In traditional frameworks, Big Data is referred to as unruly data as it is hard to organize large volumes. Dr. Demirhan Yenigan, Big Data Expert and Professor of Analytics at GWU, shares his views on how to tame unruly data. New tools are leveraged to capture, mine, and perform statistical analysis on large volumes of unruly data for generating a worthy output.
Big Data spans a wealth of information, but it doesn’t come with the wisdom businesses need for decision-making. Analytics are used to tease the wisdom out of Big Data? Dr. Demirhan Yenigan, Big Data Expert and Professor of Analytics at GWU talks about the different layers and types of analytic methods for analyzing Big Data. He discusses traditional aspects of measuring factual information or descriptive analytics and Predictive/Prescriptive analytics methods that are more sophisticated involving stochastic optimization and reporting.
When you talk about analytics, understanding the characteristics of Big Data is important. According to Dr. Demirhan Yenigan, Big Data Expert and Professor of Analytics at GWU, Big Data is collected from various sources and the potential of this large collection of unstructured data is unprecedented. It is important to pool it methodically to perceive wisdom out of it.
Dr. Demirhan Yenigan, Big Data Expert and Professor of Analytics at GWU, share his views on how Companies can leverage Big Data as part of their success strategy. Big Data Analytics helps businesses stay competitive in the current marketplace. Analytics aptitude of companies is significant as it helps in making strategic decisions out of Big Data.
Dr. Demirhan Yenigan, Big Data Expert and Professor of Analytics at GWU, talks about how can small companies get started on Big Data. Any company jumping in to the Big Data arena the Executive team of the organization should have a mission to make their organization data centric or data driven as strategies are developed. It is all about creating a culture for making data driven decisions that needs to be endorsed by the top management. Website analytics can kick start this process by tracking and generating analytics reports.
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