BIG DATA AND DECISION-MAKING SUPPORT

Abstract

INTRODUCTION: Nowadays, Big Data is created in previously unimaginable quantities. Newly generated data from various Internet of Things (IoT) sensors and their use have never reached their current dimensions. Along with this trend, the availability of devices capable of collecting this data increases, the time for their evaluation is reduced and the volume of data collected at the same time increases. The most important task of research and development in this area is to bring solutions suitable for processing large amounts of data because our current storage and processing capabilities are limited and unable to compete with the storage, processing and publication of the resulting data.

OBJECTIVES: Point out the importance of implementing Big Data technology.

METHODS: To achieve the goal, the following methodological approach was chosen: study and processing of foreign and domestic literature, acquaintance with similar solutions for data processing, definition of Big Data and IoT, proposal for using Big Data solution to support decision-making, risk definition and evaluation.

RESULTS: With the growing amount of disparate and incoherent data and the further growth of the Internet of Things, it is now almost impossible to evaluate all available information correctly and in a timely manner. Without this knowledge, the company loses its competitive advantage and is unable to respond in a timely manner to client requests.

CONCLUSION: Implementing a solution for processing Big Data to support decision-making in the company is a complex process. As part of the implementation and use of the Big Data solution to support decision-making, the company must be prepared for the emergence of various problems. We can assume that Big Data technology will constantly be evolving in terms of streamlining analytical tools for obtaining information from large volumes of generated data. Therefore, it is appropriate to create space for the implementation of Big Data technology.