Why
is Big Data analytics is important?
- Data, in today’s business and technology world, is basic. The Big Data technologies are driving to analyze this data for gaining vision that can help in making strategic decisions.
- The big data technology evolved at the beginning of the 21st century, and every technology giant is now making use of it.
- Big Data refers to massive and numerous data sets that may be structured or unstructured. This massive amount of data is produced every day by businesses and users.
- Big Data analytics is the process of investigating the large data sets to underline insights and patterns. The Data analytics field in itself is massive.
- The reason why Big data analytics important
- Cost reduction. Big data analytics bring serious cost advantages when it comes to storing large amounts of data and they can identify more efficient ways of doing business.
- Faster, better decision making. The speed of big data analytics, mixed with the capability to analyze new sources of data, businesses are able to analyze information immediately and make decisions based on what they’ve learned.
- New products and services. With the capability to meter customer needs and satisfaction through analytics comes the power to give customers what they want. Big data analytics helps more companies to create new products to meet customers’ needs.
- Who uses big data analytics?
Think
of a business that depends on quick decisions to stay ambitious, and
most likely big data analytics is involved in making that business
grow. Here’s how different types of organizations might use big
data analytics:
- Healthcare
- Big data analytics maintain Patient records, health plans; insurance information and other types of information can be difficult to manage but are full of key insights once big data analytics are applied.
- With the help of big data analytics, it analyzes large amounts of information both structured and unstructured. So that health care providers can provide lifesaving diagnoses or treatment options almost immediately.
- Government
- Many agencies use big data analytics this technology plan operations while giving the agency a more comprehensive view of criminal activity.
- Data analytics help them with some trouble in law enforcement agencies, which are struggling to keep crime rates down with relative resources.
Conclusion
