Big Data is everywhere and there is almost an urgent need to collect and preserve whatever data is being generated, for the fear of missing out on something important. There is a huge amount of data floating around. What we do with it is all that matters right now. This is why big data analytics is in the frontiers of IT. Big Data Analytics has become crucial as it aids in improving business, decision makings and providing the biggest edge over the competitors. This applies for organizations as well as professionals in the Analytics domain. For professionals, who are skilled in Big Data Analytics, there is an ocean of opportunities out there.
The potential of Big Data is in its ability to solve business problems and provide new business opportunities. So to get the most from your Big Data investments, focus on the questions you would love to answer for your business. This simple shift can transform your perspective, changing big data from a technological problem to a business solution.
Big data can be analysed with the software tools commonly used as part of advanced analytics disciplines such as predictive analytics, data mining, text analytics and statistical analysis. Mainstream BI software and data visualization tools can also play a role in the analysis process. Potential pitfalls that can trip up organizations on big data analytics initiatives include a lack of internal analytics skills and the high cost of hiring experienced analytics professionals.
What Are the Benefits of Learning Big Data?
This infographic from Informatica walks through the risks and opportunities associated with leveraging big data in corporations.
- Big Data is Timely