Big Data Analytics processes a lot of data to reveal hidden patterns, connections, and different insights. Moreover, with the present technology, it’s possible to analyze data and find solutions from it very quickly – an effort that is slower and inefficient with the traditional business analytics solutions.
A few years ago, a business would have collected data, run analytics, and uncovered data that could be used for future decision making, today that business can use those insights for immediate decision making. The ability to work quickly, and stay fast, gives industries an edge they didn’t have before.
Why is Big Data Analytics important?
It helps industries to process their data and use it to recognize new opportunities. That, thus, promotes smart business decisions, high profits, efficient operations, and happy clients. It helps the industries in the following ways:
Reduction in Cost: Big Data Technologies like Hadoop and cloud-based analytics help in cost efficiency when it comes to storing large sets of data. In addition, they can recognize more efficient ways of operating the business.
Efficient decision-making: The speed of in-memory analytics and Hadoop, combined with the ability to process new data, industries are now able to analyze information instantly and continuously and are able to make quick decisions.
Development of Products and Services: With the capacity to measure the needs and feedback of the customers through analytics, companies now have all they need to provide customers exactly what they want. Hence, an increasing number of companies are now creating products to meet consumer needs.
Key Technologies in Big Data Analytics
There isn’t a single technology that comprises the world of big data analytics. Obviously, there’s advanced analytics that can be applied to big data, yet in reality, different kinds of technologies work together to get the most out of the information from big data. The biggest players in the market are the following:
Machine Learning
Machine learning, a subset of AI that enables a machine to learn, makes it possible to automatically and efficiently produce models that can do data analytics of complex data and deliver more accurate results as it adapts – even on a large scale. By building exact models, an industry has a better possibility of recognizing profitable chances and distancing itself from unknown risks.
Data Management
Data should be of high quality and well-represented before it can be analyzed; moreover, with data continuously flowing through the industry, it’s important to build and set up procedures to maintain the quality of the data. Once the data is stable, businesses should build up a program to keep the whole organization on the same page; regarding the management of the data.
Data Mining
Data mining technology helps companies to examine patterns or trends in the data. This information can be used to analyze data and answer important business questions. With programming, it is possible to sift through the disorder and noise of the available data, identify what is important; and use that information to survey the results, and quickly make educated decisions.
Predictive Analytics
This technology uses data, statistical calculations, and AI techniques to distinguish the probability of future results based on past data. It’s all about providing the best assessment of future events using data analytics; so that the industries can feel secure that they’re making the best possible decisions. Some of the most common examples of the application of this technology include fraud detection, marketing, and operations.
Hadoop
This system can store a lot of data and run applications on a bunch of equipment. It has become an important technology in operations of a business because of the steady increase in the amount of data and it’s variety, and it analyzes data quickly. In addition, Hadoop’s open-source structure is free and uses product equipment to store huge amounts of data.
All you need to know about Big Data
| Introduction to Big Data | Career Options after Big Data |
| 4 V’s of Big Data | Big Data for Business Growth |
| Uses of Big Data | Benefits of Big Data |
| Demerits of Big Data | Salary after Big Data Courses |
Learn Big Data
| Top 7 Big Data University/ Colleges in India | Top 7 Training Institutes of Big Data |
| Top 7 Online Big Data Programs | Top 7 Certification Courses of Big Data |
Learn Big Data with WAC
| Big Data Webinars | Big Data Workshops |
| Big Data Summer Training | Big Data One-on-One Training |
| Big Data Online Summer Training | Big Data Recorded Training |
Other Skills in Demand
| Artificial Intelligence | Data Science |
| Digital Marketing | Business Analytics |
| Big Data | Internet of Things |
| Python Programming | Robotics & Embedded System |
| Android App Development | Machine Learning |
