Information that has the ability to give investors an edge has long been coveted, but the nature of that information has evolved over time. Currently, traditional financial data, such as stock price history and fundamentals, is the standard for determining the health of a stock. However, alternative data has the potential to reveal insights about a stocks health before … [Read more...] about Why Alternative Data is the New Financial Data for Industry Investors
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.
$46 Billion: Big Data is Increasingly Meaning Big Money
The Big Data industry is bigger than ever. In terms of data, thats a true statement any day of the week; every time you click, tap or swipe, youre making a contribution to the data mine.In terms of money, revenues have never been better! Companies offering services classified within the Big Data Industry reached a new milestone; more than $46 billion in revenue … [Read more...] about $46 Billion: Big Data is Increasingly Meaning Big Money
What is Video Analytics and Why is it Becoming Such a Big Player?
Explosive trends in the video analytics market has really caught the eye of business intelligent departments. This little known software is quickly picking up speed for an expansive amount of applications. From security to public safety to crowd management, video analytics have begun to see a big boom on the business world. Video analytics, or intelligent video analytics, is … [Read more...] about What is Video Analytics and Why is it Becoming Such a Big Player?
How Emerging Industries are Using Big Data to their Advantage
Its exciting to watch a new industry figure out ways to use big data. There are so many ways different industries put data to work for them and for their audience. For example, Google is using RankBrain to determine search results. This is exciting because its a very real example of Artificial Intelligence employing data to affect what you see in front of you every day. Go … [Read more...] about How Emerging Industries are Using Big Data to their Advantage
Why Employee Training and Big Data Should Work Together
The flood of data available today is growing by leaps and bounds as expanding networks are able to capture real-time user decisions in an instant. The ability to analyze this data for trends and insights is becoming an eagerly-sought advantage for corporate training companies and organizations of all kinds. But more of them are beginning to discover that it poses benefits … [Read more...] about Why Employee Training and Big Data Should Work Together
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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.
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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.
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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.
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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.
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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.
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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.
