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Utilizing Big Data Analytics and Business Intelligence For Improved Decision-Making at Leading Fortune Company
Utilizing Big Data Analytics and Business Intelligence For Improved Decision-Making at Leading Fortune Company
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Utilizing Big Data Analytics and Business Intelligence for Improved Decision-
Making at Leading Fortune Company
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All content following this page was uploaded by Oluwaseun Oladeji Olaniyi on 14 September 2023.
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Article Information
DOI: 10.9734/JSRR/2023/v29i91785
Received: 02/07/2023
Original Research Article Accepted: 07/09/2023
Published: 14/09/2023
ABSTRACT
The present study evaluates Walmart’s existing big data analytics with business intelligence
techniques, accentuating their strengths and weaknesses, and suggests improvements for
implementation and maintenance through the literature review of the scholarly journals addressing
similar topics. Big data analytics is receiving loads of attention globally in the business environment
within every sector of the economy. Incorporating the job plan as an additional input component in
_____________________________________________________________________________________________________
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Information Technology Researcher;
#
Data Analysis, Leadership & Strategic Planning;
†
Senior Business Analyst;
*Corresponding author: E-mail: oolaniyi00983@ucumberlands.edu;
their models would be beneficial for Walmart to improve the precision and appropriateness of their
data analysis and decision-making procedures. Walmart is a company that heavily invests in
utilizing big data to improve its operations; this includes optimizing in-store experiences and
predicting product trends. Scholarly articles emphasize the importance of advanced data analytics
tools like MapReduce and Apache Spark for effective big data strategies. Social media content
influences engagement and sentiment. Social network data aids sales forecasting but presents
challenges. Big data analytics with business intelligence enhances performance and decision-
making. Walmart's success in big data analytics relies on a data-driven culture but faces security
challenges. Many Fortune 1000 companies adopt innovative solutions to improve performance and
customer experiences but require significant resources. Embracing big data analytics with business
intelligence remains a compelling investment for sustaining a competitive edge. Walmart's success
in big data analytics is due to a data-driven culture and advanced infrastructure, including the Data
Café.
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1.2 What Walmart is Doing Right its information governance tactics for
managing big data and reporting [7].
Walmart has constructed its Data Café – a state- • To efficiently handle and evaluate vast
of-the-art analytics center in Bentonville, quantities of data, Walmart should
Arkansas [5]; this sophisticated system allows consider using reliable cloud computing
the company to collect, analyze, and interpret services, allowing faster analysis and
large amounts of big data to improve customers' decision-making in their business
shopping experiences [5]. The company uses big operations [2].
data analytics and solid business intelligence • To ensure fair and unbiased practices,
tools to enhance its customers' shopping Walmart must address involuntary
experiences [4]. Walmart has developed several decision-making biases that negatively
applications and tools to help customers save impact business performance and
and shop better, such as Savings Catcher, decision-making processes [8].
eReceipts, and a mapping app using Hadoop [4]. • Incorporating the job plan as an additional
The company also uses Mupd8 to collect data input component in their models would be
from social media channels to determine what beneficial for Walmart to improve the
products to promote in physical stores or online precision and appropriateness of their data
[4]. For personalized insights, Walmart uses analysis and decision-making procedures
advanced technology to gather data from point- [1].
of-sale transactions, in-store Wi-Fi tracking, and • To handle data responsibly and ethically.
Walmart.com clicks [4]. Through algorithms and Walmart must adopt ethical AI practices
data mining, Walmart can identify trends in point that meet the standards set by laws and
of sales (POS) data to improve the shopping ensure that its data ethics align with data
experience for customers [4]. privacy regulations [7].
