• Title/Summary/Keyword: Big data analytics

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Big Data Analytics Case Study from the Marketing Perspective : Emphasis on Banking Industry (마케팅 관점으로 본 빅 데이터 분석 사례연구 : 은행업을 중심으로)

  • Park, Sung Soo;Lee, Kun Chang
    • Journal of Information Technology Services
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    • v.17 no.2
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    • pp.207-218
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    • 2018
  • Recently, it becomes a big trend in the banking industry to apply a big data analytics technique to extract essential knowledge from their customer database. Such a trend is based on the capability to analyze the big data with powerful analytics software and recognize the value of big data analysis results. However, there exits still a need for more systematic theory and mechanism about how to adopt a big data analytics approach in the banking industry. Especially, there is no study proposing a practical case study in which big data analytics is successfully accomplished from the marketing perspective. Therefore, this study aims to analyze a target marketing case in the banking industry from the view of big data analytics. Target database is a big data in which about 3.5 million customers and their transaction records have been stored for 3 years. Practical implications are derived from the marketing perspective. We address detailed processes and related field test results. It proved critical for the big data analysts to consider a sense of Veracity and Value, in addition to traditional Big Data's 3V (Volume, Velocity, and Variety), so that more significant business meanings may be extracted from the big data results.

The Adoption of Big Data to Achieve Firm Performance of Global Logistic Companies in Thailand

  • KITCHAROEN, Krisana
    • Journal of Distribution Science
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    • v.21 no.1
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    • pp.53-63
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    • 2023
  • Purpose: Big Data analytics (BDA) has been recognized to improve firm performance because it can efficiently manage and process large-scale, wide variety, and complex data structures. This study examines the determinants of Big Data analytics adoption toward marketing and financial performance of global logistic companies in Thailand. The research framework is adopted from the technology-organization-environment (TOE) model, including technological factors (relative advantages), organizational factors (technological infrastructure and absorptive capability), environmental factors (industry competition and government support), Big Data analytics adoption, marketing performance, and financial performance. Research design, data, and methodology: A quantitative method is applied by distributing the survey to 450 employees at the manager's level and above. The sampling methods include judgmental, stratified random, and convenience sampling. The data were analyzed by Confirmatory Factor Analysis (CFA) and Structural Equation Model (SEM). Results: The results showed that all factors significantly influence Big Data analytics adoption, except technological infrastructure. In addition, Big Data analytics adoption significantly influences marketing and financial performance. Conversely, marketing performance has no significant influence on financial performance. Conclusions: The findings of this study can contribute to the strategic improvement of firm performance through Big Data analytics adoption in the logistics, distribution, and supply chain industries.

Influence of Big Data Analytics Capability on Innovation and Performance in the Hotel Industry in Malaysia

  • Muhamad Luqman, KHALIL;Norzalita Abd, AZIZ
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.109-121
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    • 2023
  • This study aims to address the literature gap by examining the direct relationship between big data analytics capability, marketing innovation, and organizational innovations. Additionally, this study would examine big data analytics capability as the antecedent for both innovation types and how these relationships influence firm performance. The research model is developed based on the integration of resource-based view and knowledge-based view theories. The quantitative method is used as the research methodology for this study. Based on a purposive sampling method, a total of 115 questionnaires were obtained from managers in star-rated hotels located in Malaysia. Partial least square structural equation modeling (PLS-SEM) is utilized for the data analysis. The result shows that big data analytics capability positively affects marketing and organizational innovations. The findings show that big data analytics capability and organizational innovation positively influence firm performance. Nonetheless, the result revealed that marketing innovation is not positively related to firm performance. The findings also indicate to hotel managers the importance of big data analytic capability and the resources required to build and develop this capability. The contributions from this study enrich the literature on big data and innovation, which is particularly limited in the hospitality and tourism context.

The Impact of Business Intelligence on the Relationship Between Big Data Analytics and Financial Performance: An Empirical Study in Egypt

  • Mostafa Zaki, HUSSEIN;Samhi Abdelaty, DIFALLA;Hussein Abdelaal, SALEM
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.15-27
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    • 2023
  • The purpose of this research is to investigate the impact of Business Intelligence (BI) on the relation between Big Data Analytics (BDA) and Financial Performance (FP), at the beginning we reviewed the academic accounting and finance literature to develop the theoretical framework of business intelligence, big data and financial performance in terms of definition, motivations and theories, then we conduct an empirical analysis based on questionnaire-base survey data collected. The researchers identified the study population in the joint-stock companies listed on the Egyptian Stock Exchange and operating in the sectors and activities related to modern technologies in information systems, big data analytics, and business intelligence, in addition to the auditing offices that review the financial reports of these companies, and The sector closest to the research objective is the communications, media, and information technology sector, where the survey list was distributed among the sample companies with (15) lists for each company, and (15) lists for each audit office, so that the total sample becomes (120) individuals (with a response rate 83.3%), The results show, First, Big data analytics significantly affect organizations' financial performance, second, Business intelligence mediates (partial) the relationship between big data analytics and financial performance.

