Ever wondered what drives businesses? Oh, or maybe, have you ever given a thought about what has been driving businesses for all these years?
The answer is simple: a timely processed data.
Information derived from the organization’s database helps them to derive insightful decisions. The more insights one derives in a fast-paced and cost-effective manner from the data available, the greater are his chances to create a compelling Unique Selling Proposition (USP) for his organization. In short, if managed well, data can make you a Market Leader.
But with time, the volume and complexities attached to data have surged astonishingly. So Data Scientists, gems who work with database to derive meaningful interpretations from data to give valuable insight to organizations, need to rely on a much-sophisticated technology to drill and mine volumes of data that are otherwise too complex to interpret.
Enters Big Data to save the day!
Big data enables Data Scientists to harness valuable ways of analyzing, drilling, and mining huge volumes of complex data structures to derive meaningful information which otherwise is not possible to do with the help of traditional data-processing software. Big Data thus manages all the information assets of an organization in cost-effective, innovative forms to process information in order to derive insightful decision making by leveraging the power of automation.
One can imagine, being able to derive key insights after processing volumes of structured and unstructured data – the volume of data which is generated every second of the day throughout the year in a digitally connected world from various stakeholders of an organization – can help business tycoons to create new ventures. Similarly, failing to do so, watching their business go irrelevant is the other side of the story. It’s no secret that we live in a Knowledge-Driven Economy. Information is a key to success. Hence an access to cost-effective data storage system with swift data processing techniques to derive insightful information that organizations can put to their Knowledge-Base is pivotal.
Back in 2010, Eric Schmidt, Google’s former chief executive, said that about five exabytes of data (imagine the amount of data that will be recorded in a DVD-quality video that must have been recorded since the time universe was collapsed in one big mass before blowing into a big bang) was created in the world every two days. Hold on to this thought, and as we stand a decade later, imagine the rise of data generation today? It won’t be wrong to say the same amount of data must be generated in every 10 minutes now. You do the maths!
According to research, it is estimated that in just a year, the accumulated world data will grow to 44 zettabytes (that’s 44 trillion gigabytes or imagine an entire mountain range of the Himalayas covered with data instead of snow)! With all this data generated by consumers across the world, organizations need to rely on Big Data will increase. Alone in retail, relying on Big Data can help organizations to increase their sales by as much as 5%.
Where does all this data go?
For quite so long, many giants of Silicon Valley have had Big Data warehouses with no idea what to do about it; for even the thought of processing it was just too daunting. But with breakthrough technologies like Parallel-processing in early 2000s, the multitude of processing data increased giving rise to companies like Google and Facebook. See, that is the power of Data I was talking about; it creates and dilutes ventures!
Managing Big Data was not just enough to win the market; one had to come up with more advanced algorithms like Machine Learning and Artificial Intelligence to ace the game. It helps data applications to run on even more complicated, huge volumes of data in lesser time. Thanks to these technologies we have control devices with just a voice command.
To know about other technologies like Blockchain driving businesses, click here!
Driving economy with Big Data!
Online businesses like e-commerce and classified websites heavily rely on social media and browser history of consumers to track of surfing behavior of a consumer to derive their accurate buying behavior. After liking a picture of Organic Hair Oil on Instagram, the tempting advertisement and offers on an array of organic products don’t just appear randomly on your browser or anywhere browse digitally. The data is well-connected and processed. It’s no surprise after finding tempting offers on such products throughout the day; you end up buying it even if you didn’t want to. Online traffic and statics reveal that business opportunities lie in the ability knit data together from a wide source and let those sources reinforce to push that data to make pervasive. One can say Big Data makes organizations smarter, prolific, and agile: by enabling them to harness diverse data types otherwise, previously, unavailable. It also enables them to unravel new business opportunities.
Big Data and Yo2See!
At Yo2See, our goal is to bring together all that you want to see. Anything to buy, rent, sell, publish, and find a job – anything it will be on our platform. With our strong DaaS (Data-as-a-Service) platforms, we bring together data from multiple reliable sources so that you don’t have to scrape one site after another and get lost in content clutter. We aim to offer a geo-intelligence Application Programming Interface (API) to help you find all that you want just near you. Our web-application will help you get the real-time data powered by classified engines to give you what you need. Go Big with Yo2See as we have Big Data to understand your needs better.