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Olaniyi et al.; J. Sci. Res. Rep., vol. 29, no. 9, pp. 64-72, 2023; Article no.JSRR.105812
business forecasts for subsequent years to gain topics on subscribers' interactions to resolve if
invaluable insights and comprehend what there are any palpable contrasts among content
consumers want at different contact points [9]. topics on the Toyota Facebook page. The
The research question was not specified; company has problems with appropriate big data
however, the methodology quantitatively analytics and business intelligence to convert
analyzes a three-year dataset from 45 outlets in social media leads to sales; thus, it is seeking to
various locations containing weekly sales data select the proper business intelligence technique
and other variables like temperature, fuel price, for social media marketing and engagement and
unemployment rate, and holidays that impact using appropriate big data analysis to evaluate
sales [9]. In the data analysis, Apache Spark and the weight of social media marketing [10]. The
its diverse libraries served as a tool to analyze authors did not construct research questions but
the dataset and pinpoint correlations between developed three hypotheses to examine if higher
sales and the influencing factors specified. Also, posting activities on a fan page lead to increased
Scala and Python APIs of Spark SQL assisted in engagement and are influenced by sentiment
gaining new insights into consumer behavior and polarity [10]. The methodology to test the
a better understanding of Walmart's marketing hypothesis is a quantitative analysis of social
efforts and data-driven approach, thanks to the media data gathered on Facebook [10]. The
framework [9]. The outcome shows multiple authors used R and SAS in their data analysis to
factors to consider in developing compelling big model the topics of subscribers' fan-page
data strategies, such as temperature, postings; thus, they employed a negative
unemployment rates, fuel prices, and holidays. binomial regression model to analyze reactions
Also, to sustain a competitive edge, advanced and interaction as exploratory variables to define
data analytics tools like MapReduce and Apache the significance of social media marketing [10].
Spark will help derive relevant insights from big The outcome shows that the kind of post is the
data [9]. most significant stimulating element for content
topics, posts sentiments, social-media
2.2 Business Intelligence and Big Data engagement, and comments [10].
Analytics Improve Large Data
Analysis 2.4 Effect of Big Data Analytics on
Organizational Management
Mariani et al. [2] studied the influence of
Said et al. [11] explored the effect of big data
business intelligence and big data in academic
analytics capacities on Facebook sustainability
research related to hospitality and tourism
reporting disclosure. It also examined how
published in 2016 to recognize research gaps
specific characteristics of Facebook's leadership
and future developments and create room for
can moderate the relationship between big data
further research. Thus, the analytical methods for
analytics and sustainability reporting disclosure
solving critical business problems link business
[11]. The company needs help ensuring
intelligence and big data for organizations [2].
transparency across all aspects of information
The author did not specify a particular research
governance and big data analytics management
question. The method is a thorough review of
[11]. The abundance of data generated from
academic articles that concentrates on various
social network activities has caused an
analyses of business intelligence and big data [2].
information overload, making it challenging for
However, data analytics used a systematic
subscribers to make informed decisions [11]. The
quantitative approach to analyze these articles,
researchers did not mention what their specific
research topics, data sources, collection, and
questions were for the study. However, The
visualization [2]. The research outcome showed
methodology applies a combination of
that hospitality and tourism management had
quantitative feedback from a questionnaire
witnessed an increase in analytical techniques
answered by 320 companies listed on Bursa
for handling large amounts of data [2].
Malaysia and quantitative analysis of CEOs'
assertions in 2019 sustainability reports [11]. The
2.3 Impact of Big Data and Business authors used structural equation modeling for
Intelligence Techniques for Social data analysis of the questionnaire and DICTION
Media Marketing software devised by Hart (2000; Said et al., [11]
to analyze CEOs' assertions in 2019
Chun et al. [10] research explored the impact of sustainability reports [11]. The outcome of the
social media fan-page posting kinds and content analysis revealed that big data analytics
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Olaniyi et al.; J. Sci. Res. Rep., vol. 29, no. 9, pp. 64-72, 2023; Article no.JSRR.105812
capacities strongly influence Facebook comments, and posts recorded and a review of
sustainability reporting disclosure [11]. historical data of Nike's financial reports using its
quarterly sales figure [13]. The data analysis
2.5 Impact of Big Data Mining and employed the Social Set Visualizer (SoSeVi) to
Analytics on Business Intelligence analyze the business's quantitative and historical
secondary data using simple regression and
Rodrigues et al. [12] described the essence of multiple regression models [13]. The outcome of
Twitter's big data mining impact on social the analysis shows that social network data does
networks worldwide. The problem is that Twitter have edifying value for sales forecasts.
