It is no hidden fact that Big Data Analytics with time has become a crucial ingredient for enterprises around the world.
Further, Big Data Analytics is vital because it retains the existing customers using data banks and saves money.
According to the studies conducted over various industries, companies require more dollars to acquire new customers than to retain the existing ones.
The most significant advantage that the big data analytics service provides is that you don’t have to adjust to the process of the analytics; the analytics will do that for you.
Natural Learning Processing gives another level of comfort to the users by making the process of asking the question as simple as the Google-like search.
In today’s dynamic business world, the key to success is the speed with efficiency.
The exponential growth of global data that started a decade ago is not going to show any signs of slowing down anytime soon.
Instead of slowing down, it gets increased further through the internet, media files, text messages, social networks, and online searches.
The IoT sensors and devices further add to this share of data, making the Future of Big data something to look forward to.With the world being powered by big data right now, it is making the companies more reliant on the Big Data Experts, with the ability to make the best use of the potential of data processing.With the data volumes reaching unforeseen heights, what does the Future of Big data look like?
Read on to know what Way2Smile's experts have to say about the Future predictions of Big Data.Learn more at Big Data Predictions for 2020-2025.
Big Data Analytics is a growing field, and many companies are interested in it.
Businesses have understood that they are wasting a golden opportunity by not collecting and analyzing the data they receive from their customers and visitors using Big Data.
It is not just that Big Data as a technology is trend, there are various trends in Big Data as well that are doing the rounds and catering the best piece of the cake to the businesses based on various industries.The growth of big data market is expected to be phenomenal, and according to a report by Frost and Sullivan, the data analytics market is expected to grow at a CAGR of 29% to $40 billion by 2023.This explosive growth has prompted many Big Data Analytics Firms to come up with great solutions.
Having a leading company providing the best Big Data Services to solve your issues and to gain the immense benefits that big data analytics offers can help your business go a long way.Before you dive into the exciting world of Big Data, it is essential to know some basics.Types of Big Data AnalyticsDescriptive AnalyticsDescriptive analytics deals with summarizing raw data and converting it into a form that is easily digestible.
Also, by using descriptive analytics, one can easily infer in detail about an event that has occurred in the past and derives a pattern out of this data.One of the most crucial data analytics, descriptive data analytics helps in revealing critical information about a business.
It is impossible to create ideal Business Intelligence tools and dashboards without conducting robust descriptive analytics.Descriptive analytics helps in addressing some fundamental questions of data analytics (4Ws One H).
Big Data Analytics has opened a treasure trove of opportunities for businesses all around the world.
As we know, our present computing system uses binary numbers 0 and 1.
Google gave a set of calculations to Sycamore, and the processor gave the results in 200 seconds, an astonishing feat considering that the same set of calculations would have taken 10,000 years for the fastest supercomputer in the world.
It will help in identifying underlying patterns and taking faster and better decisions related to water management, traffic management, disposal of municipal services, and in other areas.
The human emotions are measured using a variety of sensors and AI, which include gyros, high-speed video cameras(to detect the facial expressions), Accelerometers, Audio, Heart rate Sensors, Skin conductance Sensors, to name a few.
This presents a massive opportunity for companies providing Big Data as a Service (BDaaS).
