Big Data Analysis

The construct of massive knowledge has been around for years; most organizations currently perceive that if they capture all the information that streams into their businesses, they will apply analytics and get significant value from it. But even within the Nineteen Fifties, decades before anyone verbalised the term “big knowledge”, businesses were using basic analytics (essentially numbers during a computer programme that were manually examined) to uncover insights and trends. The new advantages that massive knowledge analytics brings to the table, however, are speed and potency. Whereas some years past a business would have gathered data, run analytics and unearthed data that would be used for future decisions, these days that business will determine insights for immediate decisions. The ability to work quicker – and keep agile – offers organizations a competitive edge they didn’t have before.

 

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