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Global Economy
Global Economy – Final Research Paper
Akash Gundlapalli
ITS 832 – M20
InfoTech in a Global Economy
04/17/2022
University of The Cumberlands
BlockChain
Blockchain technology is a digital ledger of transactions distributed across a network of computer systems that records information to make it difficult or impossible to
change, hack, or cheat the system (Allayannis & Jones, 2017). Blockchain is a revolutionary technology as it helps reduce risk and prevent fraud while ensuring transparency in a scalable way for its users. Blockchain can either be private or public. A public blockchain has no permissions with no single entity controlling the network. Thus, anyone can join the network and perform activities such as reading, writing, or participating. Upon validation on the blockchain, data cannot be modified or altered; hence it is secure. A sig-
nificant benefit of a public blockchain is its decentralized nature. No single entity controls the network, and any entity can participate within the blockchain. A challenge in the pub- lic blockchain is that it can process a few transactions per second. A private blockchain has permissions and is based on access controls, thus restricting participation within the blockchain. The network is controlled by an entity (s), and only parties participating in a transaction will have knowledge about it. A significant benefit of a private blockchain is its scalability. Integrity is a major challenge in private blockchain as records validity solely depends on the credibility of authorized nodes. Being centralized, a private blockchain is more prone to hacks and data manipulation, thus putting the entire network at risk. Blockchain is an especially promising and revolutionary technology because it helps reduce risk, stamps out fraud, and brings transparency in a scalable way for myriad uses. The major key advantages of blockchain include; high security, decentralized system, and au- tomation capability.
Blockchain and Global Economy
Businesses and organizations have traditional ways and practices in how they operate. Such practices have been in place for over a long period of time, only with minor ad-
justments to make them more effective. The existing conditions and prevailing circumstances play a key role in crafting these practices and ways of operations. With blockchain technologies, a wave is sweeping across all industries totally, disrupting the traditional ways and practices of businesses. In this paper, the researcher submits that just as experts have predicted, blockchain has the potential to cause a paradigm shift in the global economy. 1. Banking and finance. The financial industry demands security and efficiency,
which are major selling points. Blockchain has greatly changed how general business practices have been done in the financial sector in the following ways (Sam, 2019). 2.
International payments - sending money across different financial systems requires high levels of security. Blockchain has a tamper-proof secure, and efficient log for international transfers. 3. Capital markets. Through blockchain technologies, capital markets can experience faster clearing and settlement, consolidated audit trail, and operations im-
provement. With blockchain, entities can swap transactions through distributed ledger network, making settlement an instant process. 4. Trade finance. Traditionally, trade
finance processes have been slowly making liquidity hard to manage. Blockchain allows entities to transact with each other more easily beyond regional or geographical bound- aries. 5. Insurance. Smart contracts have greatly led to a paradigm shift in how the insurance business is conducted by allowing customers and insurers to manage claims in a
secure and transparent manner. With all claims and contracts recorded in the blockchain, the network validates and removes invalid claims as the blockchain would reject multiple claims to the same insured occurrence. 6. Money laundering protection. Encryption, a key feature in blockchain technologies, helps in combating money laundering practices
as it empowers records keeping which helps customer verification through 'know your customer (KYC) processes. 7. Business operations. Blockchain has led to a paradigm
shift in how different business operations have been conducted traditionally. Blockchain has been used in the following business operations; supply chain management, health- care, media, and energy. 8. Government. The government and regulatory authorities have also adopted blockchain in streamlining services delivery and monitoring (Ameep,
2020). 9. Records management. Governments, both at the national and state levels, are custodians of individual information, including birth and death dates, marital status,
residence, and property transfers. With blockchain, these records can be stored in electronic form, making the data more secure and easily accessible. 10. Identify management. With the integration of enough identity information into blockchain technology, proving identity would require bare minimum information then all related data concerning
the specific identity is retrieved.
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11. Compliance and regulatory oversight. Companies always have hard times and could use blockchain technologies to make records available to regulators in real-time as
per compliance requirements. This allows early identification of inconsistencies in addition to saving time.
