If we have to talk about the modern technologies and industry disruptions that can benefit every industry and every business organization, then Big Data Analytics fits the bill perfectly. The big data analytics market is slated to hit 103 bn USD by 2023 and 70% of the large enterprise business setups are using big data.
Read MoreThe global big data market revenue is projected to hit the 103 billion US dollar mark by 2027. And, the current BI and analytics software market are valued at 16 billion USD globally. Apart from the stats that speak a thousand words, big data, in association with AI, ML, and other technologies, is fueling what
Read MoreBig Data is a large amount of data collected in real-time in various formats and structures. Latest technologies have simplified data gathering from multiple sources. Data warehouses and data lakes can store this data on-premises or on the cloud. However, the collected data is of no use to the business until it is analyzed. Basic data analytics tools like
Read MoreSupply chain management and logistics have always been complex. Be it sourcing raw materials or delivering finished goods and managing returns, everything comes under the supply chain. Vendors, manufacturers, warehouses, logistics service providers, etc., are all a part of the supply chain. Supply chain management (SCM) relied on ERP software and outdated data storage systems. With
Read MoreEmbedded analytics adds real-time data analytics reports to websites and software applications. It empowers enterprises to adopt the data-driven decision-making model and add value to the business. Data analytics is the process of acquiring, transforming, and using AI-based business intelligence tools to convert real-time raw data into structured data to derive actionable insights. Data analytics are performed in separate environments and are then shared
Read MoreData is priceless in today’s world. Never before was it considered as essential to a business as it is in recent times. Whether it is easy to access real-time data or the availability of advanced technology to process and analyze this data, enterprises are trying to make the most of this precious raw material. Data
Read MoreWith the ever-evolving cybercrimes, data handling, and security challenges, users must remain informed with ways to tackle them. The good news is that various enterprises are coming up with multiple solutions to combat the nuanced tools and mechanisms being used for data intrusions. The most prominent of them being Big Data Services. Big Data analytics
Read MoreForecasting is the process of analyzing existing data to determine future events. In the retail sector, forecasting is used to understand the customers’ purchase behavior. Actual data that is in existence and its related market research might differ by the kinds of products a retailer usually intends to trade for, but the basic denotation of
Read MoreData integration is a much familiar term you might hear these days. It is the basis to build a data-driven business process in your enterprise. Furthermore, data integration helps you adopt new technologies, create successful business models, and make better decisions. However, data integration is neither easy nor simple. It comes with various challenges that
Read MoreIn today’s world, access to data is no longer a problem. There are such huge volumes of data generated in real-time that several businesses don’t know what to do with all of it. Unless big data is converted to actionable insights, there is nothing much an enterprise can do. And outdated data models no longer
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