BIG DATA AND AI IN MARKETING: UNLEASHING THE POWER OF DATA-DRIVEN DECISION MAKING

Authors

  • Pradnya Bhandare Controller of examinations/Associate Professor, Indus Business School, IIEBM, Pune, India
  • Jayalekshmi K.R. Associate Professor, NCRD'S Sterling Institute of Management Studies, Nerul, Navi Mumbai, India

DOI:

https://doi.org/10.29121/shodhkosh.v5.i6.2024.2109

Keywords:

Artificial Neural Networks, Big Data Analytics, Data-Driven Techniques, Pattern Recognition, Predictive Modelling, Data Preprocessing, Multi-Source Data Integration, Scalability, Explainable AI, Industry Applications, Healthcare, Finance, Marketing, Data-Driven Decision Making, Innovation, Commercial Success

Abstract [English]

This study investigates the use of neural networks with respect to big data analytics, emphasizing the ways in which these potent tools may be used to mine massive data sets for insightful information. Using data-driven techniques, researchers explore the methods that allow the efficient using neural networks to improve big data processing and understanding. They go over how neural networks' innate ability to manage intricate relationships and trends in huge datasets makes it easier to find useful insights. We also emphasize how crucial it is to combine various data sources and use strong approaches to preprocessing in order to maximize neural network performance in big data analytics. Researchers illustrate the prospective effect of using neural networks in a variety of sectors, including finances, marketing, and healthcare, using research results and actual-life scenarios. This paper's principal objective is to provide a thorough analysis of the methods and approaches for using neural networks to their fullest capacity in analytics of large amounts of data, highlighting the significance of making decisions based on data for fostering invention and commercial success.

References

Bawa, Surjit Singh. "Implementing Text Analytics with Enterprise Resource Planning." International Journal of Simulation

Crabbe, J., Zhang, Y., Zame, W. and van der Schaar, M., 2020. Learning outside the black-box: The pursuit of interpretable models. Advances in neural information processing systems, 33, pp.17838-17849.https://proceedings.neurips.cc/paper_files/paper/2020/file/ce758408f6ef98d7c7a7b786eca7b3a8-Paper.pdf

Daradkeh, M., Abualigah, L., Atalla, S. and Mansoor, W., 2022. Scientometric analysis and classification of research using convolutional neural networks: A case study in data science and analytics. Electronics, 11(13), p.2066.https://www.mdpi.com/2079-9292/11/13/2066 DOI: https://doi.org/10.3390/electronics11132066

Hsu, K.C. and Tseng, H.W., 2021, November. Accelerating applications using edge tensor processing units. In Proceedings of the International Conference for High Performance Computing, Networking, Storage and Analysis (pp. 1-14).https://dl.acm.org/doi/pdf/10.1145/3458817.3476177 DOI: https://doi.org/10.1145/3458817.3476177

Hunter, B., Hindocha, S. and Lee, R.W., 2022. The role of artificial intelligence in early cancer diagnosis. Cancers, 14(6), p.1524.https://www.mdpi.com/2072-6694/14/6/1524 DOI: https://doi.org/10.3390/cancers14061524

Janssen, M., Brous, P., Estevez, E., Barbosa, L.S. and Janowski, T., 2020. Data governance: Organizing data for trustworthy Artificial Intelligence. Government information quarterly, 37(3), p.101493.http://repositorio.inesctec.pt/bitstream/123456789/11779/1/P-00S-BP7.pdf DOI: https://doi.org/10.1016/j.giq.2020.101493

Kalyankar V, Anute N (2022) A Study on the Effectiveness of Google Analytics on the Business Growth of E-Commerce Companies in India, Journal of Information Technology and Sciences, e-ISSN: 2581-849X, Volume-8, Issue-3, Page no. 1-7 https://matjournals.co.in/index.php/JOITS/article/view/829 DOI: https://doi.org/10.46610/JOITS.2022.v08i03.001

Milson, S. and Levent, K., 2024. Deep Learning Applications in Big Data: Expanding Horizons with AI-Driven Solutions.https://easychair.org/publications/preprint_download/TGbl

Mitchell, A., & Murphy, S. (2022). Unleashing the Power of Big Data: A Catalyst for Advancements in Artificial Intelligence.

Mitchell, A., & Murphy, S. (2022). Unleashing the Power of Big Data: A Catalyst for Advancements in Artificial Intelligence.

Naeem, M., Jamal, T., Diaz-Martinez, J., Butt, S.A., Montesano, N., Tariq, M.I., De-la-Hoz-Franco, E. and De-La-Hoz-Valdiris, E., 2022. Trends and future perspective challenges in big data. In Advances in Intelligent Data Analysis and Applications: Proceeding of the Sixth Euro-China Conference on Intelligent Data Analysis and Applications, 15–18 October 2019, Arad, Romania (pp. 309-325). Springer Singapore. https://redcol.minciencias.gov.co/Record/RCUC2_5996fd99e6eccb5ffe7f4e761f13a9e1/Details

S. S. Bawa, "How Business can use ERP and AI to become Intelligent Enterprise

Samek, W., Montavon, G., Lapuschkin, S., Anders, C.J. and Müller, K.R., 2021. Explaining deep neural networks and beyond: A review of methods and applications. Proceedings of the IEEE, 109(3), pp.247-278.https://ieeexplore.ieee.org/iel7/5/9369414/09369420.pdf DOI: https://doi.org/10.1109/JPROC.2021.3060483

Yang, Z. and Ge, Z., 2022. On paradigm of industrial big data analytics: From evolution to revolution. IEEE Transactions on Industrial Informatics, 18(12), pp.8373-8388. https://www.researchgate.net/profile/Zeyu_Yang11/publication/361955520_On_Paradigm_of_Industrial_Big_Data_Analytics_From_Evolution_to_Revolution/links/64f7f4293a0697353daffb5e/On-Paradigm-of-Industrial-Big-Data-Analytics-From-Evolution-to-Revolution.pdf DOI: https://doi.org/10.1109/TII.2022.3190394

Downloads

Published

2024-06-30

How to Cite

Bhandare, P., & K.R. , ayalekshmi . (2024). BIG DATA AND AI IN MARKETING: UNLEASHING THE POWER OF DATA-DRIVEN DECISION MAKING. ShodhKosh: Journal of Visual and Performing Arts, 5(6), 1117–1123. https://doi.org/10.29121/shodhkosh.v5.i6.2024.2109