To apply data analytics into business processes, they need a plan or strategy. If people wants to improve its effectiveness and efficiency of employees and process. To do so, it is essential to measure the performance. However, those measures need to be meaningful and should be linked to the desired outcome or goal. This is a tedious task, given that the data would be scattered and unformatted.
Big Data can optimize service and impact the bottom line by analyzing network traffic and call data records. It can improve quality of service and routing traffic more effectively. By analyzing call data records in real-time.
The oil and natural gas exploration, development and production generate large amounts of data so the oil industry recognizes that great power and imminent breakthroughs can be found in this data by using it in smarter, faster ways.
Health care data volume is expected to grow dramatically inthe years ahead so big data analytics in healthcare is evolving into a promising field for providing insight from very largedata sets and improving outcomes of results
The applications of data go far beyond high-tech, big-money trading. For example, data is helping financial based companies to detect fraudulent transactions and expand into trend analysis services for businesses.
This is a large collection of data that organizations can use to make better decisions. And e-commerce business can benefit the most from using Big Data, because of all the information they collect during day-to-day operations
Nowadays manufacturers understand big data and analytics and how to go about considering their strategy and approach. This information can help companies in making decisions related to making changes that can be profitable for the organizations.
The public sector is capitalizing on the potential of big data in intriguing ways. By using big data analytics, government and public sector organizations can achieve efficiencies, improve productivity, and foster economic growth.
the use of big data in insurance raises complex issues and trade-offs with respect to customer privacy, individualisation of products and competition. So for that companies can addressed leads and claims to different scenarios for future development.