What is Big Data?

Big Data is the collective term for the vast amount of unstructured data generated from the virtual interactions between people, machines and sensors – every moment of every day. Combined with the expansion of the Internet, the manner in which these interactions take place is steadily becoming faster and more efficient than ever before. This never ending web of data transmission between machines, sensors, devices and humans has come to be known as the Internet of Things (IoT).

What is Big Data?

Big Data is the collective term for the vast amount of unstructured data generated from the virtual interactions between people, machines and sensors – every moment of every day. Combined with the expansion of the Internet, the manner in which these interactions take place is steadily becoming faster and more efficient than ever before. This never ending web of data transmission between machines, sensors, devices and humans has come to be known as the Internet of Things (IoT).

The Value of Big Data

In the realm of Big Data analytics, data accumulated and stored over long periods of time yield more comprehensive and accurate business insights. Captured data can provide a better understanding of customers, business risks and operational efficiencies.

Silos created from stored data can be analysed in various combinations, allowing for a better perspective on your business based on reliable probabilities and predictions.The more data that is captured over time, the larger and more detailed the picture becomes leading to more accurate and comprehensive business insights. In order to unlock the value of data analytics and better understand the potential of your business environment, it is essential to start saving your data today!

The Value of Big Data

In the realm of Big Data analytics, data accumulated and stored over long periods of time yield more comprehensive and accurate business insights. Captured data can provide a better understanding of customers, business risks and operational efficiencies.

Silos created from stored data can be analysed in various combinations, allowing for a better perspective on your business based on reliable probabilities and predictions.The more data that is captured over time, the larger and more detailed the picture becomes leading to more accurate and comprehensive business insights. In order to unlock the value of data analytics and better understand the potential of your business environment, it is essential to start saving your data today!

The Challenges Faced

Businesses currently face the challenge of capturing information generated from a variety of new data sources with vastly different behaviour patterns from one another. Due to the variable, unstructured and voluminous nature of Big Data, traditional methods used for data capture are unable to manage data streams generated on such a massive scale. This means that the latest data currently available to businesses are not captured or stored for long-term analysis, and opportunities for gaining insights are missed.

The Challenges Faced

Businesses currently face the challenge of capturing information generated from a variety of new data sources with vastly different behaviour patterns from one another. Due to the variable, unstructured and voluminous nature of Big Data, traditional methods used for data capture are unable to manage data streams generated on such a massive scale. This means that the latest data currently available to businesses are not captured or stored for long-term analysis, and opportunities for gaining insights are missed.