While data is related to food, like bacon, this is not particularly what interests us. Big Data puts bacon on the table because of its ties to money; saving money and wealth creation.
Yes, Data Scientists earn a pretty penny, but it goes far beyond this. Big Data processing and Big Data analytics are helping us to globalize our businesses and our economy. Those that utilize data analytics in their companies have a competitive advantage.
It helps companies discover inefficiencies they never even knew existed. More importantly, it provides the insight necessary to find solutions to those problems. It saves companies money. It also makes companies more money, by expanding their customer base.
It is building a better tomorrow, by better educating our children. Using data analytics, teachers can better identify what challenges students are facing, and ways to overcome those challenges. Higher education programs are also building programs to teach data sciences and data analysis to students to expand our Big Data Processing capabilities.
Big Data is creating wealth around the world; and bringing more bacon to our tables.
As the new year approaches we all begin to dream about what the future holds for us. Everyone begins to make New Years Resolutions and promise they will change for the better.
Will this be the year my business really takes off?
How can I change my business to be more lucrative this next year?
One of the best ways to make changes in your company and ensure you stick to them is to implement a more efficient plan. Big Data Analytics is an excellent way to be more efficient- and the more efficient you are the more money you save.
Businesses must know how to use and manage their data in order to benefit from it. Here are three tips on how to utilize Big Data in your business toensure the biggest ROI.
Hire the Right People
In order to understand Big Data it must be analyzed. This takes a certain type of person with strong mathematical and analytical skills. Data Scientists must be able to understand the different coding languages and crunch numbers quickly. This is a job that is not for everyone, but is a profession that is growing in popularity due to a high demand for analysts.
Use What You Have
If you already have an IT team be sure to utilize them, chance are they already have the basic knowledge needed for Big Data Analysis. By training the resources you already have you save your business time and money that would otherwise be spent on the hiring process. Having a strong team of data scientists is what sets successful companies apart from many others.
Don’t Be Afraid to Ask for Help
A lot of companies that use Big Data are not Big Data experts by any means. Depending on the company sometimes it is cheaper and more efficient to outsource your Big Data needs. There are an array of companies that specialize in Big Data contract work for other companies and can be a great asset when it comes to understanding your data.
The best way to make sure you get the most out of your Data is to look at your company and decide how and where Big Data can be most useful to you. Every company is different and therefore will use Big Data in different ways, but if you follow at least one of these tips you are heading in the right direction for improving your company this next year!
As a child I can remember watching the futuristic life of The Jetson’s on Saturday morning cartoons and thinking “wow that must be a long time from now!” But this is not necessarily the case. With the immersion of Big data and its widespread application, we are beginning to see “The Future” much more quickly than we expected.
Now that Big Data Analytics has been around long enough to no longer think of it as a magical, all knowing, wonder tool, companies are now used to Big Data and understand how to manage it. Big Data has become a mainstream, ordinary process in the work place. With Big Data being more manageable and easy to understand, it is now being applied to many different new and exciting projects. Big Data is being utilized in Artificial Intelligence, Natural Language Processing, and Machine Learning.
Artificial Intelligence is being developed in forms anywhere from robotics to the Internet of Things. Big Data is being heavily utilized in Natural Language Processing to enhance applications such as Apple’s Siri. Natural Language Processing is something we can expect to see a lot of a The Internet of Things continues to make a bigger presence. Machine Learning will make its mark as algorithms continue to be developed to ensure efficiency and minimal human intervention. Between these three sectors we are looking at the world of The Jetson’s being very near.
For as long as I can remember, my mother would be the first one out the door for Black Friday Sales and spend days at malls shopping for the best price on Christmas gifts. For most people this is a pretty typical example of how holiday shopping gets done.
With technology becoming increasingly more popular and almost everyone owning a smartphone, holiday shopping is going mobile. Google shows that over half of this year’s holiday shoppers planned to buy their gifts online. As Big Data continues to aid companies in advertising more accurately, the online shopping experience is easier and more accessible than ever before.
Now that online is becoming the preferred method of shopping, the mad rush in the stores is all but gone. People are saving time by conveniently shopping on their smartphones or from their home computer. But of course with an upside always comes a downside. The more people shop online, the harder mail deliverers have to work to get those gifts to their homes by Christmas.
Postal Service, UPS, and FedEx workers are putting in extra long hours of hard labor to ensure you a merry Christmas morning, so please be kind to your mail man and thank him or her for their sacrifice this holiday season!
With Big Data continuing to make its mark in numerous different industries and the internet Of Things on the rise, what can we expect to see out of them in the future?
This time of year everyone starts to predict what the future will hold, what trends will be all the rage and whose products will be the most successful. It is pretty safe to say that Big Data will continue to be improved and utilized in more ways in the future. The Internet Of Things is definitely on the rise, but what can we expect from it in this upcoming year?