Traditional banking approaches and practices have a nasty habit of excluding those who are in the most desperate need for economic stability around the world. Could the disruptive power of blockchain technology finally be the financial enabler that we've been waiting for? Deprived communities globally can suffer from extremely high inflation rates, high unemployment, … [Read more...] about How Blockchain Technology Could Help to Combat Poverty
Big Data
Learn everything you need to know about big data. Find out how companies are using this revolutionary technology and what it means for your business strategy.
Key Insights: Asia Pacific Data Science Salary Report 2021
For the past five years, Big Cloud has collected crowd-sourced salary data from professionals with backgrounds in data science, machine learning and AI. Here are our key insights into the Asia Pacific data science Salary Report 2021 ¦ Get your hands on a copy of our latest report here. The majority of respondents came from Singapore and India. We listened to our respondents … [Read more...] about Key Insights: Asia Pacific Data Science Salary Report 2021
Key Insights: Europe and UK Data Science Salary Report 2021
For the past five years, Big Cloud has collected crowd-sourced salary data from professionals with backgrounds in data science, machine learning and AI. Here are our key insights into the Europe and UK data science Salary Report 2021 ¦ Get your hands on a copy of our latest report here. The majority of respondents came from Germany, the UK, the Netherlands, France and … [Read more...] about Key Insights: Europe and UK Data Science Salary Report 2021
The Digital Speaker Series: Tech Journal – Episode 02
Welcome to the second episode of The Digital Speaker series (you can watch the first episode here). Today I'm coming to you from live inside the digital world. While the actual Mark may have recorded this before, I, Mark's digital clone, am live code, and right now, this very second, am being brought to life by 1s and 0s inside cyberspace. Through this miracle of digital … [Read more...] about The Digital Speaker Series: Tech Journal – Episode 02
Using Big Data To Redesign Customer Experience In Ecommerce
The foundation of the massive tech evolution taking place in almost every industry is based on customer engagements. Despite the industry you are operating in, your core values and strategies will all be directed towards one goal; keeping the clientele satisfied. Among the highly advanced technologies, Big Data has emerged as a buzzword. From highly established giants to … [Read more...] about Using Big Data To Redesign Customer Experience In Ecommerce
What is big data?
Big data is a term that refers to the massive amount of digital data created and shared every day. Big data can transform how we live, work, and communicate. It can be used to improve everything from public health and urban planning to business and marketing.
Big data is also changing the way we think about privacy and security. The volume, velocity, and variety of big data present challenges and opportunities for organizations and individuals. Regardless, big data is here to stay, and its impact will only continue to grow in the years to come.
What is big data analytics?
Big data analytics is the process of turning large, complex data sets into actionable insights. Businesses use various analytical tools and techniques, including machine learning and statistical analysis, to do this.
Big data analytics can be used to improve decision-making in areas like marketing, operations, and customer service. It can also be used to identify new business opportunities and optimize existing processes. With the help of big data analysis, businesses can gain a competitive edge by using their data better.
Want to learn more about big data? Datafloq has courses available. Contact us to get started.
When was big data introduced?
The term big data was coined in the 1990s, with some giving credit to John Mashey for popularizing the term. However, the concept of big data has been around for much longer.
Where does big data come from?
In the early days of computing, scientists and businesses began to realize that the amount of data being generated was increasing exponentially. As a result, they began to develop new methods for storing and processing data.
Over time, these methods have become increasingly sophisticated and have played a key role in enabling businesses to make sense of vast amounts of information. Today, big data is used in various industries, from retail to healthcare, and its importance is only likely to grow in the years to come.
What are examples of big data?
One of the most common examples of big data is social media data. With over 2 billion active users, Facebook generates a huge amount of data every day. This includes information on user interactions, posts, and even location data. Analyzing this data can help companies better understand their customers and target their marketing efforts.
Another example of big data is GPS signals. These signals are constantly being generated by devices like cell phones and fitness trackers. When combined with other data sets, GPS signals can be used to provide insights into everything from traffic patterns to human behavior. Finally, weather patterns are another type of big data set. By tracking these patterns over time, scientists can better understand the impact of climate change and develop strategies for mitigating its effects.
How do companies use big data?
Companies use big data in marketing, product development, and customer service. By analyzing large data sets, businesses can identify patterns and trends that would be otherwise difficult to spot. For example, a company might use big data to track customer behavior patterns to improve its marketing efforts.
Alternatively, a company might use big data to improve its products by identifying areas where customers are most likely to experience problems. For instance, big data can be used to improve customer service by finding pain points in the customer journey. Ultimately, big data provides companies with a valuable tool for gaining insights into their business operations.