Management of Big Data in the Contemporary World

Abstract

It is strongly believed that technology can reap the best only when it can be tamed by all stakeholders. Big data technology has no exception for this and even after a decade of emergence, the technology is still a herculean task and is in nascent stage with respect to applicability for many people. Having understood the gaps in the technology adoption for big data in the contemporary world, the present exploratory research work intended to highlight the possible prospects of big data technologies. It is also advocated as to how the challenges of various fields can be converted as opportunities with the shift in the perspective towards this evolving concept. Examples of apex organizations like (IMF and ITU) and their initiatives of big data technologies with respect to the Sustainable Development Goals (SDGs) are also cited for a broader outlook. The intervention of the responsible organizations along with the respective governments is also much sought for encouraging the technology adoption across all the sections of the market players.