Big Data Analytics: A Review of Its Transformative Role in Modern Business Intelligence

Abstract

In the dynamic landscape of modern business intelligence, Big Data Analytics has emerged as a transformative force, reshaping the way organizations derive insights from vast and diverse datasets. This paper provides a concise overview of the key themes explored in the comprehensive review of Big Data Analytics and its impact on modern business intelligence. Big Data Analytics represents a paradigm shift in decision-making processes, offering organizations the capability to harness the full potential of their data assets. The review delves into the multifaceted role of Big Data Analytics, emphasizing its significance in strategic planning, risk management, operational optimization, and customer-centric initiatives. Strategic planning takes a quantum leap forward as organizations leverage predictive analytics to anticipate market trends. The integration of analytics-derived insights aligns decision-making with overarching organizational objectives, driving a more informed and forward-thinking approach to strategic initiatives. Risk management becomes more proactive with the integration of Big Data Analytics, particularly in fraud detection and prevention. The ability to process large volumes of data in real-time enhances vigilance, mitigating financial risks associated with fraudulent activities cenario modeling further empowers organizations to assess and address potential risks before they materialize. Operational optimization becomes a focal point as analytics uncovers inefficiencies in manufacturing processes, supply chains, and retail operations. Real-time decision-making in retail, enabled by data analytics, ensures agility and responsiveness to changing market dynamics and customer preferences. Customer-centric initiatives are elevated through personalized marketing campaigns and predictive analytics in customer support. The review explores how Big Data Analytics enables organizations to craft personalized experiences, enhancing customer satisfaction and loyalty. The study encapsulates the transformative journey of Big Data Analytics in modern business intelligence, emphasizing its role in navigating strategic complexities, mitigating risks, optimizing operations, and placing the customer at the center of decision-making processes. The comprehensive review provides insights for organizations seeking to harness the transformative potential of Big Data Analytics in the data-driven era.
 Keywords: Big Data, Business Intelligence, Data Analytics, Modern Business, Review.

Big Data's Future Potential as an Innovation in Competitive Advantage and Decision-Making Techniques

“…The first finding of this research shows that big data has great capabilities as an innovation in organisational decision-making strategies which is in line with previous research (Binsaeed et al, 2023;Capurro et al, 2022;Chioma Ann Udeh et al, 2024;Cui et al, 2022;Shahid & Sheikh, 2021;Yoshikuni et al, 2023). By collecting, storing and analysing large and diverse amounts of data, big data enables organisations to generate deep insights into various aspects of their operations and business environment.…”