by Jeya Mani Maran
The Information Technology (IT Industry) has been the backbone of multiple business and industries like manufacturing, retail, banking and so on. With growing business needs and consumer preferences in various industrial verticals their lies a problem among the IT sector to answer questions and to help the business know the unknown.
The one solution to all requirements that IT industry had was Big Data Analytics. Before the introduction of Big data analytics analysing the non-relational or large-scale data which are structured and unstructured was impossible. Big data was first embracedby the tech giants from Silicon Valley. Understanding the benefits that it could bring to any business; the word Big Data became a buzzword among the technology advocates. Big data provided a new approach to data analytics by introducing modern technologies and forecasting methods.
Big Data brings several advantages to companies. It allows higher transparency of information inside the organizations, enables broader, deeper and more accurate insight, therefore improves decision - making. It gives companies the possibility to create more complex and complete image about the customers and therefore offer tailored products and services.
According to IBM, we produce 2.5 quintillion (2,5 x 1018) bytes of data every day and therefore 90% of data in the world today was formed during the last two years.
The biggest challenge that most organizations are facing now is to create a "data-driven" culture as organizations now still rely more on their “intuition” than on data mining for decision-making. Top level management should emphasize on the importance of the data and help organizations in adopting a model where employees can maximize the use of data.
When considering your Big Data projects and architecture, there are several challenges that need to be addressed:-
Value and return on investment are critical to make the right strategic decisions. Like for any IT investments, Big Data initiatives should be measured and returns need to be demonstrable. Organizations are now looking for data analytics platform which is accessible and ready to use. They want a plug and play kind of technology that can be easily deployable and start getting insights from the word go.
Designed for enterprises, Big Data BizViz (BDB) Platform-A modern, business-user centric, focused business Intelligence platform that gives a 360-degree view of Data. It gives the fastest route to analytics. Its various plugins Big Data pipeline, NLP, Machine Learning, Predictive workbench, ETL, Cloud, Mobility, Self Service BI & Visualization act as All in One & can provide analytics Anytime, Anywhere on Any Device.
with our BDB platform, you can