Big Data
Big Data is a term that describes extremely large volumes of data sets structured, semi-structured, and unstructured, which, when analyzed, can reveal relationships and as-
sociations, thus leading to more informed decisions making within organizations (Magoulas, 2009). Analysis of big data is key to retrieving its importance of it. Therefore, for any organization upon mining big data, deliberate efforts should be made to analyze the data. Big data is important in helping organizations make more informed and hastened by giv- ing valuable insights. From the big data analysis, companies can improve their products and understand customers' preferences, thus getting connected more with their target market. The main sources of big data are social, machines, and transactions (Magoulas, 2009). Organizations will collect users' information on social media platforms
such as YouTube, Snapchat, Facebook, Twitter, and Instagram. Data is also collected from websites depending on the frequency of access. Banks who are custodians of big data collect it from customers as they transact using banking platforms. Use of Big Data in the Airline Industry
The airline industry has access to large volumes of big data. This will be in different velocities defined by the source. Understanding this big data creates an advantage over com- petitors, thus making the industry a key consumer of the data mining process. With multiple operators such as customer service, luggage handling, flight schedule, and overall business operations management running simultaneously, the industry has enough sources to mine data. Different systems, including Frequent Flyer Programs (FFP) and Central Reservation Systems (CRS), therefore collect and store large volumes of data. By leveraging this information, airlines enhance customer knowledge which can enable them to im- prove customer experience and, in return, increase revenues by the use of predictive modeling. Airline-based products such as Online Analytical Processing (OLAP) from Oracle Inc. and dimensions models use data analysis to provide industry-specific metrics which can be leveraged to improve business processes, thus increasing revenues in a descriptive modeling approach. Oracle Airline Data Model (OADM) is a framework by Oracle Inc. that offers "a single scalable repository for transactional and historical data that can be used to provide real-time business intelligence and strategic insights" (Oracle Data Sheet, 2011, p. 1). Big Data and Global Economy
Big data will eventually grow bigger than what it is now. Decisions are data-driven, and the more data accessible, the better decisions are made. Businesses and organizations
will invest even more in big data so as to get more insights into their customers for informed decisions. Governments will invest in data to understand their population and plan and predict future trends. From big data, research institutions are able to get breakthroughs on long-standing issues, which means its importance will only grow. The US military has invested in big data to understand different world phenomena, most recently the history and behavior of unidentified flying objects (UFO). Big data will not lose its popularity as much of emerging technologies such as blockchain, machine learning, and the Internet of Things all revolve around big data. Big Data analytics is the process of combing through and examining extremely large sets of data which are structured, semi-structured, and unstructured, by use of advanced analytics techniques to try and unearth informa-
tion such as hidden patterns and correlations (Phillip, 2011). While big data is considered an advancement, it places a demand on organization and data management technology. Such demands include; 1. Data should be from multiple and diverse sources 2. Data involved is extremely in large volumes 3. Advanced analytics techniques and tools need
to be used to uncover correlations. 4. Data should be real-time and of quality to facilitate insights. 5. Data should be readily accessible for analysis. Big data plays a key
role in the global economy. Nearly every industry contributing to the economy relies on big data for decision-making and processes improvement. Any industry will therefore be impacted, thus affecting the global economy as a result of the following. 1. Inaccessibility of the data. One should ensure they are able to access and analyze the data they are
targeting. 2. It is being unable to mine enough data to warrant a big data analytics tag. Big data analytics involves very large volumes of data that an organization might not
be able to mine. 3. Getting meaningful and quality data. Being structured or unstructured, getting meaningful and real-time quality data poses a challenge to big data analyt-
ics implementation.
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4. Lack of support, tools, and techniques. Big data analytics requires advanced tools and techniques to analyze. The lack of these tools will hinder its implementation. Support
from top management is also key in implementing big data analytics in an organization. 5. Unable to get data from multiple sources. A key feature of big data is that data is
sourced from multiple places. Being unable to access these sources will pose z challenge in implementing big data analytics.
