Big data is a hot topic that shows up somewhat regularly in all aspects of our lives. These days big data plays a role in nearly everything: the music we listen to, the GPS that guides us around new places, the healthcare system we are dependent upon, and so much more. Over 2,500 petabytes of data are collected daily and used to make our lives easier and more efficient. There … [Read more...] about The Importance of Maths Education to the Future of Big Data
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.
Data: When Less is More
Aviation, automobile and even train companies spend significant amounts of money annually reducing the weight of their products. Take the aviation industry, for example, millions of pounds are invested each year into R&D to reduce the weight of their plane's components and structures while maintaining the relevant strength properties and functionality. The plane thus … [Read more...] about Data: When Less is More
How Sorting and Structuring Big Data Along With Using AI Applications Help Insurers Facilitate Business Processes
Companies collect an enormous amount of data that emanates from their business operations on a daily basis. The data is held in their databases so that it can be used to create value. It may be stored to facilitate marketing or improve certain areas of the enterprise making operations more efficient. However, even with advanced artificial intelligence and data storage … [Read more...] about How Sorting and Structuring Big Data Along With Using AI Applications Help Insurers Facilitate Business Processes
Using Predictive Analytics to Assess the ROI of a Startup
Countless entrepreneurs aspire to start successful online retail businesses. They are enamored with the dream of working from home and having the opportunity to make virtually unlimited wealth. Unfortunately, the probability of success in this field is often considerably lower than they would like to believe. Nevertheless, some e-commerce entrepreneurs can thrive by taking … [Read more...] about Using Predictive Analytics to Assess the ROI of a Startup
5G Revolution: Telcos Becoming the New App Store for Industrial Apps
5G technology is knocking on our doors and is said to be around the corner. Mobile service providers have upped their game recently and are holding talks, events and discussions to formulate a plan for the launch of this futuristic network. Not only is 5G technology on the agenda at conferences, but many telecom providers have started testing it out inside labs. With the advent … [Read more...] about 5G Revolution: Telcos Becoming the New App Store for Industrial Apps
+
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.
