Benefits and challenges of Big Data For Business And Customers

Big data is providing access to the data that are available. Due to expansion of big data into the platforms of business intelligence, the professionals can expand analytics. The use of information technology can reduce the healthcare cost while it improves the quality of the services (Mahajan, Gaba and Chauhan 2016). Lowering the cost as well as enabling the efficiencies is considered as critical goals of the healthcare service provider. Another benefit of the big data is that it optimizes clinical trials by preventing errors, reduction of cost and making sure for pliance. The data points are presented into analytic as well as reporting virtualizations that help the service provider to improve and develop their service quality (Ammu and Irfanuddin 2013). With use of the big data, the organization analyzes the root causes of both failures as well as issues in the real time. It also personalizes the experience of the customers and the risks are quickly identified. In some of the business organization, big data plays a significant role in security. The big data analytics are used in some areas of cyber security such as it allows the business to start play an offense against the attackers (Jakobik 2016). In this way, they can prevent the vulnerabilities. New and advanced technologies are increasing the use of big data in current era. The business organization is using of big data for purpose of business intelligence, predictive analytics as well as data mining tasks.    While the benefits of the big data are real, there are also some technical challenges of big data. One of the challenges is that there is difficulty in generating right metadata so that it can describe the data, how it is verified and measured. There is lack of coordination among the database systems (Michael and Miller 2013). The system can host of data and give query for the SQL. For large decades, management of large and high volume of big data b es a challenge. Large time is required to analyze the data set. However, there are some cases when the data required analyzing immediately, therefore that time it b es a problem. The biggest challenge of big data is privacy issues (Ammu and Irfanuddin 2013). The data which are stored within the database system are not handled properly and sometimes, they are accessed by any third party person. Therefore, the data are shared with an unauthorized person.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Ammu, N. and Irfanuddin, M., 2013. Big Data Challenges.  International Journal of Advanced Trends in puter Science and Engineering,  2(1), pp.613-615. Jakà ³bik, A., 2016. Big Data Security. In  Resource Management for Big Data Platforms  (pp. 241-261). Springer International Publishing. Mahajan, P., Gaba, G. and Chauhan, N.S., 2016. Big Data Security.  IITM Journal of Management and IT,  7(1), pp.89-94. Michael, K. and Miller, K.W., 2013. Big data: New opportunities and new challenges [guest editors' introduction]. puter,  46(6), pp.22-24.

Comparison history paper Essay Example | Topics and Well Written Essays - 1250 words

Comparison history paper - Essay Example This was the indication of the unique forms of continuity in space. It makes part of the sculptures that Boccioni made during the 1913 era of art. It is a form of the moving beings without bipedal structures like the arms (Boccioni, paragraph 4). The continuity here is represented in that the sculpture was in a movement position where all the indicators in it showed the walking athlete while the figure lacked the arms. This showed determination in walking into the future. The sculpture was an indication of a futuristic muscular ma with a lot of determination to pursue into the dreams of the future world. The movements as depicted in the sculpture are very swift and enthusiastic to meet the future. The face of the sculpture was made in a symbol of a cross which was an indication that there was a foreseen futurist warlord in the times to come. The futuristic representation by the artifacts was a mode of revealing to the world and the Italian culture the possibilities of the wars in future cultural settings. The wing-like arms seem to be in the position of the arms on the figure which was an indication of the unfinished part of the sculpture as it is revealed that Boccioni was not intending to reveal anything of educational value to the societies of the world. It is shown that the two figures that he made in the futuristic unique forms of continuity, in space, together or rather combined with their immediate environments. This can only show that the immediate environments are depicted in the figure, and this was an archeological evidence of the surrounding environments where the figure was sculpted (Boccioni, paragraph 5). The configuration of the figure indicates some swift sharp corners in the panels in its knees, thighs, and chest and head carving, which were the parameters to involve the air movement past the standing statues. It is clear that the air or

Critically evaluates the process of global harmonisation of financial Essay

Critically evaluates the process of global harmonisation of financial reporting - Essay Example The information furnished by financial statements are aimed at different stakeholders like shareholders, management, regulatory bodies, suppliers, creditors, lenders, competitors, researchers, and the society at large. The International Financial Reporting Standards (also known as IFRS) was conceptualised and developed by the International Accounting Standards Board (IASB) in 2001. After one year of inception of IASB, the member states of European Union (EU) committed to adapt IFRS standards for all listed corporations under their jurisdiction. Such regulatory enforcements were due to come into effect from 2005. In 2003, the first IFRS was officially issued and by this time almost 19 countries were required to comply with global reporting standards. Nearly 70 countries have since then mandated IFRS for listed companies and further 23 countries have either allowed listed companies to voluntarily adopt IFRS or have mandated IFRS in listed entities (Ramanna and Sletten, 2009, pp.1-5). In the year 1985, Piper and Samuels, defined ‘harmonisation’ as the process of bringing the current international accounting standards into some sort of agreement so that the financial statements of different entities from different nations are prepared as per a common set of principles of disclosures and measurements (Samuels and Piper, 1985). Harmonisation of financial reporting would increase the level of agreement related to presentation of information disclosure in practicing accounting standards between countries. The process of harmonisation will ensure development of a single global community irrespective of the diversity of stakeholders. The process will increase awareness among investors in capital markets and also develop a sense of responsibility in publicly traded firms regarding appropriate financial disclosures (Roberts et al., 1998). Harmonisation of financial reporting will facilitate undisputed international transactions by minimising exchange