Big Data are large amounts of data which with the help of standard databases and data management tools not can be managed or only be inadequately processed. The problem with Big Data are primarily with collection, storage, search, distribution, analysis and visualization of such large data sets. The volume of this data is in the terabytes, petabytes, exabytes and Zettabytes. Now the situation has been that, its not the Big Data that is about moving, ironically – They Are Moving The Companies.
What is this Big Data ?
For businesses, analysis, competitive advantage, generating potential savings and the creation of new businesses is related to Big Data. Examples are :
- Timely evaluation of web statistics and adaptation of online advertising
- Faster market research
- Discovery of irregularities in financial transactions (fraud detection)
- Implementation and optimization of intelligent energy management
- Recognition of interdependencies in the medical treatment in Realtime with cross and with e-commerce
- Construction of flexible billing systems in the telecommunications
Big Data : How They Are Moving The Companies
Big Data are coming to a critical inflection point. In fact, data has become ubiquitous and an instrument of founding companies. Technologies that manage and analyze the data are easier to use and more accessible to large groups of employees. In addition, more and more people can make important decisions by using the analysis of big data.
Big Data gained great importance on the agendas of business leaders. The companies are investing heavily for staff and expertise to convert the data value. A surprising number of companies are experiencing higher ROI on investment on big data.
There is still much work to be done in this field. The key functions of business can not even use the data obtaining the value added tax needs the ability to analyze keeping the security issues in mind. Technological trends of output, such as mobility, social computing and cloud services, are forcing companies to rethink their data strategies.