How to measure economic feasibility of big data?

International Journal of Computer Science (IJCS) Published by SK Research Group of Companies (SKRGC)

Abstract

This research investigates how economic feasibility of big data solutions can be measured. After reviewing the literature, no existing papers are found within this area of research which focus on the economic or financial aspect. The research looks at some evaluations of feasibility studies and studies that highlight the benefits of big data solutions. Based on these together with a framework for accessing big data solution and the cost benefit analysis approach a method is presented for determining the economic feasibility of big data solutions.

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Keywords

Big-Data, Economic feasibility, Cost benefit analysis, BigDAF.