Abstract
Nowadays Decision is a matter of information (related to the data), knowledge (related to people & processes) and timing (capacity to decide, act and react in the right timing). The huge increase of the data volume, velocity but also format (unstructured data like: blogs, logs, video…) generated by the “digitalization” of our world modifies radically our relationship to the space (in motion) and time (all the time) dimension and by capillarity, the enterprise vision of the performances monitoring and optimization. This paper introduces via three use cases, how the closed loop between Big Data & Smart Data embedded into the business processes can help the enterprises facing this new challenge.
Access provided by Autonomous University of Puebla. Download to read the full chapter text
Chapter PDF
Similar content being viewed by others
Keywords
References
Warden, P.: Big Data Glossary, Editions O’Relly
Smolan, R., Erwitt, J.: The Human Face Of Big Data
Business Intelligence for the Enterprise, Mike Biere, Edition IBM presse
Big Data: A Revolution That Will Transform How We Live, Work, and Think; Viktor Mayer-Schonberger and Kenneth Niel Cukier, Hmhbooks (2013)
Learning From Data by Yaser S. Abu-Mostafa, Malik Magdon-Ismail and Hsuan-Tien Lin, AMI Books (2012)
Yield et Revenue Management, Jean-Paul Sinsou, Edition ITA presse
Cross, R.G.: Yield Management. Broadway Books (1997)
Talluri, A.T., Ryzin, G.J.: The Theory and Practice of Revenue Management. International Series in Operations Research & Management Science. Springer (2005)
Hackathorn, R.: The BI Watch: real-Time to Real-Value. DM Review 14(1) (January 2004)
Grundstein, M., Rosenthal-Sabroux, C., Pachulski, A.: Reinforcing Decision Aid by Capitalizing on Company’s Knowledge: Future Prospects. In: EJOR 2002 (2002) (to appear)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2014 Springer International Publishing Switzerland
About this paper
Cite this paper
Iafrate, F. (2014). A Journey from Big Data to Smart Data. In: Benghozi, P., Krob, D., Lonjon, A., Panetto, H. (eds) Digital Enterprise Design & Management. Advances in Intelligent Systems and Computing, vol 261. Springer, Cham. https://doi.org/10.1007/978-3-319-04313-5_3
Download citation
DOI: https://doi.org/10.1007/978-3-319-04313-5_3
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-04312-8
Online ISBN: 978-3-319-04313-5
eBook Packages: EngineeringEngineering (R0)