StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The Big Data Challenges - Case Study Example

Cite this document
Summary
Big data refers to a voluminous amount of structured and unstructured data sets gathered over a time, this data is usually difficult to analyze because of its large size (Minelli, Chambers & Dhiraj, 2013).Therefore, some corporations like Volvo utilize an established data base…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
The Big Data Challenges
Read Text Preview

Extract of sample "The Big Data Challenges"

The Big Data Challenges Lecturer: The Big Data Challenges Introduction Big data refers to a voluminous amount of structured andunstructured data sets gathered over a time, this data is usually difficult to analyze because of its large size (Minelli, Chambers & Dhiraj, 2013).Therefore, some corporations like Volvo utilize an established data base to overcome the challenges of executing big data (Minelli, Chambers & Dhiraj, 2013). Therefore, this case study will provide a sharp insight of Volvo Corporation by focusing on the following areas:1.

How Volvo Car Corporation integrated the cloud infrastructure into its networks? The company integrates cloud infrastructure into its network by establishing a central platform referred to as data ware house that helps integrate data from different sources such as; customers and dealers to name just but a few (Strader, 2011). The CIO chair at Volvo asserted that, through the establishment of a central platform, the company can be able to prevent potential losses and inherent risk that might occur in the future (Strader, 2011). 2. How Volvo Car Corporation transforms data into knowledge?

The corporation captures data from vehicles sold to their customers through sensors and central processing units installed during car manufacturing (Strader, 2011). The data captured is then used to make necessary improvements on the model vehicles being manufactured (Verganti, 2009).This improvement has not only helped to meet customer satisfactions but also has helped to prevent mechanical problems that might occur in the future (Strader, 2011).3. Identify the real-time information systems implemented and evaluate the impact of these implementations.

Real time information systems are computer responsive systems that help to detect and give out responses after updating the computer master files with the detected information (Chaki, Nabendu & Cortesi, 2011). For instance, Volvo Corporation installed their vehicles with numerous sensors and central processing units in order to detect information about the performance of the vehicles when the vehicle is in the hands of a customer (Strader, 2011). Whereby, any impending mechanical problems or threat detected is sent back to Volvo Corporation and necessary improvements are made thereafter (Chaki, Nabendu & Cortesi, 2011).

In above connection, the implementation of real time information system has enabled the corporation to make continuous quality improvements on the quality of vehicles manufactured (Strader, 2011). This in turn has increased customer satisfactions by responding accordingly to customers needs through utilization of real time information (Chaki, Nabendu & Cortesi, 2011). 4. Argue how the Big Data strategy gives Volvo Car Corporation a competitive advantage. The company utilizes big data strategy to identify any potential flows that may occur in the future and provide a remedy to the problem before it happens (Strader, 2011).

This has provided Volvo Corporation with an opportunity to meet and exceed their customer’s anticipation much better than any other corporation in the automobile industry (Strader, 2011). Additionally, Volvo Corporation has obtained a competitive advantage by utilizing big data strategy to carry out safety improvements (Strader, 2011).Whereby, the corporation has installed their vehicles with airbags that helps to reduce the severity of an accident (Verganti, 2009). The above safety improvement has enabled the company to maintain an outstanding safety record in the automobile industry unlike any other corporation (Strader, 2011).

Conclusion Therefore, based on the above case study it can be scrutinized how Volvo Corporation has integrate the cloud infrastructure into its networks as well how the company convert big data into knowledge. Additionally, the case study has provided the way in which real time may be implemented as well as its impact. Conclusively, the case study has explained the way in which big data strategy provide Volvo Corporation a competitive advantage. ReferencesChaki, Nabendu, & Cortesi, Agostino. (2011).

