Communications - Scientific Letters of the University of Zilina 2016, 18(4):129-133 | DOI: 10.26552/com.C.2016.4.129-133

Big Data Technology and its Importance for Decision-Making in Enterprises

Milan Kubina1, Gabriel Koman1
1 Department of Management Theories, Faculty of Management Science and Informatics, University of Zilina, Slovakia

Rapid development in the field of information-communication technologies, which has been recorded in recent years, caused the increase from 40 to 50% in the volume of data in companies last year. At present enterprises are able to use only a quarter of the data available. It is expected that by 2020, the volume of data will have reached 35 zettabytes [1]. By analyzing large amounts of data, it is possible to get the information important for an enterprise which will facilitate decision-making process of managers. Technology for large volume data called Big Data is nowadays largely employed for effective use of data.

Keywords: big data; technology; management; decision-making

Published: November 30, 2016  Show citation

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Kubina, M., & Koman, G. (2016). Big Data Technology and its Importance for Decision-Making in Enterprises. Communications - Scientific Letters of the University of Zilina, 18(4), 129-133. doi: 10.26552/com.C.2016.4.129-133
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