Trending Big Data News

Big Data Analytics has opened a treasure trove of opportunities for businesses all around the world. Opportunities that were previously unheard of have opened up, and enterprises have started analyzing the data related to their business and thus increased the need for big data services globally.

Analyzing data collected at various points during the consumer’s interaction with the business is proving to be a vital tool in the arsenal of enterprises.

Lets Peep into the exciting Big Data Analytics Trends for the businesses.

Before big data and cloud computing brought to the table, the organizations were looking for the ways to better handle the mountain of data, and now, they are looking for the ways on: how to act on the insights driven from the data? The one-two punch technologies are making massive changes across the universe. No industry is left untouched with the benefits that technology offers and the hidden potential of the data that it unlocks.

The symbiotic relationship between big data and cloud computing not just reduce the strain on infrastructure to analyze the big data at speed, provide easy access to information anytime, anywhere, keep the data secure, and no hassle of maintaining the data, which has rewarded the adopters with tremendous benefits. The Google, Facebook, youtube and other social media giants have perfectly leveraged the technology to understand the user behavior, increase the retention and improve the bottom line.

Let’s see how the endless possibilities created by the big data and cloud computing bringing measurable advantages to the table...

“Without Big Data, you are blind and deaf and in the middle of a freeway”– Geoffrey Moore

How about when the variety and volume of data are valued by the businesses and integrated with mobile app analytics? It will become a big thing. Yes, the mutual relationship of big data and mobile app enable the businesses to gain insights from the data and convert it into a meaningful action.

Let’s understand the relationship of big data and mobile app technology with an instance...

When it comes to the insurance industry, the cut-throat competition always forces the companies to use innovative and deliberate ways to get a competitive edge over others. It is one of the most competitive markets. Furthermore, it is also a business sphere that is less productive and mostly functions on available data, statistics and information from various sources due to its sheer dependency on risk.

Traditionally, insurance companies had limited data and information to use for risk assessment, fraud claim findings, unique product offerings and to improve customer experiences by offering impeccable services. However, the scenario has changed dramatically after the introduction of Big Data.

Here, let us examine various Big Data use cases which can help the insurance industry to come up with different customer-centric strategies and plans.

The two components, Structured data and unstructured data are called the success pillars of Big Data Analysis. Lets' look into its importance

Artificial intelligence, the term which was coined in 1956 at a workshop at Dartmouth College was remained dormant for the decades, even after a lot of research done in the same field. However, if we observe the last decade, AI technology has become a transformative force of the 21st century. It crops up a question- WHY.
Let’s see how the data-first approach when combined with artificial intelligence improves the business intelligence alongside brought a slew of benefits:

The advance of Technology has made the world a ‘Global village.’ Besides bringing the world together, Technology has created a plethora of employment opportunities, as a myriad of startups is growing around the planet. Be it healthcare, entertainment, sports, mobile app development, education, online shopping, travel, etc. you will find a startup which has now become a market leader. We have many examples of such startups as Uber, Zomato, Amazon, Byju, Practo, etc. While all these startups started on a minuscule note, with their advancement, Big Data has come in handy in maintaining their work and conducting essential analysis in a synchronized manner.

Big Data is a systematic way to maintain information on a vast scale, thus helping the startups to store all the essential data at one place. More than half of the business enterprises around the world use Big Data, and by 2020, the magnitude of Big data will rise to 44 trillion gigabytes. Thus, for Startups to not fall behind the trend, they need to include Big Data into their system for sustained growth.

Few ways to understand how and why Big Data is essential for the growth of startups:

Imagine a situation in which you are provided with data that is written using texts. Now, imagine another scenario in which the same data is presented using a pie chart, which one will you prefer? You will definitely go for the second option.

According to a study conducted by MIT, ninety percent of the information passed on to the brain is visual. Hence, it is evident that the decision-makers of your organization can understand difficult concepts easily with the help of data visualization.

Let us begin by learning the meaning of the term ‘data visualization,’ followed by the advantages of the same.

