With the requirement of business enhancements along with improved customer experience, every business, governmental institutions have started utilizing the power of Big Data.
Big Data is a term used to describe a collection of data which is huge in volume and growing exponentially with time. For the complete maintenance of such big data, traditional data management tools will be sufficient for the process. It covers data mining, data storage, and data visualization also.
Let’s dig in some of the advantages of Big Data:
- Big Data analytics tools prove beneficial hence it enhances operational efficiency and reduces risks.
- To enhance the overall customer experience, business around the world are streamlining their strategies and on the additional note, Big Data analytics offer customer insights so that they can make their products and services in a better way.
- Saving you both time and money is also an extra beneficial side of Big Data since it combines useful data from multiple resources to produce the highest in actionable insights.
- Secure a personalized experience with a better understanding of customer behavior with the help of Big Data insights. In this way, you can offer customers better offers and make yourself ahead among other competitors.
Where Big Data is used?
Medical professionals have started utilizing Big Data to offer personalized healthcare services to every patient. In addition to this, it can also help you manage remote monitoring, telemedicine, and fitness wearables.
- Banking Sector
In real-time basis, big data tools can be useful to efficiently detect fraud acts such as misuse of credit/ debit cards and other tracking acts also.
- Manufacturing Sector
Big Data helps to create a transparent infrastructure, therefore, improving the supply strategies and product quality. It is helpful in predictions that can affect the business adversely.
- IT sector
One of the biggest users of Big Data is the IT companies. They utilize it to optimize functioning, enhance employee productivity, and minimizing risks in business operations. To utilize it in a better way, many companies are combining Big Data technologies with AI to get the most benefits out of it.
Hence Big Data is the most beneficial aspect of business improvements. With the growing demand in every field, Big Data analytics services are utilized for revenue management, transportation services, and a lot more services to be ahead in this competitive world. Hence become a winner by utilizing Big Data.
Wonders of big data in healthcare sector
Data can work wonders in any business sector if processed and mined properly. It has been playing a crucial role in improving services of various businesses based on their past records, future predictions, and present interpretations. Talking about healthcare sector, data has a great importance in providing best services to the patients. The big data storage of the healthcare industry includes storage of hospital records, medical records of patient, other related information of devices working for the treatment. With every successive day, healthcare sector is growing and the biomedical researches conducted for this development are also having a huge contribution in generating big data. Storage of all the above mentioned details is important for a smooth development of healthcare industry. Big data technology is being a robust pillar to support medical sector in storing, processing, and mining it out when required.
The data bustle
The data storage and flow is increasing gigantically taking a great leap in the digits. As per a study conducted on the big data generated, storage and transmitted all across the world, it has been depicted that in 2003 the numbers of data generated was 130 exabytes which has been expanded to the level of 16000 EB in the year 2017. It has been predicted that in the year 2020 the numeric value of big data development and storage will reach a figure of 40,000 EB and almost it has become true. The digital universe is expanding swiftly and to control all these fast paced activities we need a potential tool that not only can satisfy current need but also can upgrade with the increasing requirements.
A permanent solution for the data requirement:
There are certain inter based platforms that allow you to manage data but current data generation requires a flexible platform that can shape based on the data management requirements. It is assisting various healthcare professionals to store their patient’s health report, diagnosis, and also details about their organization for long time and retrievable from any device.
Big data: A strong weapon against rising cyber security attacks
The world has went digitized where every single requirements is been satisfied with few finger touches on their mobile screen or other digital screens. Digital world has given space for several businesses which has also given a room for cyber theft and hackers. The abruptly growing digitized world is undoubtedly assisting businesses to grow till sky high level but on the other hand it is also putting all those businesses at a higher risk of cyber-attacks as most of these businesses are based on crucial and confidential data. These businesses can be protected from such attacks and thefts with the help of big data.
Cyber security threats:
Corporate security word is almost disappeared from the business world and it is because of growing interconnectivity of digital devices using internet. Data protection was ever a concern for so many businesses and it was ever done with great tools, but in the recent hi-tech world the potential of traditional data security tools are not enough to secure it from various threats open from distinct vertexes. Now we need a tool which is smart and can detect malicious activities in the network at a very prior stage and can put an end to the treat before it penetrates in the loop.
How big data analytics is a perfect fit for cyber security?
Cyber security demands a thorough check on the data saved and also a sharp keen eye on the data detection. Here comes in the importance and play of big data. The data security needs complex data analysis, real time check, correlation of various data available and other activities. These activities require advanced analytics and large data processing and this can be finely done by using big data analytics and management. Big data security analysis is one of the most potent tools for data security and is capable of facing all the challenges offers by the latest digital platforms and advancements.
An introduction to big data
Data storage is really crucial; either you talk about a business or an individual. When it comes to store a huge amount of data for a longer duration then it becomes almost hectic and impossible to maintain. Since so many decades several organizations working on various data and paperwork are struggling with the same, but not anymore. A new technology has been emerged and is named as big data. This is a unique method to store and maintain structured, semi structured, and unstructured data at the same platform which can be excavated anytime for reference. The usage of big data is so wide and it has been playing a crucial role in the backend to support other major technological advancements, such as machine learning, advanced analytics applications, predictive modeling, and many more.
Importance of big data:
There are several organizations which completely depend on data and digging out old data, processing it manually was a difficult task and also time consuming. Incorporation of big data has assisted several business domains to hasten up their process by maintaining a sorted data available on the go. With the help of big data, companies now can serve better customer services by making it customizable. The big data allow you to know your customer’s preferences and store them for future use, facilitating you to serve customized services based on their interests. This technology has boosted sales and revenue of myriad businesses.
Big data opportunities for a better world:
Big data have a great scope in various industries, but in the world of robotics it is making miracles. Incorporation of this technology with other scientific advancements such as robotics and artificial intelligence, it has made process faster and easier. The scope of big data has accelerated exponentially in various sectors, such as health care, banking and finance, education, retail, manufacturing, travel and tourism, and many more. It also has played a great role in providing robust security to the secure their valuable data.