Big Data Essay

1070 words - 5 pages

The evolution of IT has given rise to different products that has allowed companies to take advantage of and thrive with enduring competitive advantages. The new trend, that is a successful product of this evolution, is the application of Cloud technology infra-structure and its applications. Cloud technology these days is becoming a household jargon with more people using it either in their personal life (storing multi-media contents or streaming music etc.) or in professional environments (cloud data centers in various corporate operations). This case study takes a brief look into how Volvo took advantage of this technology to create value. Also, related issues with how data and ...view middle of the document...

d). Acquiring such amount of data has great advantages, if proper utilization is in place. Volvo uses this data to improve its customer service, product development, safety and compliances, and efficiency and cost. Data collected from the vehicles in real time is stored in the cloud based data warehouse, which makes the data available immediately for the right engineers who work on product improvement. This allows them to make all the necessary corrections before the products reach final market.
How is data converted in to Knowledge?
Amassing of huge volume of data is only half the step and quite useless if it is not utilized and changed in to meaningful information and value based knowledge. At Volvo, meaningful information is created by analyzing data, which gathered from various sources mentioned above. Data about vehicular performance is obtained from the integrated data warehouse (The Volvo Data Warehouse) and then analyzed by the different strategic business units. For example, data collected from vehicles that had accidents. The data collected here includes stats about the vehicles’ performance and response (such as break response time, air-bag deployment time etc) before and during the accident. This data is then converted in to information about how the vehicles respond to accidents. The vital information is charted to give insightful knowledge about the capabilities of the vehicles safety features and how each can be improved to make the future vehicles safer.
Real Time IS implementations
Real Time Systems in information system refers to access to data or information about various or specific situations while they are occurring or before the data or information about the situation changes. At Volvo, Real Time Information Systems (RTIS) is implemented in 2 major ways. The first is within the vehicles. As mentioned above real time data is collected within each vehicle by the use of sensors and CPUs which is the used by the vehicle (for example to assist in breaking or deploying airbags on collision) or transmitted to the data ware house for analysis. The second implementation is at corporate and operations level where data about production, engineering and other business related data is collected and streamed through the cloud to the data warehouse. This implementation requires the use of efficient DBMSs that are efficient and fluid in the transfer of data from OLTPs to OLAPs. In this regards, Volvo utilizes Microsoft Server Production Portfolio which includes...

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