IJMTES – ROLE OF DATA ANALYTICS IN DECISION MAKING

Journal Title : International Journal of Modern Trends in Engineering and Science

Author’s Name : Mintu Movi  unnamed

Volume 03 Issue 09 2016

ISSN no:  2348-3121

Page no: 76-81

Abstract – In a modern economy, all businesses organizations increasingly trying to know more about their customers, suppliers, and operations by using millions of integrated data. This development raises the question of how companies manage to cope with these increasing amounts of data, referred to as Big Data. In this paper I try to find out how a large data set can be scrutinized and converted into useful insights by applying different data analysis processes. Also try to prospects how these insights will be relevant for the decision making system. To achieve the business success the company’s true profit has to increase. Here I present a real time example to shows how the profit can achieve by a particular business firm through data analysis. 

Keywords— data analysis; decision making

Reference

  1. Goil S.,Choudhary. A parallel scalable infrastructure for OLAP and data mining, 1999.
  2. Boon Keong Seah , Selan, N.E. Design and implementation of data warehouse with data model using survey-based services data, 2014.
  3. Abdullah M.F., Ahmad K.Business intelligence model for unstructured data management, 2015.
  4. Koppen V.,Winsemann T.,Saake G., An analytical model for data persistence in Business Data Warehouses, 2015.