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25 03 2016 big data analytics business operations magic by ajay khanna mar 25 2016 channel analytics the pace that companies generate and collect data shows no signs of slowing down these.
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businesses have started adopting an optimised method for the optimal distribution of resources to carve the path of a firm s growth rather than relying on a trial and error method the best method of implementation has been incorporating techniques of big data analysis.
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big data is being used not only for scale but also due to its real time and highfrequency nature enabling real time testing of business strategies big data analytics has brought about a tremendous evolution in the way we conduct business evolving from knowing culture to the learning culture businesses are now taking objective decisions with.
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it is the raw material for meaningful information that has its place within a coherent information supply chain the use of big data analytics plays an important role figure 1 in providing insight as well as descriptive prescriptive and forecasting capabilities thereby supporting business decision making 1 2 3.
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in this paper we demonstrate how the combination of big data analytics business process work flow and smart people with the right skills can deliver sustained and measurable success this can be achieved in many different industries we take as our example the health care payments sector where nearly 3.
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