Information For Efficient Decision Making: Big Data, Blockchain And Relevance

Big Data, Blockchain, and Relevance is a handbook that discusses how to consolidate information to facilitate decision-making in firms, using blockchain as an alternative to centralized organizations. It covers the progress in data collection, pros and cons of collecting information on decentralized publicly available ledgers, and several applications.

Format: Hardback
Length: 716 pages
Publication date: 14 December 2020
Publisher: World Scientific Publishing Co Pte Ltd

Information for Efficient Decision Making: Big Data, Blockchain, and Relevance delves into the crucial process of consolidating information to enhance decision-making within firms. By optimizing their operations and reducing costs, businesses can increase their profitability. The emergence of blockchain has sparked significant interest as an alternative to centralized organizations, where data is gathered through a centralized ledger that records the activities of the firm. One of the defining features of blockchain is its decentralized ledger-keeping system, which has raised numerous technical, developmental, implementation, privacy, acceptance, and evaluation challenges.

Blockchain is a subsequent development in the context of the big data environment, facilitated by remarkable advancements in computer hardware, storage capacities, and technological capabilities. This has enabled the rapid accumulation of data that was previously considered unattainable. Through the application of advanced modeling analytics and algorithms, these applications have reached significant levels. This handbook explores the advancements in data collection, examines the pros and cons of gathering information on decentralized publicly available ledgers, and showcases various applications.

Weight: 1172g
Dimension: 159 x 236 x 46 (mm)
ISBN-13: 9789811220463