SOLUTION: Cumberland University Big Data Analytics Discussion

Attached. Please let me know if you have any questions or need revisions.1AnalyticsStudent’s nameInstructor’s nameCourseDate2Part 1. DiscussionOne-way big data has been used to solve common business problems is to make a businesssense of data that have not been used. Organizations today are coming up with ways ofunderstanding unused data in their organizations, and they are utilizing such information to makevaluable business decisions. The analytical solutions come in where it is making this unusedbusiness data useful for the organization, and employees at all levels of the business are utilizingthis data to meet the goals and objectives of the company. The ability to search and get data is themost important thing, which makes the business realize the power of big data.The other problem solved by big data is minimizing misleading ways of revenue reportingmodels and forecast. Businesses develop models that suggest how revenue will be for the nextcouple of months or years. Sometimes, these models do not reflect the business’s true picture andthe truth bis that revenues can either be high or low, far from what the models show (Hoskins,2014). In that effect, data analytics solve this problem by giving the right account of revenues andgi…

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