Big Data Challenged and Opportunities Assignment

Big Data Challenged and Opportunities - Assignment Example 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. With the data increasing day by day, it can be seen that people in the Information technology field are decreasing which causes an alarming situation to recruit talented people in the field. Information can be used for various positive purposes and scientific advancements can lead to the growth for a far better future. Where there are positive impacts and the world is moving towards a more digitalized form, there are drawbacks to the same thing which might lead to damage of both research and the society providing it falls into the wrong hands and is manipulated for the wrong purposes. The processing power and the storage capabilities of the technology for big data should be met with to improve understanding of nature. Big organizations have been using big data to gain advancements and lead the industry as compared to the other competitions in the industry. The aim to be the best at what they do, big data in industries is to be analyzed so that the big organizations can have an edge over all the other competitors in the same marketplace. Competition is what leads to growth and betterment. Striving for the best and maintaining the position is what keeps the companies moving forwards and progress in what they do. Analyzing big chunks of data not only gives out an upper hand as compared to the others but it also helps in making up strategies that are developed for the future working process and functioning of the organizational body. Having said that, the management system and lean management lead to the function of a more effective organizational body. It has become mandatory to develop future strategies on analytics and statistics of the company rather than by intuition.