The Age of Big Data Sample Clauses

The Age of Big Data. Because of the increasing demand for high quality data, agencies should have the necessary resources to perform data analysis and create visualization for a better communication and comprehension with the stakeholders regarding the transit system condition, emphasizing the significance of the capital investments. The following are some of the tools that can be used to take advantage of the data and present the information to stakeholders: • Business Intelligence and Analytics. Business intelligence (BI) is the term applied to the ability of an organization to collect, maintain, and organize data. The BI technologies can provide historical, current, and predictive information on business operations by transforming raw data into meaningful and useful information, which can be used to inform more effective strategic, tactical, and operational insights and decision-making. • Data Visualization. Visualizations could provide a better understanding of the collected data by using pictures, images, or animations depending on the best way to communicate with an intended audience.
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The Age of Big Data. The Permanent Citizens Advisory Committee to the MTA (PCAC) oversaw writing a report to highlight the Metropolitan Transportation Authority (MTA) performance by using visualization techniques to provide a better understanding of the MTA’s performance. The research projected 30 years of the capital investment in the MTA system and how it impacted the operational performance (Xxxxxxx & Xxxxxxxx, 2013). The MTA produces over a thousand pages of text and statistical information, which could take a long time to interpret. For this reason, a data visualization tool could speed up the process to make the information clearer and more accessible to the stakeholders. The PCAC not only looked at the ridership impact, but also developed three indicators to capture the importance of the daily ridership impact. The indicators are (Xxxxxxx & Xxxxxxxx, 2013):

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