Technological growth and easy access to sophisticated gadgets have led to a digital data explosion. Complex data generated by network traffic and collected from applications and process logs, outputs from numerous digital devices, interactions on the web and social media sites, digital photographs, satellites, are common examples of Big Data.
The cost of storing data has decreased with the evolution of storage technology. Organizations are no longer apprehensive about storing huge data sets, but rather, expect to undertake advanced analytics on the Big Data already captured in their systems. Companies recognize that they can generate better insights regarding their customers and partners by using larger data sets. Data enriched from various sources with additional details, as compared to what traditional systems offered, can deliver relevant, timely insights.Hence it is essential to implement bigdata to do a better business.
Implementing Big Data Opens the Door to New Business Areas! Let Us Learn More…
There are three main keywords when it comes to using Big Data:
Discover → Accelerate → Act
Bring light to dark data
It has been observed that enterprises are collecting more business information today than a year ago but it takes long time to even connect to a new data source. Data is a dark secrete for most enterprises. But what if you are able to quickly discover relevant information from existing, underutilized data? The benefits would be immense: Superior insights to drive growth, optimize business, and automate compliance.
Generate insights more faster
Business analysts want to develop meaningful insight rapidly, but the current tools are just not geared up for this. By the time the insight is ready, it is too late to take any decision. If you able to empower your business team to built the insights and self-serve their needs the only solution is to implement “Big Data”
Drive real-time business decision
Enterprises need a common platform around which they can discuss the insights generated. Discussions need to be in real time and collaborative to drive effective decisions. The challenge is to operationalize these decisions to drive business growth and efficiency. So in order to have a faster decision making capabilities you should implement “Big Data”