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Operations Research, Systems Engineering and Industrial Engineering Commons

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Manufacturing

Theses/Dissertations

2015

Cost

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Cost Effective Analysis Of Big Data, Steven J. Litzsinger, Nehad Dababo Jun 2015

Cost Effective Analysis Of Big Data, Steven J. Litzsinger, Nehad Dababo

Industrial and Manufacturing Engineering

Executive Summary

Big data is everywhere and businesses that can access and analyze it have a huge advantage over those who can’t. One option for leveraging big data to make more informed decisions is to hire a big data consulting company to take over the entire project. This method requires the least effort, but is also the least cost effective. The problem is that the know-how for starting a big data project is not commonly known and the consulting alternative is not very cost effective. This creates the need for a cost effective approach that businesses can use to start …