When most data scientists talk about challenges with rising data demands, you assume this only affects large enterprises. However, 95% of businesses need to manage unstructured data, but many of them don’t know how. Small-to-midsize businesses (SMBs) are now taking advantage of business intelligence, analytics and big data, which is causing a rise in their need for data management. These businesses now turn to data lakes to provide better data availability and more efficiency. Data lakes are…
Much like term super, the big in big data comes with a certain amount of hype. Just as we now have supercars, supermodels, superspreaders and super-sized meals, we now have big business, big data and of course Big Macs. Regardless of the hype cycle, big data has firmly entered our tech-business vocabulary. We now use it as a kind of blanket term when we talk about the massive web-scale information streams being passed over the…
There are wide arrays of powerful industries which are affected by the collection of data. Big data is beneficial to an organization in enhancing the ROI of the business in different industries. It is possible to make informed decisions, following the collected data that helps in conferring more profits. Here are a few industries which are affected by big data solutions: Insurance Companies The data which is collected by the insurance firm affects the rates…
