In the present scenario, organizations face irresistible volumes of data, managerial complexities, quickly changing customer behaviours and amplified competitive pressures in almost all the industries or business domains. New technologies and business innovations, have further created stress with increasing operational channels and professional platforms, which needs aggression to survive in the existing environment.
With data worldwide being steadily growing at 40 to 45 percent annually, Big data analytics can be a prime game changer in the year 2017. Big data has initiated a paradigm shift accompanied by an affluence of data and information. It has left no industry intact as it is continuing to transform the way we think about everything from technology to human resources and sales or marketing are no different.
Market research and advisory firm Ovum, assessed that the big data market will nurture from $1.7 billion in 2016 to $9.4 billion by 2020. As the market is maturing, innovative encounters are changing, technology requirements are transforming, and the vendor criteria are also adapting. The year 2017 looks to be a demanding one for big data opportunities and prospects.
Here are some key diagnoses for big data analytics in year 2017 from industry viewers and technology performers.
Three categories of big data which are significant for sales and marketing advancements
Three categories of big data significant for Human Resources (HR) management
As the big data analytics market is swiftly expanding to add mainstream customers, many technologies assure the advancement potentials.
Three categories of big data which are significant for technology advancements
There are some of the Big Data source types, in compliance to mining techniques that are applied to search your gilt nuggets.
Four categories of big data which are significant for data mining techniques
Key TakeawaysAs mentioned, data globally is growing at a great pace every year. This rate of growth is alarming for any sales, marketing or technology leader. However, many business managers may feel that this data size has always been big and its correct in one or the other ways. Imagining about the customer data gathered twenty years ago, it included coupon redemption, point of sale data, replies to direct mails or campaigns. Then coming to customer data collected today, it includes online buying data, social media communications, mobile data or geolocation data. Relatively speaking, there’s not much difference.
So, having big data doesn’t mechanically or automatically lead to improved results. Big data and analytics are a secret weapon, which have to be intelligently utilized to derive actionable insights, to boost informed business, technology or human resource decision making, that can further create the real difference. Visit Hello Soda India if you are looking for Big Data Analytics. from http://www.outsourcinginsight.com/how-big-data-analytics-can-be-a-game-changer-in-2017/
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