Are you ready for the Big Data Coursework Example | Topics and Well Written Essays - 750 words

Are you ready for the Big Data - Coursework ExampleThe competitor company had utilize this ability to carry out myriad of experiments in the real world giving it a rivalrous advantage. The main point the authors put crossways is that big data collection is the game changer in the 21st century somatic world. Big data has the potential to revolutionalize the management practices. The authors pose a quarrel to the companies to decide whether they are ready to exploit the potential of big data and to manage the threats it could pose effectively. The ataraxis of the article explores the important ways in which big data could transform the competition in the corporate world, alter the corporate ecosystems and improve innovation. One of the major elements of organization development is effective communication across all organizational sectors and also extending to external stakeholders such as the suppliers. This article lays emphasis on the immenseness of sharing data across the dif ferent lines of business such as finance, management, production and sales and marketing. It pass on calls for integration of the organizations data system with suppliers, data systems in order to accrue benefits such as blink stock replenishment and real-time price adjustment. It argues that the tendency of many companies to accumulate huge volumes of data in their silos and other forms of information hoarding impedes timely exploitation of this data. This is not in line with essentials for organization development. Organizations want to open these data enclaves and integrate data from various systems.