Electron Markets (2017) 27:243–245 DOI 10.1007/s12525-017-0261-6 PREFACE 1 2 3 Eric W. T. Ngai & Angappa Gunasekaran & Samuel Fosso Wamba & 4 5 Shahriar Akter & Rameshwar Dubey Received: 26 May 2017 /Accepted: 29 May 2017 /Published online: 9 June 2017 Institute of Applied Informatics at University of Leipzig 2017 The era of big data same amount of data can be created within two days (Sagiroglu and Sinanc 2013). In the past, the main challenge that businesses faced had to do with operating under conditions of data scarcity. Decision- making was subject to incomplete, insufficient, and time- lapsed data. However, such challenge no longer exists, given Big data in electronic markets the current exponential growth of data available to businesses. Instead, the challenge that businesses now face has to do with Businesses now have more data than they can effectively the sheer abundance of data. Up until 2003, only 5 exabytes use; as a result, a new critical issue is emerging: big data (1018 bytes) of data were available, whereas nowadays the analytics. The term big data refers to Bdata sets with sizes beyond the ability of common software tools to capture, curate, manage, and process the data
Electronic Markets – Springer Journals
Published: Jun 9, 2017
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