Government and Policies
Each government has an active role to play in its country's economy. This role cumulatively leads to the role of various governments in the global economy. While some govern- ments tend to exercise complete control over their country's economic affairs, others attempt to have no involvement in economic affairs. Those seeking complete control aim at accomplishing social or political goals. Staying away is from the belief that economies work best when unregulated. The role of government in the global economy lies between these two extremes. In the global space, most government operates on capitalist ideologies. The people believe that the economy should be shaped by the competing interests of individual businesses and consumers rather than by government decrees and plans. The government's role in the global economy can therefore be broken into two sets of func- tions (Chu, 2016). These functions are undertaken through the enacting and implementation of policies. These policies are constantly reviewed to ensure continued alignment to
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economic needs, thus facilitating the achievement of the function's intended objectives. This, therefore, means while some policies are phased out after some time or upon expira- tion of their mandate, other policies need to be put in place to ensure continuity or address a forecasted economic situation. These roles are; 1. Promoting economic stability and growth. 2. Regulation & control of the Economy. Promoting economic stability
The government puts in place measures and enacts policies that work towards ensuring economic stability. Economic stability is the absence of excessive fluctuations in the macroeconomy. It implies that any small shifts in the forces of supply and demand, major components of the economy do not have adverse impacts on the macroeconomy. By promoting economic stability, the government seeks to avoid economic and financial crises, neutralizing large swings in economic activity, preventing high inflation, and avoiding advance volatility of foreign exchange and financial markets. Policies aimed and promoting economic stability include; 1. Macroeconomy stability policies - these policies seek to commit towards low inflation, thus preventing devaluation of the currency and discouraging foreign investment. They include; 2. Effective monetary policy – allow central bank flexibility in controlling inflation. 3. Disciplined fiscal policy – control budget deficits. Putting in place policies to constantly evaluate inflation and recommend remedial measures are key. While a country might experience economic growth, a lack of lid on inflation may lead to an economy 'overheating'. 1. Less Restrictive Regulation and Tackle Corruption. Over restrictive regulations, corruption, and the high cost of doing business have greatly affected most developing countries. These issues continuously struggle with the economy making it difficult to grow. It is therefore important to implement policies to ensure ease of doing business which stimulates economic growth (Chu, 2016). Additionally, policies to fight corruption have been enacted, such as banning from doing business with the government, heavy fines, and jail terms have worked towards deterring this vice. Going to
the future, policies around regulations such as protection of the environment should not be discarded in efforts to attract inward investment. Otherwise, economic growth
may come at the expense of sustainable development.
Regulation and control of the economy
Economic regulations are rules that limit who can enter a business and what prices they may charge. Regulating an economy leads to investments that create jobs, improve work- er health and thus productivity, and spur important technological innovations. Regulatory policy is designed to achieve efficiency and equity, which requires the government to in- tervene, for example, to maintain competitive trade practices (an efficiency goal) and to protect vulnerable parties in economic transactions (an equity goal). Some policies under the regulatory policy which promote the government function of regulation and control of the economy include; 1. Anti-corruption and integrity in the public sector policy
2. Budgeting and public expenditures policy
3. Gender mainstreaming, governance, and leadership policy
4. Illicit trade policy
5. Open government policy
Conclusion
Blockchain technology is more and more being integrated into business practices. As it evolves, this technology can greatly improve processes and practices effectively when
adopted in businesses and organizations.
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Blockchain goes a long way in promoting data security and transparency, enabling effective learning & development, and cutting operational costs in the human resource
business function. Big data analytics is a key driver of the global economy. Through data analysis, businesses can easily forecast consumers' needs and prepare to ensure uninter- rupted supply. Big data analytics in manufacturing the internet of things (IoT) has played a big role in stimulating the manufacturing sector in addition to enabling businesses to address foreseeable shortcomings in their production line. Data mining and its related technologies such as big data analytics, machine learning, textual data analysis, and knowl- edge base management are key drivers of decision-making across all industries. To remain competitive or to gain a competitive advantage, it is necessary for an organization to collect and make use of data as many of the other determinants of business performance are identical across different industries. The US government began regulating busi-
nesses in the late 1800s in order to eliminate monopolies. The government now regulates a wide array of business practices, including the elimination of competition and
fraudulent product offerings. This regulation comes mostly in the form of laws and government oversight agencies. Some laws that prevent unfair trade practices include the Sher- man Antitrust Act and the Clayton Antitrust Act, which were created during the Progressive Era.
