The Expansion of Big Data Analytics
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Expansion of Big Data Analytics
Description/Paper Instructions
Big Data Analytics refers to the process of examining large and complex data sets to uncover hidden patterns, unknown correlations, market trends, customer preferences and other useful business insights. The rise of big data has revolutionized the way organizations operate and make decisions, leading to increased efficiency and effectiveness.
The growth of big data has been driven by advancements in technology and the increasing use of digital devices. The widespread use of smartphones, social media, cloud computing, and the Internet of Things (IoT) has resulted in an exponential growth of data, creating new opportunities and challenges for organizations.
One of the primary drivers of big data analytics has been the rapid expansion of cloud computing. The cloud has made it possible for organizations to store, process, and analyze vast amounts of data at a fraction of the cost of traditional IT infrastructure. This has enabled companies to access data from various sources, including social media, customer transactions, and machine-generated data, and analyze it in real-time to make informed business decisions.
Another factor contributing to the growth of big data analytics is the increasing availability of advanced analytics tools. These tools allow organizations to process and analyze big data in a matter of minutes, providing them with real-time insights into their business operations. Advanced analytics tools such as machine learning, artificial intelligence, and predictive analytics have become essential tools for organizations seeking to gain a competitive edge in the market.
The use of big data analytics is not limited to any specific industry or sector. In healthcare, for example, big data analytics is being used to improve patient outcomes and reduce costs. By analyzing patient data from various sources, healthcare providers can identify trends and patterns that can help predict patient outcomes and make informed decisions about patient care.
In the retail industry, big data analytics is being used to better understand customer behavior and preferences. Retailers are using data from customer transactions, social media, and other sources to gain insights into buying patterns, product preferences, and customer sentiment. This information is then used to optimize pricing strategies, improve product offerings, and enhance customer experience.
In the financial services sector, big data analytics is being used to detect and prevent fraudulent activities, manage risk, and improve decision-making. By analyzing large amounts of data from multiple sources, financial institutions can identify unusual patterns of behavior that may indicate fraudulent activities. Additionally, big data analytics is being used to manage risk by providing financial institutions with a more comprehensive view of the market and customer behavior.
Despite its many benefits, the use of big data analytics is not without challenges. One of the biggest challenges is the need to maintain data privacy and security. As organizations collect and store increasing amounts of sensitive information, it is essential to ensure that the data is protected from cyber-attacks and unauthorized access.
Another challenge is the need for skilled personnel to manage and analyze big data. The use of big data analytics requires specialized skills in areas such as data science, machine learning, and programming. Organizations need to invest in training and development programs to ensure that they have the necessary skills and expertise to effectively use big data analytics.
In conclusion, the expansion of big data analytics has had a profound impact on organizations across industries. By providing organizations with the ability to collect, process, and analyze vast amounts of data, big data analytics has enabled them to make more informed decisions, improve operational efficiency, and gain a competitive advantage in the market. However, organizations must also overcome the challenges posed by big data, including data privacy and security, and the need for skilled personnel, to fully realize the benefits of big data analytics.
The Expansion of Big Data Analytics
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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