Implementation of the Big Data concept in organizations - possibilities, impediments and challenges

Abstract

This paper is devoted to the analysis of the Big Data phenomenon. It is composed of seven parts. In the first, the growing role of data and information and their rapid increase in the new socio-economical reality, are discussed. Next, the notion of Big Data is defined and the main sources of growth of data are characterized. In the following part of the paper the most significant possibilities linked with Big Data are presented and discussed. The next part is devoted to the characterization of tools, techniques and the most useful data in the context of Big Data initiatives. In the following part of the paper the success factors of Big Data initiatives are analyzed, followed by an analysis of the most important problems and challenges connected with Big Data. In the final part of the paper, the most significant conclusions and suggestions are offered.

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