Advantages and disadvantages of big data

Blog#10 Advantages and disadvantages of big data


Although big data has been widely used today, the tool still has some shortcomings and inconveniences. This article discusses the pros and cons of big data. First, the author mentions advantages, including cost savings, time reduction, better sales insights, controlling online reputation, fraud detection and so on. I am surprised that big data has fraud detection capabilities. In fact, I learned "fraud detection" in the e-commerce course. Before reading this article, I think big data analysis is a tool for collecting data and providing information to enterprises or companies. Now, I realize that one of the advantages of analysis systems that rely on machine learning is that they are excellent at detecting patterns. This feature allows banks and credit card companies to find cards that have been stolen or fraudulent purchases even before the cardholder becomes aware of the incident. This saves consumers from worrying about credit theft. Second, the disadvantage in this article indicates the need for talented, related mistakes, costs, and as well security, privacy issues are some inconveniences of Big data analysis. I believe that if there are pros and cons of big data, there will definitely be disadvantages and vice versa. Obviously, you can see that some disadvantages are also advantages. For example, as I mentioned above, if you are looking for fraud attempts, your privacy and personal information will be collected into the company so that the company can easily track criminals. However, I still think that benefits can make up for the shortcomings, so big data analysis is an effective tool for people.

Comments

  1. Gary LaiJune 19, 2020 at 2:16 AM

    The article is talking about the pros and cons of using big data, These days every enterprise makes use of big data. Big data analytics offers a veritable gold mine of potential benefits, but it also poses significant challenges that could offset any potential gains.The vast majority of companies say that the benefits of big data are substantial. In the NewVantage Partners survey, 73.2 percent of executives said that they had seen measurable business results from their efforts. In addition, "Those executives who responded 'no' believe that it is too early to tell what impact these investments will have on their firm." On the other side of the equation, many companies have also reported significant challenges when implementing big data analytics initiatives.

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