In this day and age data has been what has changed the way companies make business, its analysis has created a revolution in the field of IT and it’s been perfected throughout the years. For any organization, the most important part is the customer and its a must to keep him satisfied and loyal to the brand, this is a huge part of how big data analysis can help.
There are four perspectives that are important to see to understand the relevance of this topic:
- Data Science Perspective
- Business Perspective
- Real-time Usability Perspective
- Job Market Perspective
Data science perspective:
Analyzing data requires using advanced knowledge and tools that can handle high variety, volume, and velocity and that can unify all the real-time data coming from different sources like online networks, web pages, audio and video devices, social media and many others. All of this information usually is unstructured and the tool helps analyze it. There are two types: Storage of big data and Analysis of Big Data. Some of these data analytics tools include Apache Hadoop, Hive, Storm, Cassandra, Mongo DB and many more.
Businesses and Big Data Analytics
Organizations can find new opportunities and gain new insights to run their business efficiently if their information is being handled properly. It can also make strategies a lot more accurate as well as decision making, having always the customer focus as the center of it all.
Big data analytics tools like Hadoop helps in reducing the cost of storage. This further increases the efficiency of the business.
Real-time Benefits of Big Data Analytics
There has been an enormous growth in the field of Big Data analytics with the benefits of the technology. This has led to the use of big data in multiple industries ranging from
There are many other industries which use big data analytics. Banking is seen as the field making the maximum use of Big Data Analytics.
The education sector is also making use of data analytics in a big way. There are new options for research and analysis using data analytics. The institutional data can be used for innovations by technical tools available today. Due to immense opportunities, Data analytics has become an attractive option to study for students as well.
The insights provided by the big data analytics tools help in knowing the needs of customers better. This helps in developing new and better products. Improved products and services with new insights can help the firm enormously. This may help the customers too as they get better offerings satisfying their needs effectively.
All in all, Data analytics has become an essential part of the companies today.
Looking for open source big data tools? Here is the list of Top 10 Open Source Big Data Tools based on usability and popularity.
Job Opportunities and Big Data Analytics
With huge interest and investment in the Big Data technologies, the professionals carrying the skills of big data analytics are in huge demand. The organizations pay attractive incentives and packages for qualified professionals. The IT professionals like engineers and data administrators can learn the analytics tools for a promising career.
In different domains of industry, the nature of the job differs and so does the requirement of the industry. Since analytics is the emerging in every field, the workforce needs are equally enormous. The job titles may include Big Data Analyst, Big Data Engineer, Business Intelligence Consultants, Solution Architect, etc.
Moreover, some certifications can help you in showcasing your talent and skills. The knowledge and experience of Big Data analytics can provide you an edge over others. During job search also, it can open new opportunities for you.
The importance of big data analytics leads to intense competition and increased demand for big data professionals. Data Science and Analytics is an evolving field with huge potential. Data analytics help in analyzing the value chain of business and gain insights. The use of analytics can enhance the industry knowledge of the analysts. Data analytics experts provide the organizations a chance to learn about the opportunities for the business.
There are huge requirements and significance of big data analytics in different fields and industries. Hence, it becomes essential for a professional to keep oneself abreast of these techniques. At the same time, the companies can gain a lot by using these analytics tools correctly.
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