We live in an era of unprecedented technological advancements, and we are generating more data on annual basis than ever before. When we think about the opportunities that are afforded by this generation of exorbitant amounts of information we can start to understand and interact with the world in a better way. Throughout the world,…
How Big Data Can Improve Manufacturing Efficiency
With the growth of technology and services, huge amount of data is generated every second. This produced data are structured, semi-structured and unstructured. We can use these data for our business goals and benefits. Big data analysis is not specific to one industry, it can extend to anything which we may even not heard of….
The Use of Big Data In Manufacturing Industry
Approximately 40 exabytes of data is generated every month by a single smartphone user that could be in the form of texts, phone calls, emails, photos, video searches, and music. Imagine this number gets multiplied by 3.5 billion smartphone users, that’s a lot of numbers for a mind to process, isn’t it? This colossal amount of…
Will Big Data be a Game Changer for the Banking and Finance Sector?
Big Data analytics is becoming a significant game-changer lately, especially within the last 5 years. One of the most competitive disruptive technology there is today, Big Data is often used as an analogous term for real-time analytics and customer analytics. Or, is at times used to denote a combination of technologies and contemporary methodologies used…
The Impact Of Cloud Computing On The Banking Sector
The Big Data revolution in the last 5 years has helped companies improve their capacities of accessing and mining data. And this rigorous exercise has directly burdened their IT servers further forcing the industry to zero on more effective, efficient and viable digital solutions. With the banking industry being the most immediate recipient of such…
How Big Data is Changing the Healthcare Industry?
If you want to find how Big Data is changing lives and making the world a better place, there’s no better example than uses being found for it in Healthcare. The amount of data we routinely generate and collect in pretty much everything we do has greatly increased in the last 10 years. And not…
How Is Big Data Transforming Business?
When the world saw the rise of the internet in the early 1990s, some of the world’s brightest minds began theorizing about what would later become big data. But in 1999, the term “Big Data” was first published. It’s 2020, and If you’re still thinking that, “Big data isn’t required for my business,” then you’re…
How Big Data Is Transforming Retail Industry
Personalization is the “new marketing”. In 2019, the chatbots took over marketing strategies of several companies, and it worked wonders. People got accustomed to customizing shopping suggestions and getting recommendations on their browsing history. The facilitator of this last mile (cart to checkout) marketing, is Artificial Intelligence, Machine Learning and analytics (Big Data). This combination…
Role and Impact of Big Data in the Accounting Industry
Big data can guide entities in evaluating their data assets by expanding vigorous assessment techniques. In doing so, accounting industries need to evaluate which data is adequate, choose a longtime valuation technique, and identify key suppositions. There’ll even be furthering of data value through stewardship and control. The thought here is that accounting industries can…
