Share On

Big data is the act of collecting huge amount of enterprise data that can be used for future analysis. Big data helps all kind of industry data to grow securely that includes government, banking, retail, education and healthcare.

Big data stores all kind of data including structured, unstructured and semi structured data, which contains valuable information about core functions of an enterprise such as finance, marketing, procurement.  

Big data has two parts, one is variability and other one is complexity. Big data helps organizations to make smart decisions by finding the root cause of failure, which can be done by data analysis. It also helps in detecting risk and fraud before it affects the organization.

Big Data

The Importance of Big Data:

Big data is an advancing term that describes a large volume of structured, semi-structured and unstructured data that inundates a business on a day-to-day basis and if managed well, it can deliver powerful insights. The importance of big data doesn’t revolve around the amount of data but what organizations do with the data matters. Big data highlights new data analysis and data management technologies that enable organizations to analyze certain types of data and handle certain types of workload that were not previously possible.

Big data analytics examines large and varied data to uncover hidden patterns, customer preferences, unknown correlations and other useful information that can help organizations make better decisions and strategic business moves.

Choosing the right big data solution for your business is critical to ensuring a successful big data project. With such vast options of big data analytics solutions, identifying key difference between solution providers is quite difficult.

When big data is combined with high-powered analytics, many business-related tasks can be accomplished such as:

  • Determination of root causes of real time failures, issues and defects.

  • Detection of fraudulent behavior before it affects your organization.

  • Recalculation of the whole risk portfolios in minutes.

  • Based on the customer’s buying habits, generation of the coupons at the point of sale.

  • Ultimately, a Big Data ecosystem should allow you to store, process, analyze and visualize data.

 

Building Successful Big Data Solutions

White Paper By: xPatterns

Building successful Big Data solutions is all about taking advantage of volume, velocity, variety and visualization through analytics and making it accessible to all.  Building successful Big Data solutions is all about taking advantage of volume, velocity, variety and visualization through analytics and making it accessible to all. This Big Data whitepaper addresses...

BIG DATA 2.0 - Cataclysm or Catalyst?

White Paper By: actian

Four undeniable trends shape the way we think about data – big or small. While managing big data is ripe with challenges, it continues to represent more than $15 trillion in untapped value. New analytics and next-generation platforms hold the key to unlocking that value. Understanding these four trends brings light to the current shift taking place from Big Data 1.0 to 2.0, a...

Big data, Real-time Marketing Requires Strategic Alliances, Cutting-edge Technologies

White Paper By: TURN

Sophisticated digital marketing technology, and the dramatic increase in always-connected consumers, is increasingly pushing marketing onto the center stage of corporate strategy. Ad campaigns launched on advanced technology platforms, which include tools to perform instant analysis of huge amounts of data, enable marketers to target campaign results and ROI in ways they could only dream about...

Building the Bridge Between Finance and Operations for More Effective Enterprise Project Planning

White Paper By: Platinum DB Consulting

Corporations across the full spectrum of industries have been planning and executing projects since their founding. Across the passage of time methodologies and processes mature, tools are introduced and enhanced, knowledge is acquired and shared, practices (both good and bad) become ingrained into the corporate culture. For many of these businesses anything greater than a minor change to the...

Best Practices of Using Remote Agents to Improve Direct Marketing Conversions

White Paper By: LiveOps.

Many companies today are addressing the challenges to improve direct marketing conversions by using remote agent solutions – an innovative, cost effective approach to meeting unpredictable and specialized call center requirements. This white paper on “Best Practices of Using Remote Agents to Improve Direct Marketing Conversions,” helps to understand the benefits of...

Bridging the Last Mile to Healthcare Analytics

White Paper By: Metric Insights

Many healthcare organizations have implemented Business Intelligence (BI) tools for healthcare analytics in the hopes of making their operations data-driven and therefore more effective.Yet,despite the investment of billions in these tools, the technology has under-delivered on its promise. This white paper addresses seven areas on which a healthcare IT organization should focus to ensure...

2017 All Rights Reserved | by: www.ciowhitepapersreview.com