Modern world seems to be more magical than ever…
What’s making these things possible? Connectivity and superb computing powers!
And at the centre of all this is “Big Data Analytics”- the technology that provides ground-breaking insights in real-time!
Big data analytics is a complex process of examining varied and large data sets:
The data analyzed can very well uncover information related to unknown correlations, customer preferences, hidden patterns etc. and usually comes from different sources:
Over the past few years, big data has become a game changer for many industries – whether it’s manufacturing, government or insurance. Every industry is leveraging the insights offered by big data application.
To gain customer data and insight, media and entertainment companies earlier used TV rankings, reviews and customer interviews. This is no longer the case. Today, across all media and device types, big data analytics is leveraged to easily track:
Organizations today are handling enormous amounts of data:
Big data application is making this gigantic task possible by helping organizations to:
For instance, Amazon Prime heavily relies on big data to offer music, video, and Kindle books in a one-stop solution. Likewise, Spotify (on-demand music service) collects data from millions of customers using Hadoop big data to give music recommendations.
Retail and e-commerce have witnessed a paradigm shift in their operations over the last few years:
To stay in business, retailers are looking at different ways to manage their resources and engage customers. Interestingly, yet again big data is playing a major role in this. Retailers, both offline and online, are adopting the data-first strategy for understanding customer behaviour. Here’s how:
As per the study carried out in top 10 retail and investment banks, the challenges in this industry include,
Here’s how big data is driving this industry:
The application of big data in healthcare has a lot of life-saving and positive outcomes. It has paved the way for new opportunities in:
The industry is benefiting from the big data initiatives like:
Abundant data is available today. And only organizations realizing the importance of analyzing data can lead their business in the direction of change or improvement.
To leverage big data into business decisions, therefore, data lakes, processing and real-time analysis are imperative. The good news is, massive data explosion can be properly supported by storage and processing repositories called “Data Centres”.
Data centres are a group of networked servers used for data:
In simple words, “If “data is the oil”, then Data Centers are the “gas stations”.
Moreover, data centres can be owned or collocated. Many organizations today are moving towards colocation data centre facilities in Chennai, Mumbai, Delhi, and other cities, instead of creating their own data centres from scratch.
Global IT spending is expected to see an upward movement in the coming years. This points to an expected rise in data centre outsourcing, regardless of the industry in which a business operates and its size.
Simply put, data centres are leading the way when it comes to IT outsourcing as they allow corporations to house their business-critical information and applications reliably and securely.
These colocation facilities provide and support:
In fact, colocation data centres are now seen as a key business parameter, and not just as an external facility for storage. Leading data centre providers like STT GDC India, with data centre in Chennai, Mumbai and other cities, are directly helping businesses to:
Moreover, the colocation data centres, whether in Chennai, or other locations, are playing a critical role in re-engineering the IT infrastructure of organizations.
Many of these data centers meet global standards and up-time, connectivity and security operations.
7 Big Data Examples – Application of Big Data in Real Life
Big Data In Retail – How Data Analytics Can Transform Retail
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