Why is big data essential for an enterprise?

Anonymous User
Anonymous User
Asked May 31, 2016
In this era of advanced computer terminology, big data is referred as group of data sets which are extremely large and cannot be easily searched, captured, analyzed and visualized by available tools and techniques. In international markets, big data emerged during identifying business trends from so called data sets.

concept of big data has been around for years; most organizations now understand that if they capture all the data that streams into their businesses, they can apply analytics and get significant value from it.

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Answered May 31, 2016
Big data affects organizations across nearly all world industries. The first ones to gain the profit from analyzing the Big Data have been banks. In this field, it is equally important to understand customers and to boost their satisfaction, as well as to minimize the risks and fraud. In the field of healthcare, everything needs to be done quickly and accurately to satisfy patients as well as stringent industry regulations. Retailers need to know the best way to reach their customers as well as the most effective way to handle transactions. And this just the top of the iceberg, since Big Data offers many ways to improve a business. More details at this sourse: https://computools.com/big-data-challenges-and-solutions/
Answered Mar 14, 2019
Data, in today’s business and technology world, is indispensable. The Big Data technologies and initiatives are rising to analyze this data for gaining insights that can help in making strategic decisions.
Big data analytics examines large amounts of data to uncover hidden patterns, correlations and other insights. With today’s technology, it’s possible to analyze your data and get answers from it almost immediately – an effort that’s slower and less efficient with more traditional business intelligence solutions. So for large organization or enterprise it is most essential to analyses to customer behavior and tracking as per his interest.
Big data helps enterprise in these terms:
• Cost reduction
• Faster, better decision making
• Customer needs and satisfaction etc.
The importance of big data analytics leads to intense competition and increased demand for big data professionals. Data Science and Analytics is an evolving field with huge potential. Data analytics help in analyzing the value chain of business and gain insights. The use of analytics can enhance the industry knowledge of the analysts. Data analytics experts provide the organizations a chance to learn about the opportunities for the business.
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Answered Aug 09, 2019

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