Computer Information Systems: Analysis and Technologies: 10th International Conference, Cisim 2011, Held in Kolkata, India, December 14-16, 2011. Proceedings. Springer-Verlag New York Inc.Minelli, M., Chambers, M., & Dhiraj, A. (2013). Big data, big analytics: Emerging business intelligence and analytic trends for todays businesses.Strader, R. (2011) “Global intelligence for the CIO: Converting data into business value at Volvo” Volvo corporation. Retrieved :< http://www.icio.com/__data/assets/pdf_ file/0004/8833/i-cio_Case_Study_Volvo.

pdf>on 24th January 2013.Verganti, R. (2009). Design-driven innovation: Changing the rules of competition by radically innovating what things mean. Boston, Mass: Harvard Business Press.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Big Data Challenges Case Study Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/information-technology/1613423-the-big-data-challenges
(The Big Data Challenges Case Study Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/information-technology/1613423-the-big-data-challenges.
“The Big Data Challenges Case Study Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/information-technology/1613423-the-big-data-challenges.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Big Data Challenges

Big Data Challenged and Opportunities

The underlying purpose of this discussion is to provide the reader with a more informed understanding of some staggering revelations about big data.... It is evidently clear from the discussion that with big data, the problem of storage arises because of the fact that cloud storage has been seen vulnerable now to many security issues.... The processing power and the storage capabilities of the technology for big data should be met with to improve understanding of nature....
5 Pages (1250 words) Assignment

Business Projects Involving Big Data

In the paper “Business Projects Involving big data,” the author focuses on big data, which is one tool that business organizations need to possess for success and survival.... big data provides managers with an opportunity to measure and understand their businesses.... big data addresses speed, mobility, security, and scalability.... big data integrates elements of both structured and unstructured data....
6 Pages (1500 words) Assignment

Hardware Infrastructure in Any Big Business or Federal Organization

Determine the challenges of changing old/Obsolete Information Technology hardware infrastructure Project Objective: The project's objective involves the identification of several needs and difficulties encountered during the process of managing information and Technology infrastructure basing on several factors.... Determine the challenges of changing old/Obsolete Information Technology hardware infrastructure 2.... The paper "Hardware Infrastructure in Any big Business or Federal Organization" investigates several needs encountered during the process of managing information and Technology infrastructure basing on several factors....
6 Pages (1500 words) Research Paper

Main Features of Big Data

The research proposal "Main Features of big data" different digital sources along with processes which include sensors, systems, social media exchanges along with mobile devices.... This paper outlines big data has assisted business organizations in conducting their operations with the better engagement of customers.... hellip; Presently, multiple sources are accountable for generating big data in an immense manner in terms of volume.... In this respect, big data might be used with the intention of deriving meaningful value or understanding through effective analytical skills and processing power....
10 Pages (2500 words) Research Proposal

Big Data Challenges and Opportunities

However, it is worrying that with the huge potential for the un-extracted data that requires being The paper "big data challenges and Opportunities" is a perfect example of an annotated bibliography on information technology.... big data challenges and Opportunities.... Staggering Revelations about big data.... The growth of big data continues to amaze, when… Only 0.... Staggering Revelations about big data....
3 Pages (750 words) Case Study

Challenges Facing Foreign Students in the United Kingdom

… The paper “challenges Facing Foreign Students in the United Kingdom” is an inspiring example of a research paper on education.... The paper “challenges Facing Foreign Students in the United Kingdom” is an inspiring example of a research paper on education.... The challenges that are outlined in this report are those that have been in line with previous research on this issue.... It should be noted however that the material outlined was only used as a guideline in laying out procedural steps in the research process as well as verifying common challenges....
9 Pages (2250 words) Research Paper

The Benefits and Limitations of Big Data on Individuals and Businesses

… The paper “The Benefits and Limitations of big data on Individuals and Businesses” is an intriguing example of a term paper on information technology.... Recent studies indicate that more than 60% percent of businesses have already employed big data projects while 29% are in the process of implement the same by 2016.... The paper “The Benefits and Limitations of big data on Individuals and Businesses” is an intriguing example of a term paper on information technology....
10 Pages (2500 words) Term Paper

Big Data Management and Relevance of Big Data to E-Business

This paper "big data Management and Relevance of big data to E-Business" discusses the relevance of big data and its management in the current business world.... nbsp;In business, big data is all about delivering new insights to help decision-makers.... nbsp;… The concept of big data has been embraced as a technology, which is disruptive and will be in a position to reshape business in many ways.... big data is the volume, variety, and velocity of the prearranged and amorphous data driving through networks into storage and processor devices together with the change of such data into business advice for enterprises....
7 Pages (1750 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us