Search results

Big data have rapidly developed as a viable solution to many problems faced in engineering industries. Specifically, in the industry of water resource engineering, where there is a tremendous amount of data, various big data techniques could be applied to achieve innovative and efficient solutions for the industry. This study reviewed the proposal of big data as potential approaches to solve various difficulties encountered in managing water resources and related applications in Malaysia. The advantages and disadvantages of big data applications have also been discussed along with a brief literature review and some examples of case studies.

Over the past few years, assemblage theory or assemblage thinking has garnered increasing attention in educational research, but has been used only tangentially in explications of the nature of comparative and international education (CIE) as a field. This conceptual examination applies an assemblage theory lens to explore the contours of CIE as a scholarly field marked by its rich and interweaved architecture. It does so by first reviewing Deleuze and Guattari’s (1987) principles of rhizomatic structures to define the emergence of assemblages. Secondly, it transposes these principles in conceiving the field of CIE as a meta-assemblage of associated and subordinated sub-assemblages of actors driven by varied disciplinary, interdisciplinary or multidisciplinary interests. Finally, it interrogates the role of Big Data technologies in exerting (re)territorializing and deterritorializing tendencies on the (re)configuration of CIE. The chapter concludes with reiterating the variable character of CIE as a meta-assemblage and proposes ways to move this conversation forward.

Introduction: In recent years, fresh big data ideas and concepts have emerged to address the massive increase in data volumes in several commercial areas. Meanwhile, the phenomenal development of internet use and social media has not only added to the enormous volumes of data available but has also posed new hurdles to traditional data processing methods. For example, the insurance industry is known for being data-driven, as it generates massive volumes of accumulated material, both structured and unstructured, that typical data processing techniques can’t handle.

Purpose: In this study, the authors compare the benefits of big data technologies to the needs for insurance data processing and decision-making. There is also a case study evaluation concentrating on the primary use cases of big data in the insurance business.

Methodology: This chapter examines the essential big data technologies and tools from the insurance industry’s perspective. The study also included an analytical analysis that supported several gains made by insurance companies, such as more efficient processing of large, heterogeneous data sets or better decision-making support. In addition, the study examines in depth the top seven use cases of big data in insurance and justifying their use and adding value. Finally, it also reviewed contemporary big data technologies and tools, concentrating on their key concepts and recommended applications in the insurance business through examples.

Findings: The study has demonstrated the value of implementing big data technologies and tools, which enable the development of powerful new business models, allowing insurance to advance from ‘understand and protect’ to ‘predict and prevent’.

Big Data is one of the most promising area where it can be applied to make a change is health care. Healthcare analytics have the potential to reduce the treatment costs, forecast outbreaks of epidemics, avoid preventable diseases, and improve the quality of life. In general, the lifetime of human is increasing along world population, which poses new experiments to today’s treatment delivery methods. Health professionals are skillful of gathering enormous volumes of data and look for best approaches to use these numbers. Big data analytics has helped the healthcare area by providing personalized medicine and prescriptive analytics, medical risk interference and predictive analytics, computerized external and internal reporting of patient data, homogeneous medical terms and patient registries, and fragmented point solutions. The data generated level within healthcare systems is significant. This includes electronic health record data, imaging data, patient-generated data, etc. While widespread information in health care is now mostly electronic and fits under the big data as most is unstructured and difficult to use. The use of big data in health care has raised substantial ethical challenges ranging from risks for specific rights, privacy and autonomy, to transparency and trust.

Introduction: With the proliferation and amalgamation of technology and the emergence of artificial intelligence and the internet of things, society is now facing a rapid explosion in big data. However, this explosion needs to be handled with care. Ethically managing big data is of great importance. If left unmanageable, it can create a bubble of data waste and not help society achieve human well-being, sustainable economic growth, and development.

Purpose: This chapter aims to understand different perspectives of big data. One philosophy of big data is defined by its volume and versatility, with an annual increase of 40% per annum. The other view represents its capability in dealing with multiple global issues fuelling innovation. This chapter will also offer insight into various ways to deal with societal problems, provide solutions to achieve economic growth, and aid vulnerable sections via sustainable development goals (SDGs).

Methodology: This chapter attempts to lay out a review of literature related to big data. It examines the implication that the big data pool potentially influences ideas and policies to achieve SDGs. Also, different techniques associated with collecting big data and an assortment of significant data sources are analysed in the context of achieving sustainable economic development and growth.

Findings: This chapter presents a list of challenges linked with big data analytics in governance and achievement of SDG. Different ways to deal with the challenges in using big data will also be addressed.

