Einstein International Journal Organization(EIJO)

Abstract  

This paper aims to analyze how big data and internet of things plays significant role in the government sector industries and institutions and health sector.  The internet of things is upcoming technological revolution, it is the concept of everyday things which includes industrial machines to wearable devices it is the future of technology that can make lives more efficient.  Innovation came slowly to Indian government. It took several years, it has been proved that expenditure for big data and analytics is shifting upwards and it will continue at a growing pace according to several researches. In this research paper the various applications of big data which are used by the different sectors have been discussed. Banking and securities industry are also using applications of Big Data.  The industries also depend heavily on big data for risk analytics which includes fraud mitigation, anti money laundering, etc. The healthcare sector also access huge amounts of data but fails in utilizing the data. This is mainly due to the fact that electronic data is inadequate. In education sector the major challenge is to incorporate big data from the various sources and to utilize it on platforms that are not designed for the varying data. In today’s era it is necessary for staff and students to have knowledge to learn new data tools and management tools as well. Hence the internet of things and big data has strengthened the role of participation in every sector.

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