Posts

Showing posts with the label Data

Data Storage For Businesses

Image
Our data has migrated online in tandem with our work lives. Like the personal data on our own computers, the information we need to operate our companies and understand our customers is available everywhere and at any time. Remote work, collaboration among globally dispersed teams, app integration, and a more reliable backup that isn't reliant on physical storage have all been made possible by cloud data. (Fuggle, no date) What is it? Cloud data storage is a cloud computing model in which data is stored on the Internet and managed and operated by a cloud computing company. It's on-demand, with just-in-time space and prices, and it saves you money by not having to purchase and manage your own data storage infrastructure. With “anytime, anywhere” data access, you gain mobility, global scope, and durability. (What is Cloud Storage? | AWS, no date)   Some of the best companies providing data storage solutions – 1. AWS - Amazon Web Services provides businesses with a varie...

Data Governance

Image
Data Governance, more identified with the GDPR both in the world and in Ireland, is more than that. People have started having difficulties in managing even the personal data on their phone or computer. Things are get complicated when you consider the management, security, and backup of the data of all information systems such as customers, suppliers, vendors, partners, brands, products, services and assets that company employees work with. Another dimension of data has become more important as a result of the sanctions imposed with the personal data protection law and data security laws, which are enacted all over the world, including our country. With this importance, data management and data governance departments and data governance consultancy companies were established in many companies. For this reason, data management experts and data governance are needed. The lexical meaning of governance means multilateral direction and management as a business, as well as managing joi...

Business Intelligence & Data Analytics

Image
Business Intelligence  Business intelligence (BI) is a data-driven decision support system that integrates data collection, storage, and information processing with analysis to provide insights into decision-making. The concept was introduced in 1989, and many of its elements were already present in organisational information systems (Salomon & Gray, 2008). The term implies providing a detailed understanding of all the variables that impact the company. Therefore, to make efficient and high-quality strategic decisions, companies must have an in-depth awareness of variables such as clients, competitors, business partners, the economic climate, and internal processes. (Ranjan, 2005-2009) Business intelligence focuses on the study of vast amounts of information about a company and its activities. (Salomon & Gray, 2008). BI is a wide category of software and technology for collecting, delivering, and processing data to help corporate customers make smarter business decisions. (...

Big data - Velocity - Data Processing.

Image
What is Velocity?   Velocity is the rate that data is obtained; the speed at this information can be analysed and used as a consequence. (Amir Gandomi, 2015). Moreover, the widespread of IoT gadgets and the use of technology daily generate a considerable amount of data rapidly. Systems need to be capable of gathered, processed, evaluated and stored at high speeds. (AWS, 2019)    Frequently, the information generated growths on an extraordinary scale that, most of the time, needs real-time analysis. (Amir Gandomi, 2015) Besides, the businesses need to collect the data immediately to make better decisions at all levels; to reach this goal, systems need to run as efficiently as required. (AWS, 2019)      "If a company collects data that can be processed and analyse in real-time and with the use of demographics and buying behaviour.  This company will be able to show ads effectively to their target audience, creating real customer value." What is Data Proc...

Emerging Technology: Blockchain

Image
Emerging Technologies: Blockchain A blockchain is a chain of blocks that stores data progressively, and it is not possible to backdate or damage them. It is a distributed storage that every user can get a genuine copy to avoid that someone else can alter. Users with a copy of this data can add new records to it, but they cannot change what is already contained. This feature makes blockchains a fantastic asset to record information with transparency because everyone keeps an eye on it and can notice that the data is being used well. (Decuyper, 2021) A blockchain is also a trustworthy platform that supports and stores data over a network of personal computers connected; this data could be verified by every user accessing this information worldwide. The security of this system is fully guaranteed as every user can watch what is happening with the data in real-time. This mechanism is decentralised and distributed; in other words, there is no central institution or person who is the ho...

What is Big Data and How Does Big Data Work?

Image
Big Data, one of today's popular concepts, was first introduced in the field of astronomy and genetics, and with the introduction of the internet into our lives, it has gained a different dimension and has become a resource that we have a share in its growth without realizing it. Before looking at the definition of big data, we need to look at the equivalent of the data in the literature. Data refers to a general term derived from research, observations, internet, social media, and sensors. Big data; It is the form of data that is analyzed and classified, transformed into meaningful and processable form. When interactions in constantly used social media accounts, search engines and traces left behind when searched, movements made with bank accounts, blogs, mails, sensors and individual users' interactions with the internet are brought together, a huge data stack is formed. We can evaluate big data as a treasure that feeds from this stack and presents meaningful and actionab...