Uploaded on Aug 29, 2022
Emergence of internet has increase the amount of data collected on daily basis.
Benefits and Advantages of Big Data for Analytics
Benefits and Advantages of Big Data for
Analytics
Introduction
● Emergence of internet has increase the amount of data collected
on daily basis.
● According to a survey, people generate 2.5 quintillion bytes of data
every day (that's 2.5, followed by a staggering 18 zeros!).
● It becomes crucial for every organization to extract valuable data
from the big data and analyze it to understand their audience
better.
● Here we are showing the benefits and advantages of Big Data for
Analytics.
Table of Content
● What is Big Data Analytics?
Types of Big Data Analytics
Who Uses Big Data Analytics?
Benefits and Advantages of Big Data Analytics
Contact Us
What is Big Data Analytics?
Every day, massive amounts of data are collected that a standard
computer tool can't handle. This collection of data is known as “Big
Data”.
Today's businesses rely significantly on big data to better
understand their clients. Huge data analytics is extracting valuable
insights from such raw big data.
Analysts can employ unorganized big data platforms to analyze it
accordingly for faster and better decision-making.
Types of Big Data Analytics
● Descriptive Analytics - Using current and historical data to identify
trends and relationships.
● Diagnostic Analytics - Analysing data or content in order to
determine why something has happened.
● Predictive Analytics - makes predictions about future outcomes
using historical data combined with statistical modeling, data mining
techniques, and machine learning.
● Analytical prescriptive - This technique used in examining data to
determine “What needs to be done? How can it be accomplished?”
Who Uses Big Data Analytics?
Big and Small Businesses worldwide are using Big Data and analytics to ensure
better growth.
Google - To provide relevant and accurate information to the users.
Amazon - To implement advertising algorithms and improves customer relations.
Netflix - To gain insight into the viewing habits of international viewers.
Capital One - To ensure the success of its customer offers.
Note - Big Brands like Marriott Hotels, Uber Eats, McDonald's, and Starbucks to Small
and emerging brands consistently use big data technologies as part of their core
business.
Advantages of Big Data Analytics
● Forecasting and monitoring of real-time business as well as the market.
● To influence business decisions, find critical areas hidden within vast
datasets.
● Mitigate risks quickly by making complicated judgments in front of
unforeseen occurrences and dangers.
● Real-time detection of faults in systems and business processes.
● Analyze client data to produce bespoke products, services, offers, and
discounts, among other things.
● Assist in the timely delivery of products and services that meet and exceed
client expectations.
● Diversify revenue streams to increase revenues and return on investment.
Contact Us
15087796743
[email protected]
https://www.trigent.com/
Address
2 Willow Street, Suite #201, Southborough, MA 01745
Thank
you!
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