References · Allayannis, G. & Jones, P. T. (2017). An Introduction to Blockchain. Charlottesville, VA: University of Virginian Darden Business Publishing. · Bharat C. & V
S Prakash A. (2011). Role of Blockchain in HR's Response to New-normal. International Journal of Organizational Analysis. · Chu M. (2016) Regulatory Policy. In:
Farazmand A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_2562-1 ·
Gunther D. & Neon S. (July, 2017). Use Cases for Blockchain Technology in Energy & Commodity Trading. PricewaterhouseCoopers. https://www.pwc.com/gx/en/indus-
tries/assets/blockchain-technology-in-energy.pdf · http://www.oracle.com/us/products/database/airline-data-model-ds-1419516.pdf · Magoulas R. & Lorica B. (2009).
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Source Matches (52)
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Introduction to Big Data (Release 2.0). Sebastopol CA: O'Reilly Media. · Oracle Data Sheet. (2011). Oracle Airline Data Model. Retrieved May 2, 2012 from · Phillip, Russom (2011). Big Data Analytics. The Data Warehousing Institute Press.3
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Global Economy – Final Research Paper
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Final Research Paper
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University of The Cumberlands
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University of the Cumberlands
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Blockchain technology is a digital ledger of transactions distributed across a network of computer systems that records in- formation to make it difficult or impossible to change, hack, or cheat the system (Allayannis & Jones, 2017). Blockchain is a revolutionary technology as it helps reduce risk and prevent fraud while ensuring transparency in a scalable way for its users. Blockchain can either be private or public. A public blockchain has no permissions with no single entity controlling the network.
Original source
Blockchain technology is a digital ledger of transactions distributed across a network of computer systems which records information in a way that makes it difficult or impossible to change, hack or cheat the system (Allayannis & Jones, 2017) Blockchain is a revolutionary technology as it helps reduce risk, prevent frauds while ensuring transparency in a scalable way for its users Blockchain can either be private or public A public blockchain has no permissions with no single entity controlling the network thus anyone can join the network and perform activities such as reading, writing or participate
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Student paper
Thus, anyone can join the network and perform activities such as reading, writing, or participating. Upon validation on the blockchain, data cannot be modified or altered;
Original source
A public blockchain has no permissions with no single entity controlling the network thus anyone can join the network and perform activities such as reading, writing or participate Upon validation on the blockchain, data cannot be modified or al- tered hence its secure
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Student paper
A significant benefit of a public blockchain is its decentralized nature. No single entity controls the network, and any entity can participate within the blockchain. A challenge in the public blockchain is that it can process a few transactions per sec- ond. A private blockchain has permissions and is based on access controls, thus restricting participation within the blockchain.
Original source
A major benefit of public blockchain is its decentralized nature No single entity which controls the network, and any entity can participate within the blockchain A challenge in public blockchain is that it can only process few transactions per sec- ond A private blockchain has permissions and is based on access controls thus restricting participation within the blockchain
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The network is controlled by an entity (s), and only parties participating in a transaction will have knowledge about it. A significant benefit of a private blockchain is its scalability. Integrity is a major challenge in private blockchain as records va- lidity solely depends on the credibility of authorized nodes. Being centralized, a private blockchain is more prone to hacks and data manipulation, thus putting the entire network at risk.
Original source
The network is controlled by entity (s) and only parties participating in a transaction will have knowledge about it A major benefit of private blockchain is its scalability Integrity is a major challenge in private blockchain as records validity solely depends on the credibility of authorized nodes Being centralized, private blockchain is more prone to hacks and data ma- nipulation thus putting entire network at risk
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Blockchain is an especially promising and revolutionary technology because it helps reduce risk, stamps out fraud, and brings transparency in a scalable way for myriad uses. The major key advantages of blockchain include;
Original source
Blockchain is an especially promising and revolutionary technology because it helps reduce risk, stamps out fraud and brings transparency in a scalable way for myriad uses Major key advantages of blockchain are as below
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Blockchain and Global Economy
Original source
Blockchain has revolutionary effects on the global economy
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Businesses and organizations have traditional ways and practices in how they operate. Such practices have been in place for over a long period of time, only with minor adjustments to make them more effective. The existing conditions and pre- vailing circumstances play a key role in crafting these practices and ways of operations. With blockchain technologies, a wave is sweeping across all industries totally, disrupting the traditional ways and practices of businesses.
