por The Business Model is known in the extensive universe of Big Data as a great strategy to devise your project with big data. This tool is implemented in a wide variety of areas that seek to highlight the value of data for promote optimal development in organizations based on their results.
That is why we consider this scheme as a more than necessary alternative in the production of a data project. becomes a professional incentive both for the administrator and for the rest of the organization that can view it. In this post, We explain what the Business Model is and what its components are.
What is Business Model?
It is known as Business Model when logical diagram of the process flow to be developed for the processing of big data. Simply put, this is a sketch of the process that is going to be built in relation to the database of a certain organization.
On the other hand, in terms of its functions, the Business Model will help you document the project and requires you to create a design before carrying out data management. Therefore, it is a great strategy for companies and their decision making.
Below, we present a example scheme which represents the series of processes and commands that a Business Model could carry:
As you have noticed, This scheme marks each of the possible paths that the development of a data flow can take. on a certain platform. However, depending on the type of data analysis and the interest of a particular study, This must vary to fit the needs of the organization.
As a reminder, you should keep in mind that the development of a Business Model has two key factors:
It will help you document and clarify a data projectso you will have to have extensive knowledge about it. It forces you to design the scheme before developingso the margin of error in data management is reduced.
Components of the Business Model
On the other hand, the Business Model has a series of components that help and facilitate the development and understanding of a data process flow. Indeed, each of them helps both the scheme and the practical development of information processing.
Next, we expose you What are the components found in the development of a Business Model:
Decision: is a flow separation based on an event; For example, if a connection fails, the process takes one path, and if the process fails, it follows a different path.action: It refers to the action to be performed by a processfor example, a transformation, a queryetc.Terminal: This consists of the shape that marks the beginning and end of the flow.Data: represents a any data set that is incorporated as flow to the process.Document: This component represents a document that is generated as Output. On the other hand, it also corresponds to a document generated by Input.Input: as for the Inputthis corresponds to the manual data entries.List: It’s about a subset of data that has been the result of a type of process.Database: On the other hand, the database It represents a database with which the process interacts.Actor: This component is a person who, in the process, must perform an action or receive a certain message.Ellipse: as for the Ellipseis a form whose use and meaning can be customized according to the needs of data analysis.Gear: through this, represents an automated machine actionin this case it can represent a job.Relationship: finally, the relationship can be directionless, i.e. connects two components that do not have a sequence or directionality (for example, connecting a component to a note). However, you can also have one-way or two-way directionality.
What is the next step in the Big Data universe?
In the course of this post, you have been able to learn what the Business Model within the Big Data world and what are its main components to carry out big data processing. However, this process is one of all those offered by the great universe of Big Data to propose an adequate development of data management. You still have a lot to learn!
At we offer you our Full Stack Big Data, Artificial Intelligence & Machine Learning Bootcamp as an alternative to continue instructing you. In its development, you will be able to deepen the analysis of the data through the reporting through the use of a tool called Tableau, well known in the world of Big Data Business Intelligence. On the other hand, you will understand that visual analysis is the final objective of big data processing, since, through it, you will be able to provide very useful information for a company in response to business problems. All this, with a personalized, agile and immediate appearance. Sign up and get started with now!