Original Article
ISSN (Online): 2582-7472
ShodhKosh: Journal of Visual and Performing Arts
June 2024 5(6), 1117–1123
How to cite this article (APA): Bhandare, P., and K.R., J. (2024). Big Data and AI in Marketing: Unleashing the Power of Data-Driven
Decision Making. ShodhKosh: Journal of Visual and Performing Arts, 5(6), 1117–1123. doi: 10.29121/shodhkosh.v5.i6.2024.2109
1117
BIG DATA AND AI IN MARKETING: UNLEASHING THE POWER OF DATA-DRIVEN
DECISION MAKING
Dr. Pradnya Bhandare
1
, Dr. Jayalekshmi K.R.
2
1
Controller of examinations and Associate Professor, Indus Business School, IIEBM, Pune
2
Associate Professor, NCRD'S Sterling Institute of Management Studies, Nerul, Navi Mumbai
ABSTRACT
This study investigates the use of neural networks with respect to big data analytics,
emphasizing the ways in which these potent tools may be used to mine massive data sets
for insightful information. Using data-driven techniques, researchers explore the
methods that allow the efficient using neural networks to improve big data processing
and understanding. They go over how neural networks' innate ability to manage intricate
relationships and trends in huge datasets makes it easier to find useful insights. We also
emphasize how crucial it is to combine various data sources and use strong approaches
to preprocessing in order to maximize neural network performance in big data analytics.
Researchers illustrate the prospective effect of using neural networks in a variety of
sectors, including finances, marketing, and healthcare, using research results and actual-
life scenarios. This paper's principal objective is to provide a thorough analysis of the
methods and approaches for using neural networks to their fullest capacity in analytics
of large amounts of data, highlighting the significance of making decisions based on data
for fostering invention and commercial success.
Corresponding Author
Dr. Pradnya Bhandare,
pradnyab.26@gmail.com
DOI
10.29121/shodhkosh.v5.i6.2024.210
9
Funding: This research received no
specific grant from any funding agency in
the public, commercial, or not-for-profit
sectors.
Copyright: © 2024 The Author(s).
This work is licensed under a Creative
Commons Attribution 4.0
International License.
With the license CC-BY, authors retain
the copyright, allowing anyone to
download, reuse, re-print, modify,
distribute, and/or copy their
contribution. The work must be
properly attributed to its author.
Keywords: Artificial Neural Networks, Big Data Analytics, Data-Driven Techniques,
Pattern Recognition, Predictive Modelling, Data Preprocessing, Multi-Source Data
Integration, Scalability, Explainable AI, Industry Applications, Healthcare, Finance,
Marketing, Data-Driven Decision Making, Innovation, Commercial Success.
1. INTRODUCTION
Within the ever-changing field of Big Data Analytics, the increasing amount, speed, and diversity of data provide both
possibilities and difficulties (Yang and Ge, 2022). Organisations are facing a growing demand for sophisticated statistical
instruments as they struggle with huge databases. A subset of machine learning and the foundation of deep learning,
neural networks have become a transformative tool for identifying mysterious trends in enormous datasets. The purpose
of this study is to examine and clarify the function of artificial intelligence in the Big Data Analytics age, highlighting the
opportunity for these technologies to provide insights grounded in data. During the discussions experts will delve into
the design and capabilities of networks highlighting their adaptability in recognizing relationships and patterns.
Moreover, the conversation will delve into applications as artificial neural networks have proven adept, at uncovering
connections and patterns that traditional analysis methods may overlook. By delving into real life scenarios, the aim is
to provide readers with an understanding of how AI powered neural networks facilitate data driven decision making