Home|Journals|Articles by Year|Audio Abstracts
 

Research Article

EEO. 2021; 20(1): 6758-6768


Big Data Business Landscape In The Age Of Infonomics

Dr. Suruchi Sharma,Dr. Namrata Prakash, Akansha Rawat.




Abstract

‘Big Data’, the most recent and crucial buzzword has convinced all economic sectors about its imminent infusion sooner or later. The big data applications have an innate capability to metamorphose the conventionally driven businesses into a rejuvenated experiential process through value creation for the organization and the end user. The disruptive technology opens up exponential opportunities for industrial players. The imbalance, of course, exists among countries at variable stages of technological adoption. This research paper aims to highlight the major benefits that the business organizations can strive to achieve by implementing adequate big data based applications. The major gains include improved understanding of customer, optimized operations, penetrative market intelligence, agility in logistics and supply chain systems, innovation governed by data, and intelligent customer recognition, guidance and retention. The challenges for these industries are also recognized. The paper analyzes major industries which have already implemented the disruptive technological solutions or are progressing towards it. The revolution has begun and every business fights its battle for survival in the technology governed era.

Key words: Big , Business , Landscape , Age , Infonomics






Full-text options


Share this Article


Online Article Submission
• ejmanager.com




ejPort - eJManager.com
Refer & Earn
JournalList
About BiblioMed
License Information
Terms & Conditions
Privacy Policy
Contact Us

The articles in Bibliomed are open access articles licensed under Creative Commons Attribution 4.0 International License (CC BY), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.