Developing a Big Data Analytics Platform Architecture for Smart Factory (스마트공장을 위한 빅데이터 애널리틱스 플랫폼 아키텍쳐 개발)

  • Shin, Seung-Jun;Woo, Jungyub;Seo, Wonchul
    • Journal of Korea Multimedia Society
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    • v.19 no.8
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    • pp.1516-1529
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    • 2016
  • While global manufacturing is becoming more competitive due to variety of customer demand, increase in production cost and uncertainty in resource availability, the future ability of manufacturing industries depends upon the implementation of Smart Factory. With the convergence of new information and communication technology, Smart Factory enables manufacturers to respond quickly to customer demand and minimize resource usage while maximizing productivity performance. This paper presents the development of a big data analytics platform architecture for Smart Factory. As this platform represents a conceptual software structure needed to implement data-driven decision-making mechanism in shop floors, it enables the creation and use of diagnosis, prediction and optimization models through the use of data analytics and big data. The completion of implementing the platform will help manufacturers: 1) acquire an advanced technology towards manufacturing intelligence, 2) implement a cost-effective analytics environment through the use of standardized data interfaces and open-source solutions, 3) obtain a technical reference for time-efficiently implementing an analytics modeling environment, and 4) eventually improve productivity performance in manufacturing systems. This paper also presents a technical architecture for big data infrastructure, which we are implementing, and a case study to demonstrate energy-predictive analytics in a machine tool system.

A Business Application of the Business Intelligence and the Big Data Analytics (비즈니스 인텔리전스와 빅데이터 분석의 비즈니스 응용)

  • Lee, Ki-Kwang;Kim, Tae-Hwan
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.4
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    • pp.84-90
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    • 2019
  • Lately, there have been tremendous shifts in the business technology landscape. Advances in cloud technology and mobile applications have enabled businesses and IT users to interact in entirely new ways. One of the most rapidly growing technologies in this sphere is business intelligence, and associated concepts such as big data and data mining. BI is the collection of systems and products that have been implemented in various business practices, but not the information derived from the systems and products. On the other hand, big data has come to mean various things to different people. When comparing big data vs business intelligence, some people use the term big data when referring to the size of data, while others use the term in reference to specific approaches to analytics. As the volume of data grows, businesses will also ask more questions to better understand the data analytics process. As a result, the analysis team will have to keep up with the rising demands on the infrastructure that supports analytics applications brought by these additional requirements. It's also a good way to ascertain if we have built a valuable analysis system. Thus, Business Intelligence and Big Data technology can be adapted to the business' changing requirements, if they prove to be highly valuable to business environment.

Facilitating Conditions in Adopting Big Data Analytics at Medical Aid Organizations in South Africa

  • VELA, Junior Vela;SUBRAMANIAM, Prabhakar Rontala;OFUSORI, Lizzy Oluwatoyin
    • The Journal of Industrial Distribution & Business
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    • v.13 no.11
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    • pp.1-10
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    • 2022
  • Purpose: This study measures the influence of facilitating conditions on employees' attitudes towards the adoption of big data analytics by selected medical aid organizations in Durban. In the health care sector, there are various sources of big data such as patients' medical records, medical examination results, and pharmacy prescriptions. Several organizations take the benefits of big data to improve their performance and productivity. Research design, data, and methodology: A survey research strategy was conducted on some selected medical aid organizations. A non-probability sampling and the purposive sampling technique were adopted in this study. The collected data was analysed using version 23 of Statistical Package for Social Science (SPSS) Results: the results show that the "facilitating conditions" have a positive influence on employees' attitudes in the adoption of big data analytics Conclusions: The findings of this study provide empirical and scientific contributions of the facilitating conditions issues regarding employee attitudes toward big data analytics adoption. The findings of this study will add to the body of knowledge in this field and raise awareness, which will spur further research, particularly in developing countries.

An Empirical Study on the Effects of Source Data Quality on the Usefulness and Utilization of Big Data Analytics Results (원천 데이터 품질이 빅데이터 분석결과의 유용성과 활용도에 미치는 영향)

  • Park, Sohyun;Lee, Kukhie;Lee, Ayeon
    • Journal of Information Technology Applications and Management
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    • v.24 no.4
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    • pp.197-214
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    • 2017
  • This study sheds light on the source data quality in big data systems. Previous studies about big data success have called for future research and further examination of the quality factors and the importance of source data. This study extracted the quality factors of source data from the user's viewpoint and empirically tested the effects of source data quality on the usefulness and utilization of big data analytics results. Based on the previous researches and focus group evaluation, four quality factors have been established such as accuracy, completeness, timeliness and consistency. After setting up 11 hypotheses on how the quality of the source data contributes to the usefulness, utilization, and ongoing use of the big data analytics results, e-mail survey was conducted at a level of independent department using big data in domestic firms. The results of the hypothetical review identified the characteristics and impact of the source data quality in the big data systems and drew some meaningful findings about big data characteristics.

Integration of Cloud and Big Data Analytics for Future Smart Cities

  • Kang, Jungho;Park, Jong Hyuk
    • Journal of Information Processing Systems
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    • v.15 no.6
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    • pp.1259-1264
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    • 2019
  • Nowadays, cloud computing and big data analytics are at the center of many industries' concerns to take advantage of the potential benefits of building future smart cities. The integration of cloud computing and big data analytics is the main reason for massive adoption in many organizations, avoiding the potential complexities of on-premise big data systems. With these two technologies, the manufacturing industry, healthcare system, education, academe, etc. are developing rapidly, and they will offer various benefits to expand their domains. In this issue, we present a summary of 18 high-quality accepted articles following a rigorous review process in the field of cloud computing and big data analytics.

Big Data in Smart Tourism: A Perspective Article

  • Park, Sangwon
    • Journal of Smart Tourism
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    • v.1 no.3
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    • pp.3-5
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    • 2021
  • The advancement of Information Communication Technology has provided tourism researchers with a golden opportunity to access big data, which plays a critical role in smart tourism. Recognizing the current issue, this paper discusses the evolution of the literature on tourism big data focusing on conceptual understanding of and types of big data, and insights from big data analytics. Indeed, this article provides important research agenda for future tourism researchers who would like to conduct academic research about big data and smart tourism.