FUTURE TRENDS OF BUSINESS INTELLIGENCE AND BIG DATA ANALYTICS IN UBIQUITOUS ENVIRONMENT

Fecha de publicación: 11/09/2020
Fuente: Wipo "BigData"
6. ABSTRACT:In this era of electronic and digital devices, most people are using Big Data, ML, AI and such without really understanding what goes on to provide those services. Data is at the very center of any application and the sheer volumes of data generated, the variety of sources and formats, the need to manage, clean, extract, load, transform, prepare and draw meaningful inferences for business purposes and making decisions is being used extremely widely. And this spawning of data, means the projects involve Big Data and that technology has to evolve and changes to manage it. This also indirectly implies the need for Big data tools. The relationships are symbiotic and spur growth in each other's needs. Since data is an asset people trained on handling the large amounts of data performing analytics on it and providing the right gainful assets for business decisions are also fast being considered invaluable assets. Data is growing and will continue to be used even in the smallest of devices and applications creating a demand of personnel to handle Big Data. As headways in the field of Data Analytics are being made, the procedure is getting computerized. Machines are dissecting huge lumps of information in a computerized procedure. With an ever increasing number of brilliant machines entering our day by day lives, an ever increasing number of information is getting made each hour. This information can be utilized and broke down for understanding client conduct or foreseeing future patterns. With the assistance of machines, information experts are thinking that it's conceivable to comprehend the information in a faster and simpler way. Business intelligence and analytics has emerged as an important area to generate new applications by decision makers thereby assessing the impact of data-related issues in business enterprises. This is a rapid multibillion-dollar across the globe opportunity and is expanding rapidly. Research on Business Intelligence provides an umbrella activity to identify the applications in upcoming research areas of Business Intelligence and Analytics. The current research framework revolves around different areas of analytics and Big Data. Big data is rising up out of the domain of coincidental ventures to standard business appropriation; any way the genuine estimation of huge information isn't in the mind-boggling size of it, yet more in its successful use. We will likely acquire knowledge from voluminous information, with billions of approximately organized bytes of information originating from various channels spread crosswise over various areas, which should be handled until the needle in the bundle is found. It can be functional to diverse domains such as improving the Safety, Security, privacy preservation, Intellectual property rights, cyber law, Optimizing Business Processes, improving Health sector, Optimizing Villages, Cities and habitats which build on their existing strengths and tangible benefits as well as on developing new avenues, where conventional and new networks and services are improved by means of electronics, telecommunication technologies, and smart devices for the better use of processed information, Optimizing Machine and Device Performance, improving E-Governance, Financial forecasting, Stock market prediction, fraud detection, E-Business and Market Intelligence, improving Research in Science and Technology