needs help tracking subscribers' numerous
activities to flag undue postings that infringe on 2.7 Big Data Mining and Organizational
its data policies; thus, the company conducts Performance
real-time analysis for governance and trend
detection utilizing artificial intelligence (AI) and Bogdan and Borza [1] performed an exhaustive
machine learning algorithms [12]. Twitter needs meta-analysis examination of practical papers
big data mechanisms and procedures to extract concentrating on big data mining and
applicable data from the endless stream of organizational performance. The objective is to
information from various activities on the platform check that numerous investments in money, time,
[12]. The authors did not build research and human resources in big data analytics and
questions. The quantitative method employs business intelligence to foster ongoing
lexicon-based techniques and polarity advancement and progress in this field yield
multiplication to recognize emotions in tweets results [1]. The is no research question. The
and Machine learning algorithms like Naïve methodology analyzed case studies from 2010 to
Bayes, SVM, and KNN for emotions analysis [12]. 2019 to determine the benefits of big data
The data analysis gathered static and real-time analytics in businesses; the authors employed a
data on Twitter using distinct methods and meta-analysis procedure to integrate data and
algorithms with a deep analysis of the efficiency pinpoint substantial outcome dissimilarities [1].
and exactness of the various techniques [12]. Data analytics is an empirical study that reviewed
The outcome shows that Twitter is a diverse 37 scholarly articles on meta-analysis [1]. The
platform with a global user base that requires research outcome corroborates that utilizing big
robust analysis [12]. Hence, the Big Data Apache data analytics is essential for improving
SPARK tool analyzes real-time tweets more organizational performance [1].
efficiently with 83% efficiency. Also, LDA and
Jaccard are practical procedures for scrutinizing 2.8 Big Data Analytics Enhances
static data with 74% efficiency [12]. Consumer Experience and Grows
Subscriber Base
2.6 Leveraging Big Data for Accurate
Sales Forecasting According to Maddodi and Krishna [14, Netflix
began in 1997 as a DVD-by-mail service.
Boldt et al. [13] examined the accuracy of sales However, it has since evolved into a streaming
forecasts for Nike using social media data organization that provides a wide range of
generated from social media. Nike encounters movies, television shows, and original content
the challenge of inaccurate sales predictions [13]. [14]. The company has over 32.5 million
To combat this, they use a sales framework subscribers [14. Netflix utilizes big data analytics
incorporating the AIDA framework into their to comprehend its business environment, gain
marketing strategies, allowing Nike to leverage consumer insights and offer improved customer
digital platforms to make informed decisions, service [14]. Thus, The company collects a large
maximize marketing efforts, and boost customer amount of data from its subscribers, including
engagement, ultimately leading to improved information about their location, the content they
sales and profitability [13]. The authors engage with, their interests, their search history,
developed five research questions on how and when and what they watch through using an
analyzing social media data can enhance Nike's algorithm that aligns with the user's distinctive
sales forecasting exactness, including single and appeals [14]. The problem is using big data and
multiple variable studies, data from multiple business intelligence to increase its customer
pages, and search query data [13]. The base [14]. The author did not state the research
methodology is quantitative data from Nike's question. The methodology is a qualitative
Facebook pages, including the daily likes, analysis using the SWOT and PESTLE to
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Olaniyi et al.; J. Sci. Res. Rep., vol. 29, no. 9, pp. 64-72, 2023; Article no.JSRR.105812
establish that big data analytics can increase 4) In what ways can search query data
consumer engagement [14]. There is no stated enhance the accuracy of sales
data analysis; however, the conclusion reveals forecasting?
that big data analytics boosts consumer 5) Does Nike's real-world events influence
experience and increases the subscriber base social media activity, specifically on
[14]. Facebook?
