Define business analytics and Big Data (CO2)

Determine the performance of the hospital industry.
August 29, 2019
What is Big Data and what are its salient characteristics?
August 29, 2019

Define business analytics and Big Data (CO2)

Question Description

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This discussion addresses the following module outcomes:

  • MO1: Define business analytics and Big Data (CO2)
  • MO2: State examples of how data are used in business. (CO6)

It is difficult to read any business periodical or journal without running into the term “big data.” A Google search on the term will return some 263 million results. Granted, there is a lot of hype about the topic, but its existence is real and its impacts are profound.

Two especially relevant aspects of big data impacting businesses today are predictive and prescriptive analytics, the latter being less familiar to most people.

How do prescriptive analytics impact your chosen career field? Do you think it is currently important or do you think it is yet to be widely adopted? Find, summarize, and reference a mainstream news article or research article supporting your response.