Original source
Businesses and organizations have traditional ways and practices on how they operate Such practices have been in place for over a long period of time, only with minor adjustments to make them more effective The existing conditions and pre- vailing circumstances play key role in crafting these practices and ways of operations With blockchain technologies, a wave is sweeping across all industries in totally, disrupting the traditional ways and practices for businesses
2
Student paper
In this paper, the researcher submits that just as experts have predicted, blockchain has the potential to cause a paradigm shift in the global economy.
Original source
In this paper, the researcher submits that just as experts have predicted, blockchain have potential to cause paradigm shift in general business practices
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Student paper
Banking and finance. The financial industry demands security and efficiency, which are major selling points. Blockchain has greatly changed how general business practices have been done in the financial sector in the following ways (Sam, 2019).
Original source
Banking and finance The financial industry demands security and efficiency which are major selling points Blockchain has greatly changed how general business practices have been done in the financial sector in the following ways (Sam, 2019)
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International payments - sending money across different financial systems requires high levels of security. Blockchain has a tamper-proof secure, and efficient log for international transfers.
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International payments - sending money across different financial systems requires high levels of security Blockchain has a tamper proof secure and efficient log for international transfers
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Through blockchain technologies, capital markets can experience faster clearing and settlement, consolidated audit trail, and operations improvement. With blockchain, entities can swap transactions through distributed ledger network, making settlement an instant process.
Original source
Through blockchain technologies, capital markets can experience faster clearing and settlement, consolidated audit trail and operations improvement With blockchain, entities can swap transactions through distributed ledger network making settlement an instant process
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Traditionally, trade finance processes have been slowly making liquidity hard to manage. Blockchain allows entities to transact with each other more easily beyond regional or geographical boundaries.
Original source
Traditionally, trade finance processes have been slow making liquidity hard to manage Blockchain allows entities to trans- act with each other more easily beyond regional or geographical boundaries
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Smart contracts have greatly led to a paradigm shift in how the insurance business is conducted by allowing customers and insurers to manage claims in a secure and transparent manner. With all claims and contracts recorded in the blockchain, the network validates and removes invalid claims as the blockchain would reject multiple claims to the same insured occurrence.
Original source
Smart contracts have greatly led to paradigm shift on how insurance business is conducted by allowing customers and in- surers to manage claims in a secure and transparent manner With all claims and contracts recorded in the blockchain, the network validates and removes invalid claims as blockchain would reject multiple claims to the same insured occurrence
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Money laundering protection. Encryption, a key feature in blockchain technologies, helps in combating money laundering practices as it empowers records keeping which helps customer verification through 'know your customer (KYC) processes.
Original source
Money laundering protection Encryption, a key feature in blockchain technologies helps in combating money laundering practices as it empowers records keeping which helps customers verification through ‘know your customer’ (KYC) processes
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Blockchain has led to a paradigm shift in how different business operations have been conducted traditionally.
Original source
Blockchain has led to paradigm shift on how different business operations have been conducted traditionally
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The government and regulatory authorities have also adopted blockchain in streamlining services delivery and monitoring (Ameep, 2020).
Original source
The government and regulatory authorities have also adopted blockchain in streamlining services delivery and monitoring (Ameep, 2020)
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Governments, both at the national and state levels, are custodians of individual information, including birth and death dates, marital status, residence, and property transfers. With blockchain, these records can be stored in electronic form, making the data more secure and easily accessible.
Original source
Governments both at national and state levels are custodians of individual’s information including birth and death dates, marital status, residence and property transfers With blockchain, the records can be stored in electronic form, making the data more secure and easily accessible
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Student paper
With the integration of enough identity information into blockchain technology, proving identity would require bare mini- mum information then all related data concerning the specific identity is retrieved.