The advance of Technology has made the world a ‘Global village.’ Besides bringing the world together, Technology has created a plethora of employment opportunities, as a myriad of startups is growing around the planet. Be it healthcare, entertainment, sports, mobile app development, education, online shopping, travel, etc. you will find a startup which has now become a market leader. We have many examples of such startups as Uber, Zomato, Amazon, Byju, Practo, etc. While all these startups started on a minuscule note, with their advancement, Big Data has come in handy in maintaining their work and conducting essential analysis in a synchronized manner.

Big Data is a systematic way to maintain information on a vast scale, thus helping the startups to store all the essential data at one place. More than half of the business enterprises around the world use Big Data, and by 2020, the magnitude of Big data will rise to 44 trillion gigabytes. Thus, for Startups to not fall behind the trend, they need to include Big Data into their system for sustained growth.

Here are a few ways to understand how and why Big Data is essential for the growth of startups:

Humans have produced 18 zettabytes of data till now(1 zettabyte=1 billion terabytes). The figure is going to rise further with the onset of IoT devices. According to a report by IDC, the number of IoT devices is going to reach 41.6 billion by 2025. Businesses today are leveraging the benefit of Big data to their advantage by either analyzing the data sets themselves or by opting for an efficient service provider from the list of Big Data Analytics companies for hire.

In this article, we shall get to know some basics about Big Data and also see how, through ‘SALES’, you can get the most out of Big Data. Let the games begin!

Big data analytics is the hot new trend which is dominating the industry circle talks today. The potential of Big Data Analytics is immense, and businesses all over the world are taking the help of professional Big Data Analytics companies to sift out valuable information from the data that they collect.

Read more : Big Data can help bring in Big gains for your business

We need no rocket science in understanding that every business, irrespective of their size in the modern-day business world, needs data insights for its expansion. Big data analytics is essential when it comes to understanding the needs and wants of a significant section of the audience.
Read more: Big Data can be The ‘Big’ boon for The Modern Age Businesses

Artificial Intelligence (AI), if applied in business, will provide cutting edge innovation to the companies and will transform their work procedure. Along with Big Data, AI becomes a formidable force that has all the ingredients to take your business to unprecedented heights.
Read More: Artificial Intelligence and Big Data​: The super team to take your business ahead

Big Data Analytics has brought a paradigm shift in the business realm. New-age companies understand the need for gaining invaluable insights about their business through the application of Big Data. And this is why Hadoop and Spark have emerged as reliable solutions for processing Big Data. There are a number of supporters for both and the expert Big Data Analytics Companies decide amongst the two based on the various factors and after knowing the requirements from the businesses looking for a solution.

Read More: Hadoop vs Spark: Which is a better framework to select for processing Big Data?

Logically, the businesses are established and run by the human, but soon the machines will overtake the businesses by taking control over operations with the higher level of human intelligence. Yes, it’s soon to happen. When the computers will become the natural extension of the businesses where they can see, understand, interact and make the decisions at an accelerating rate just like the human does. It’s stupefying!
Thanks to the unmatched combination- artificial intelligence and big data that has made it possible.
It’s the reason, AI with big data has taken the driver seat and standing the businesses on the verge of digital disruption through customer segmentation, personalized marketing, predictive analysis, former risk analysis, predictive analysis, and automation.
Read More: AI With Big Data — The Logical Way Of Improving Your Business

The shift towards bringing structured data analytics and unstructured data analytics together is gaining momentum in the big data ecosystem. The businesses are favoring the dramatic shift of considering both data type analytics as opposed to one data format as they are providing returns exponentially due to the powerful insights. The future of data lies in the power of incredible insights that enables businesses to make smarter decisions, and stay ahead of the curve.
This is why accelerated big data universe is now considered as blessings rather than a curse. Bring unstructured data into the big data equation to enable better decision-making and make the business future-proof.
The two components, Structured data and unstructured data are called the success pillars of Big Data Analysis. Lets' look into its importance

Big Data is and will be a deciding factor in shaping the future of any startup around the globe. And as we know, the usage of big data is not limited to just the market leaders but to the budding startups as well. Information is the most treasured possession a startup can have in its journey, and indeed, Big Data will be the apt ally in making that journey worthwhile and successful.

