There can be no doubting the fact that with each passing day big data is getting bigger and bigger. In fact, experts expect it go beyond zettabyte storage limits very soon. Big data is complex and large and includes information that is structured as well as unstructured. Various mediums such as log files, sensors, computers, satellites and microphones are generally used to collect this type of data. It follows, then, that viewing, processing and managing such large quantities of data is not an easy task, especially when using conventional tools.
However, the benefits outstrip the concerns and can potentially change the way companies strategize and operate. The fact is that companies that have effectively integrated strategies based on big data can make decisions much faster and get much better return on investments than their competitors.
The Effects of Big Data
Frankly, big data is growing every day as is the speed of information. This offers both challenges and opportunities to businesses. Companies are on the lookout for strategies that can incorporate the growing amounts of data in a streamlined and comprehensive fashion. As a result, various service providers are now offering data analytics solutions to specifically deal with the challenges that big data brings along with it. The solutions on offer can not only analyze this growing information but also transform the way companies manage their day-to-day operations.
Companies, of course, are lapping these solutions up. They recognize the fact that by accepting and using big data, cloud computing, analytics and mobility they can grow much faster than their competition, which sticks to convention.
Big Data Helps Your Business Perform
This complicated mass of information can yield a lot of insights. These insights then help companies identify potential customers and serve the customers’ needs. Experts have determined that these insights can allow your business to identify potential revenue streams, encourage innovation, determine what new products and services are needed and even identify and deal with patterns that could otherwise spell disaster. It is no secret that if you don’t have access to the right data and information, your ability to make the right decisions will be impaired. The insights gathered from big data allow you access to connections that weren’t obvious earlier and make decisions confidently.
Regardless of the size of your business and its age, it is strongly recommended that you integrate systems that are analytics optimized so that you can deal with changing data processing.
Luke Lonergan is a resident of San Carlos, CA, United States. Luke has completed his post graduate degree from Stanford University. He is a founder of Didera , a database clustering company.In 2000 he served as CEO and Chairman. Luke Lonergan’s background includes 16 years of management experience in computing technology ranging from innovations in big data, cloud computing to advances in medical imaging systems.
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#BIGDATA #PREDICTIVEANALYTICS #MACHINELEARNING #INTERNETOFTHINGS HUH? WHAT'S THIS? I thought the same thing once. It's a growing field & not enough women or minorities period are involved. Read on!.
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Luke Lonergan is a resident of San Carlos, CA, United States. He has completed his post graduate degree from Stanford University. He is a founder of Didera, a database clustering company. In 2000 he served as CEO and Chairman. Luke Lonergan’s background includes 16 years of management experience in [...]