Original source
With integration of enough identity information into blockchain technology, proving identity would require bare minimum information then all related data concerning the specific identity is retrieved
2
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Compliance and regulatory oversight. Companies always have hard times and could use blockchain technologies to make records available to regulators in real-time as per compliance requirements. This allows early identification of inconsisten- cies in addition to saving time.
Original source
Compliance and regulatory oversight Companies always have hard times could use blockchain technologies to make records available to regulators in real-time as per compliance requirements This allows early identification of inconsisten- cies in addition to saving time
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Student paper
Big Data is a term that describes extremely large volumes of data sets structured, semi-structured, and unstructured, which, when analyzed, can reveal relationships and associations, thus leading to more informed decisions making within organizations (Magoulas, 2009). Analysis of big data is key to retrieving its importance of it. Therefore, for any organization upon mining big data, deliberate efforts should be made to analyze the data. Big data is important in helping organiza- tions make more informed and hastened by giving valuable insights.
Original source
Big Data is a term which describes extremely large volumes of data sets structured, semi-structured and unstructured which when analyzed can reveal relationships and associations thus leading to more informed decisions making within or- ganizations (Magoulas, 2009) Analysis of big data as key to retrieve the importance of it Therefore any organization upon mining big data deliberate efforts should be made to analyze the data Big data is important in helping organizations make more informed and hastened by giving valuable insights
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Student paper
From the big data analysis, companies can improve their products and understand customers'
Original source
From big data analysis, companies can improve on their products, understand customers preferences thus get connected more with their target market
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The main sources of big data are social, machines, and transactions (Magoulas, 2009).
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The main sources of big data are social, machines and transactions (Magoulas, 2009)
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information on social media platforms such as YouTube, Snapchat, Facebook, Twitter, and Instagram. Data is also collect- ed from websites depending on the frequency of access. Banks who are custodians of big data collect it from customers as they transact using banking platforms.
Original source
Organizations will collect users information in social media platforms such as YouTube, Snapchat, Facebook, Twitter and Instagram Data is also collected from websites depending on frequency of access Banks who are custodians of big data collect it from customers as they transact using banking platforms
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Use of Big Data in the Airline Industry
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Data warehousing in the Airline Industry
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Big data will eventually grow bigger than what it is now. Decisions are data-driven, and the more data accessible, the bet- ter decisions are made. Businesses and organizations will invest even more in big data so as to get more insights into their customers for informed decisions. Governments will invest in data to understand their population and plan and predict future trends.
Original source
Big data will eventually grow bigger than what it is now Decisions are data driven and the more data accessible the better decisions are made Businesses and organizations will invest even more on big data so as to get more insights on their customers for informed decisions Governments will invest in data to understand it’s population, plan and predict future trends
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From big data, research institutions are able to get breakthroughs on long-standing issues, which means its importance will only grow. The US military has invested in big data to understand different world phenomena, most recently the histo- ry and behavior of unidentified flying objects (UFO). Big data will not lose its popularity as much of emerging technologies such as blockchain, machine learning, and the Internet of Things all revolve around big data. Big Data analytics is the process of combing through and examining extremely large sets of data which are structured, semi-structured, and un- structured, by use of advanced analytics techniques to try and unearth information such as hidden patterns and correla- tions (Phillip, 2011).
Original source
From big data, research institutions are able to get breakthrough on long standing issues which means its importance will only grow The US military has invested in big data to understand different world phenomenon most recently the history and behavior of unidentified flying objects (UFO) Big data will not lose its popularity as much of emerging technologies such as blockchain, machines learning and Internet of Things all revolve around big data Big Data analytics is the process of combing through and examining extremely large sets of data which are structured, semi-structured and un-structured by use of advanced analytics techniques to try and unearth information such hidden patterns and correlations (Phillip, 2011)
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Data should be from multiple and diverse sources 2. Data involved is extremely in large volumes 3. Advanced analytics techniques and tools need to be used to uncover correlations.
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Data should be from multiple and diverse sources b Data involved is extremely in large volumes c Advanced analytics techniques and tools need to be used to uncover correlations
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Data should be real-time and of quality to facilitate insights.
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Data should be real-time and of quality to facilitate insights
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Data should be readily accessible for analysis.