Big Data Analytics is the next big thing in business, and it is a reality that is slowly dawning amongst companies. With this article, we have tried to show you the importance of Big Data in business and urge you to take advantage of this immense business opportunity.
Hire experienced Big Data Analytics Companies to attain your objectives in business. Big Data is the technology that is responsible for improving the productivity of your business by providing better visibility about the business processes to the decision-makers.
Read in Detail: How you’re losing money by not opting for Big Data Services?

We are entering a new age in terms of data analytics. Sophisticated AI, machine learning systems, and stuff like NLP and data quality management will increase the efficacy of data analytics systems shortly. The power of data is going to be multiplied exponentially with the use of the technologies mentioned above.
If your business is not thinking about using this power, then you might be on the verge of losing out a fantastic opportunity. Data analytics will help you to get a leg-up on the competition and understand your customer as well as the market in a better manner. It is advisable to hire the top big data analytics companies, which will help you in leveraging the power of big data.
Read in Detail: Top trends to watch out for in Data Analytics

Big data analytics is the hot new trend which is dominating the industry circle talks today. The potential of Big Data Analytics is immense, and businesses all over the world are taking the help of professional Big Data Analytics companies to sift out valuable information from the data that they collect.
By investing in Big Data Analytics, you will not only realize substantial gains in your business but also secure your business against future problems by identifying problem creating patterns today. Big Data Analytics puts the power in your hands and allows you to utilize your resources efficiently. In whichever business you are, your company is currently sitting on a data goldmine, and you can quickly uncover this goldmine by employing the services of efficient Big Data Analytics companies and putting your data to use.
Know More: Big Data can help bring in Big gains for your business

The biggest advantage that the enhancement of modern technology has brought to the businesses is that it has given access to business of all sizes to get rich. Big Data has played a major role in defining the expansion of businesses of all kinds as it helps the companies to understand their audience and devise their business techniques in accordance to the requirement.
The importance of ‘Data’ has been spoken very highly in the modern day business. Thus, while using big data analysis, the companies must keep away from these minor mistakes otherwise it could have a major impact on their performances. Big Data analysis can be the silver bullet that can answer your questions and help your business to scale newer heights.

Read to know more: Silly mistakes that can cost ‘Big’ in Big Data Analytics

Big Data has given a paradigm shift to the way companies use data to offer more customized services and ultimately, to improve user experiences. The insurance industry that is completely dependent on data possession and management has gained much with such a large amount of data. Nowadays, almost all the insurance companies have realized the potential of Big Data and started amending their strategies and policies accordingly.
Read Full Article in Detail: How Big Data Analytics Helps the Insurance Industry to Serve Customers Better

We live in an era where almost everything we eat is either adulterated or contaminated. However, breakthrough IoT and Big Data Analytics technologies can help with food safety and security.
IoT and Big Data analytics can play a huge role in making this vision a reality for everyone. We just have to make sure that IoT and Big Data are included at every point in the food harvesting, processing, and transportation process.

Read in Detail: How an Amalgamation of IoT and Big Data Analytics Can Make Our Food Safe?

Know how Machine learning methods help organizations to resolve Big Data storage problems.
Data is gold for the business and storing it in the best possible manner is crucial for the advancement of any business. Apart from storage, data security is of paramount business and Machine Learning with Artificial Intelligence does this job in the most competent manner. Including Machine Learning will not put any extra burden on your pocket and thus it is quite feasible for the new age budding startups to incorporate ML and be sure about the storage of their data from the word go.
Read in Detail: Machine learning proving to be a boon for Big Data Storage Problems

Learn how Big Data Analytics helps eCommerce businesses to use data more effectively for improving user engagement, increase sales, and better ROI.

Using Big Data Analytics, you will be able to gain a higher and more in-depth understanding of your business. An eCommerce business entails managing many separate functions like inventory, supply chain, marketing and sales, production, and so on. Big data analytics will improve your operational efficiency in all these areas and help you in gaining an edge over the competition.

Read More: How Big Data Analytics can effectively revolutionize eCommerce Businesses?