Analyze and Capitalize on Big Data

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Big Data has brought about a change in the way enterprises are looking at storing and consuming data. With the advancement in technology, organizations are struggling to manage and analyze unprecedented amount of data in enterprises coming from varied sources.

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Analyze and Capitalize on Big Data

  1. 1. Analyze and Capitalize on Big Data Big Data has brought about a change in the way enterprises are looking at storing and consuming data. With the advancement in technology, organizations are struggling to manage and analyze unprecedented amount of data in enterprises coming from varied sources; structured from traditional sources, unstructured data in the form of log files, documents, social media data, sensors, audio, video etc., apart from data in motion and at rest. According to research firm IDC, the big data market will grow revenue at 31.7 percent a year until it hits the $23.8 billion mark in 2016. The exponential growth of big data has brought in new and advanced technologies and tools that can manage and analyze this data. The amount of digital information in the world is more than d oubling every two years. Enterprises are unable to handle these huge volume, variety and velocity of datasets, as they face challenges such as, scalability and lack of speed and performance necessary to get meaningful results. They need solutions that ca n analyze this external and internal data and transforms it into meaningful information that can be an asset for the organization. Today in the technologically advanced world, web and mobile apps, distributed sensor networks and cloud computing clusters are all interconnected and increase the volume and velocity of data. This data needs advanced data capture and analytics tools that can help analyze and provide meaningful information so that organizations can capitalize on their ability to monetize big data. Companies can take advantage of Big Data in day-to-day operations and strategic analysis using Hadoop platform. Hadoop technology is used by Yahoo, Facebook, LinkedIn and eBay among others to manage and analyze the big data. You can solve Big Data problems, whether it is developing algorithms on Hadoop to solve large computational problems, or building Text Analytics techniques to analyze unstructured text and perform sentiment analysis, Big Data solutions can meet all business requirements. Best Big data service offerings from service provider can help or present optimal ways in which big data can be harnessed. They help build a big data strategy for you to get where you want to be and identify the tools that can help you get there. Thus Big Data solutions can transform the way you do business, improve your customer experience, can help you meet regulatory requirements more effectively and enable you to innovate more. Also read about- product engineering services provider

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