Enabling New Business With Big Data Application
Technological innovations over the years has led to growth in cloud computing and mobile technology which has further led to explosion of mobile networks paving the way for accumulation of large volumes of information.
However, in the aggressively competitive business environment the
availability of volumes of data not only challenges enterprises across various industrial sectors but is also a source of competitive advantage. The digital information has today thus become at par with the organizational assets and human resource. The digitization of the business environment has facilitated the generation of large volumes of data referred to as Big data. With the growth of internet enterprises have established their presence in the online world through their brand websites which deliver information about products and services. Further, the social networking sites, online surveys and product reviews also collect a vast volumes of information. The vast amount of digital data or big data is thus made up of both structured and unstructured data and can be used by the enterprises for their benefit and enabling new business with big data applications. However, since storage of such vast volumes of data becomes challenging for the enterprises. Nevertheless, the advent of new technologies for storage, network and computing has facilitated enterprises with bulk storage applications which helps them meet the storage challenges and help to efficiently harness the power of information. Big Data which is characterized by volume, velocity variety and veracity is today becoming the buzz word in the business environment.
estimates that enterprises effectively utilize only 5% of the available digital data. Enterprises need to understand that this helps increase the business value. The advent of big data technologies and techniques will help enterprises harness the full power of information. However, as big data exceeds the processing capacity of conventional database systems, enterprises today make use of the new-age bulk storage applications which integrated with big data analytics helps enterprises drive in efficiency, quality and higher levels of customer experience. The vast amount of data generated comes in from organizations and people involved in research activities of science and technology, through various interactions and communications across government establishments, corporate sectors, market and international agencies and the online marketplace, thus providing transparency and enabling new business with big data applications across LeadFormix
various industries. Further, by combining resources enterprises can make big data techniques complement business intelligence unlock the value of critical data. Big data analytic programs being more effective provides enterprises with a front view of business performance and also brings in opportunities that would enable new businesses. Read More About: Dedicated Servers Virtual Private Server, Big Data Applications Need Big Data Monitoring, Grid Energy Storage Applications, Polymers Medical Applications, Storage Server Overview