Descriptive representation about transformation of company by using current technologies and tools for analytical processing and evaluation of diverse data
Descriptive representation about transformation of company by using current technologies and tools for analytical processing and evaluation of diverse data
Companies are currently producing and processing larger and larger amounts of data that they
were not able to effectively process and subsequently use in the management of company processes in the past. There are several technologies and tools for the analytical processing and
evaluation of diverse data, such as the Big Data technology. The Industry 4.0 concept (which is
closely linked with the IoT) will bring an enormous growth of produced data into the company
sphere. The information value of such data can signifi cantly affect managing and decision-making
processes in a company. Here, we can see a synergy between man and technology where each
influences the other. The purpose of this paper is to support the following statement: in the
present business environment, we are facing the transformation of a company that, for efficient
management and decision-making, needs: a) to capture and process all available data; b) to
implement new tools into strategic decisions; and c) to integrate data through a single system.
This article describes the possibilities of deploying the efficient use of new technologies (Big
Data, Industry 4.0, and IoT) in management.
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