Visit http://www.ibm.com/analytics/us/en/what-issmarter- analytics/big-data-analysis.html. Read the section “Gain actionable insights from big data analysis,” and watch the video “See how analytics can help organizations in all industries use big data to achieve significant outcomes” under Case Studies to answer the following questions:
a. Explain big data and its importance in decision making with examples.
b. Appraise the maxim “without analytics, big data is just noise.”
c. In which sectors and areas might big data analytics be most useful? Give examples.
d. What are the suggested solutions to managing risks?
e. Review and analyze a case study from IBM’s Web site and explain how big data analytics provided solutions.