge that its very difficult to manage the traditional way and even its diversity is quite a lot.And data analytics is used to reduce administrative cost as in traditional way you need human resources to manage it. And when lets say reading information and do some analysis it would be much helpful if done via electronic boards which help them to see what's patient history and what all has been already tried, allergies to the patient.It also helps in cutting down frauds and abuse as well it provides better coordination as there are too many departments in a hospital and all needs to well connected.

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