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Data should be readily accessible for analysis
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Inaccessibility of the data. One should ensure they are able to access and analyze the data they are targeting.
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Inaccessibility of the data One should ensure they are able to access and analyze the data they are targeting
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It is being unable to mine enough data to warrant a big data analytics tag. Big data analytics involves very large volumes of data that an organization might not be able to mine.
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Being unable to mine enough data to warrant it a big data analytics tag Big data analytics involves very large volumes of data which an organization might not be able to mine
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Getting meaningful and quality data. Being structured or unstructured, getting meaningful and real-time quality data pos- es a challenge to big data analytics implementation.
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Getting meaningful and quality data Being structured or unstructured, getting meaningful and real-time quality data pos- sess a challenge to big data analytics implementation
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Lack of support, tools, and techniques. Big data analytics requires advanced tools and techniques to analyze. The lack of these tools will hinder its implementation. Support from top management is also key in implementing big data analytics in an organization.
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Lack of support, tools and techniques Big data analytics requires advanced tools and techniques to analyze Lack of these tools will hinder its implementation Support from top management is also key in implementing big data analytics in an organization
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Unable to get data from multiple sources. A key feature of big data is that data is sourced from multiple places. Being un- able to access these sources will pose z challenge in implementing big data analytics.
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Unable to get data from multiple sources A key feature in big data is that data is sourced from multiple places Being un- able to access these sources will pose z challenge in implementing big data analytics
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economicshelp 100%
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Going to the future, policies around regulations such as protection of the environment should not be discarded in efforts to attract inward investment.
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In addition, in the effort to reduce levels of regulation, it is important that useful regulations such as protection of the en- vironment be not discarded in efforts to attract inward investment
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Otherwise, economic growth may come at the expense of sustainable development.
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Otherwise, economic growth may come at the expense of sustainable development
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Blockchain technology is more and more being integrated into business practices. As it evolves, this technology can great- ly improve processes and practices effectively when adopted in businesses and organizations. Blockchain goes a long way in promoting data security and transparency, enabling effective learning & development, and cutting operational costs in the human resource business function.
Original source
Blockchain technology is more and more being integrated into business practices As it evolves, this technology can greatly improve on processes and practices effectively when adopted in businesses and organizations Blockchain go a long way in promoting data security, transparency, enabling effective learning & development and cutting operational costs in the hu- man resource business function
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The US government began regulating businesses in the late 1800s in order to eliminate monopolies.
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which the national government began regulating in the late 1800s in order to eliminate
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The government now regulates a wide array of business practices, including the elimination of competition and fraudulent product offerings.
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Government now regulates a wide array of business practices, including the elimination of competition and fraudulent product offerings
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An Introduction to Blockchain.
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An Introduction to Blockchain
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University of Virginian Darden Business Publishing.
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University of Virginian Darden Business Publishing
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& V S Prakash A.
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& V S Prakash A
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Role of Blockchain in HR's Response to New-normal. International Journal of Organizational Analysis.
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Role of Blockchain in HR’s Response to New-normal International Journal of Organizational Analysis
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(2016) Regulatory Policy.
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Non-Regulatory Policy
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(eds) Global Encyclopedia of Public Administration, Public Policy, and Governance.
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Global Encyclopedia of Public Administration, Public Policy, and Governance, 1–8
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https://doi.org/10.1007/978-3-319-31816-5_2562-1 · Gunther D.
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https://doi.org/10.1007/978-3-319-31816-5_1319-1
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Use Cases for Blockchain Technology in Energy & Commodity Trading.
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Use Cases for Blockchain Technology in Energy & Commodity Trading
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https://www.pwc.com/gx/en/industries/assets/blockchain-technology-in-energy.pdf · http://www.oracle.com/us/products/database/airline-data-model-ds-1419516.pdf · Magoulas R.
Original source
https://www.pwc.com/gx/en/industries/assets/blockchain-technology-in-energy.pdf
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Introduction to Big Data (Release 2.0).
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Introduction to Big Data (Release 2.0)
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Big Data Analytics. The Data Warehousing Institute Press.
Original source
Big Data Analytics The Data Warehousing Institute Press