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BIG DATA - THE MANAGEMENT REVOLUTION

Summary
The general theme of the article is to proof how data-driven decisions are better for businesses as data enables the managers to base their decision on evidence rather than intuition. The idea behind big data is to collect all kinds of data from various sources and to effectively utilize this data to improve the financial and operational aspects of the business. Companies that operate on digital platforms like Amazon are already experts at big data and are using the predictions based on data in a deft manner. The practice of big data should not be confined to companies that operate digitally but should be implied by other businesses as well, as big data is a revolutionary practice that provides data in larger volumes with higher velocity with which data is complied and entailed and the variety in which data is available.

Furthermore, modifying a company to be data-driven is not only technologically challenging but poses a copious amount of managerial challenges as well. The decision is usually based on the senior manager who has to know how to answer questions and how to embrace evidence based decision. For a company to re-organize itself to become data-driven, the manager should concentrate on improvising five areas that include, leadership, talent management, technology, decision making and company culture.

The author cities instances of big data using examples of airports where PASSUR Aerospace provided a service called RightETA to predict the factual ETA of flights by collecting large data about the various ETAs of flights. Another example is that of Sears where they use Hadoop cluster to collect data. This signifies Big data is a fundamental transformation of economy, no sphere of business activity will be left untouched by this process.

Research question
The idea behind the article is to encourage

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