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Olaniyi et al.; J. Sci. Res. Rep., vol. 29, no. 9, pp. 64-72, 2023; Article no.JSRR.105812
the Scala and Python APIs of Spark SQL and informed decision-making for an
assisted in gaining new insights into consumer organization [14]. Walmart is a company that
behavior and a better understanding of heavily invests in utilizing big data to improve its
Walmart's marketing efforts and data-driven operations; this includes optimizing in-store
approach, thanks to the framework [9]. The experiences and predicting product trends.
analysis also gathered static and real-time data Walmart's success in big data analytics is due to
on Twitter using distinct methods and algorithms, a data-driven culture and advanced infrastructure,
with a deep analysis of the efficiency and including the Data Café (Marr, 2021). However,
exactness of the various techniques [12]. maintaining data security and privacy is
Additionally, R and SAS were used in the data challenging, as seen in Walmart's data breaches
analysis to model the topics of subscribers' fan- (Reed, 2023). Inadequate security protocols can
page postings, employing a negative binomial harm analytics accuracy, causing negative
regression model to analyze reactions and consequences like damage to reputation and
interaction as exploratory variables to define the regulatory action [7].
significance of social media marketing [10,19,20].
Big data analytics and business intelligence are
Furthermore, the empirical study of data crucial for success and innovation in business to
analytics reviewed 37 scholarly articles on meta- sustain a competitive edge, and integrating big
analysis [1]. Structural equation modeling and data analytics with business intelligence has
DICTION software devised by Hart (2000; Said revolutionized decision-making for many
et al., [11] analyzed CEOs' assertions in 2019 organizations [2]. Many Fortune 1000 companies
sustainability reports [11]. The analysis also have implemented unique techniques and
involved using the Social Set Visualizer (SoSeVi) platforms to tackle their big data challenges by
to analyze the business's quantitative and adopting best practices and exploring innovative
historical secondary data [13]. Additionally, solutions; therefore, businesses can improve
AutoToken was assessed in the data analysis on performance, enhance customer experiences,
SCOPE jobs in the production clusters, proving and achieve sustainable growth [12]. Big data
its superiority over other sophisticated solutions poses several challenges, especially when
for peak resource estimation [8]. The data storing and analyzing unstructured data, and
analytics approach adopted a systematic managing these large amounts of complex data
quantitative approach to analyze articles, is challenging, requiring much effort to mine
research topics, data sources, collection, and through the data [1]. Organizations must adapt to
visualization [2]. emerging technologies to reap the full benefits of
big data; however, the process will consume
6. CONCLUSION massive resources [1] particularly for larger
entities like Fortune 1000 companies if they are
The outcomes of various scholarly articles willing to keep the market leadership they enjoy;
reviewed highlight several factors to consider embracing big data analytics with business
when developing compelling big data strategies intelligence remains an attractive investment [1].
and maintaining a competitive edge; it is crucial
to leverage advanced data analytics tools such CONSENT
as MapReduce and Apache Spark and many
more, as they enable extracting relevant insights As per international standard or university
from large datasets [9]. Likewise, the type of standard, participants’ written consent has been
social media posts plays a significant role in collected and preserved by the author(s).
influencing content topics, sentiment, social
media engagement, and comments [10]. While ETHICAL APPROVAL
social network data can furnish valuable insights
for sales forecasts, it also offers challenges As per international standard or university
related to multiple regressions and perfect standard written ethical approval has been
multicollinearity, particularly when analyzing collected and preserved by the author(s).
specific events related to brands like Nike [13].
COMPETING INTERESTS
Big data analytics with business intelligence can
improve organizations' performance, consumer Authors have declared that they have no known
experiences, and subscriber numbers [1]; studies competing financial interests or non-financial
emphasize its importance for growth, insights, interests or personal relationships that could
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Olaniyi et al.; J. Sci. Res. Rep., vol. 29, no. 9, pp. 64-72, 2023; Article no.JSRR.105812
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