Introduction: The Internet has tremendously transformed the computer and networking world. Information reaches our fingertips and adds data to our repository within a second. Big data was initially defined as three Vs, where data come with greater variety, increasing volumes and extra velocity. Big data is a collection of structured, unstructured and semi-structured data gathered from different sources and applications. It has become the most powerful buzzword in almost all the business sectors. The real success of any industry can be counted based on how the big data is analysed, potential knowledge is discovered and productive business decisions are made. New technologies such as artificial intelligence and machine learning have added more efficiency to storing and analysing data. This big data analytics (BDA) becomes more valuable to those companies, focusing on getting insight into customer behaviour, trends and patterns. This popularity of big data has inspired insurance companies to utilise big data at their core systems and advance the financial operations, improve customer service, construct a personalised environment and take all possible measures to increase revenue and profits.

Purpose: This study aims to recognise what big data stands for in the insurance sector and how the application of BDA has opened the door for new and innovative changes in the insurance industry.

Methodology: This study describes the field of BDA in the insurance sector, discusses the benefits, outlines tools, architectural framework, the method, describes applications in general and specific and briefly discusses the opportunities and challenges.

Findings: The study concludes that BDA in insurance is evolving into a promising field for providing insight from very large data sets and improving outcomes while reducing costs. Its potential is great; however, there remain challenges to overcome.

Introduction: Big data in the insurance industry can be defined as structured or unstructured data that can affect the rating, marketing, pricing, or underwriting. The five Vs of big data provide insurers with a valuable framework for converting their raw data into actionable information. These five Vs are specifically: (1) Volume: The need to look at the type of data and the internal systems; (2) Velocity: The speed at which big data is generated, collected, and refreshed; (3) Variety: Refers to both the structured and unstructured data; (4) Veracity: Refers to trustworthiness and confidence in data; and (5) Value: Refers to whether the data collected are good or bad.

Purpose: Insurance companies face many data challenges. However, the administration of big data has allowed insurers to acknowledge the demand of their customers and develop more personalised products. In addition, it can be used to make correct decisions about insurance operations such as risk selection and pricing.

Methodology: We do this by conducting a systematic literature review on big data. Our emphasis is on gathering information on the five Vs of the big data and the insurance market. Specifically, how big data can help in data-driven decisions.

Findings: Big data technology has created an endless series of opportunities, which have ensured a surge in its usage. It has helped businesses make the process more systematic, cost-effective, and helped in the reduction in fraud and risk prediction.

Introduction: New ideas and concepts of big data have emerged in recent years in response to the astounding growth of data in many industries. Furthermore, the phenomenal increase in the use of the internet and social media has added enormous amounts of data to conventional data processing systems. Still, it has also created challenges for traditional data processing.

Purpose: A significant characteristic of the insurance sector is critically dependent on information. This sector generates a great deal of structured and unstructured data, which traditional data processing techniques cannot handle. As compared to conventional insurance data processing and decision-making requirements, this lesson shows an analysis of data technology’s value additions.

Research methodology: The author assesses the primary use of cases for data in the insurance industry via a case study analysis. From the perspective of the insurance sector, this chapter examines the concepts, technologies, and tools of big data. A few analytical reviews by the insurance company are also provided, which justified several gains gained either through inefficient processing of massive, diverse data sets or by supporting better decisions.

Findings: This chapter demonstrates the importance of adopting new business models that allow insurers to move beyond understand and protect and become more predictive and preventative by using the tools and technologies of big data technology.

The paper considers the phenomenon of Big Data through the work of Hannah Arendt on technology and on thinking. By exploring the nuance to Arendt’s critique of technology, and its relation to the social and political spheres of human activity, the paper presents a case for considering the richness of Arendt’s thought for approaching moral questions of Big Data. The paper argues that the nuances of Arendt’s writing contribute a sceptical, yet also hopeful lens to the moral potential of Big Data. The scepticism is due to the potential of big data to reduce humans to a calculable, and thus manipulatable entity. Such warnings are rife throughout Arendt’s oeuvre. The hope is found in the unique way that Arendt conceives of thinking, as having a conversation with oneself, unencumbered by ideological, or fixed accounts of how things are, in a manner which challenges preconceived notions of the self and world. If thinking can be aided by Big Data, then there is hope for Big Data to contribute to the project of natality that characterises Arendt’s understanding of social progress. Ultimately, the paper contends that Arendt’s definition of what constitutes thinking is the mediator to make sense of the morally ambivalence surrounding Big Data. By focussing on Arendt’s account of the moral value of thinking, the paper provides an evaluative framework for interrogating uses of Big Data.