Intrinsic Relations between Data Science, Big Data, Business Analytics and Datafication

Abstract

Data recording and storage have evolved over the past decades from manual gathering of data by using simple writing materials to the automation of data collection. Data storage has evolved significantly in the past decades and today databases no longer suffice as the only medium for the storage and management of data. This is due to the emergence of the Big Data and Data Science concepts. Previous studies have indicated that the multiplication of processing power of computers and the availability of larger data storage at reduced cost are part of the catalysts for the volume and rate at which data is now made available and captured.