1. How Big Data Can Help Your Organization the Right way Big
data is beneficial for an organisation as it provides real
intuition to an organisation that can be used in decision making
and helps to improve the financial state of an organisation. Big
data is an advanced method to extract value from data. Big data
usually includes data sets with sizes beyond the ability of
commonly used software tools to capture, manage, and process data
within a bearable elapsed time. Developing SaaS (software as a
service) solutions for our clients let them to leverage the power
of cloud computing. Impact of big data strategy on an organisation.
Velocity Velocity can be defined as speed at which data is
produced, stored, examine and conceptualize. It was normal to
receive an update to the database everynight because batch
processing was common in the past and computers and serves used to
consume more time. Now in Big data era data is generated fast due
to availability of Internet connected devices, wireless machines
and devices. Speed is unimaginable because we upload so many videos
every minute and emails are sent at fastest speed . The
organizations have to cope with the enormous speed so that the data
is created and used in real-time. Variety Firstly the data
generated was structured data it was fitted in columns and rows but
now adays data generated by an organisation is unstructured data.
There are different types of data like structured data,
semi-structured data, unstructured data and even complex structured
data .The
2. data requires different techniques to store the raw data.
Volume In the coming two years the data generated will be double
then the past two years. The volume of data will keep on expanding
at enormous rate which will led to increase digital universe. It
can only be possible with the help of digital data. In the past the
creation of much data used to cause problems but nowadays it doesnt
cause much problems due to decreasing store costs etc. Value
Available data will create a lot of value for an organisation. Big
data means big organisation and will provide benefits to an
organisation. Data itself has no value at all. The value is in the
analysis done on that data and how the data is turned into
information and eventually turning it into knowledge. The value is
in how organizations will utilize that data and turn their
organization into an information-centric company that will support
their decision-making. Visualization Visualization of data plays an
important role as it is the hard part of Big data. The large amount
of data made should be easy to read and understand. Visualization
mean complex graphs that will include many variables of data but
still be able to understand and read. Here are the different use
cases of big data, although they do vary depending upon the
organization and type of industry. 1 Knowing the customer in real
time: In the past we used questionnaires to know about various
aspects like from where they belong etc. but big data allows
organization to completely map customer DNA. Knowing customers can
help you give recommendations based on their needs. 2 Co-make,
enhance and develop your products in real time: Organizations can
have a better understanding of what customers are saying about
their product through social media and online reviews. This allows
them to make better product in real time .Information related to
product can be determined based upon different geographic
locations. 3. Determination of real risk an organization may face:
Big data helps organization to determine
3. risk from individual customers based upon the data from
their past and present in real time. 4. Improve service support for
your customer: With the help of big data it is necessary to improve
the service support for a customer because big data will help to
monitor the machine from distance and check how they are
performing. 5. Better understanding of your competitors: Big data
helps you to better understand your competitors by analysing those
metrics or work which you are already doing for yourself. This
helps you to have better understanding of your competitors that
what are they doing so that you can plan more things to stay ahead
of them. Analysing all data for your organization helps you to plan
and organize things effectively.
