Big Data Analytic's have taken the rest of the world by storm with major success. Now is the time, for New Zealand to embrace the Big Data revolution and join the rest of the world.
Although some organisation's in New Zealand have gotten on the bandwagon, there are still so many that have no idea of how Big Data Analytic's can make their organisation better.
The article below explains of how embracing Big Data can be beneficial to your business.
Google, eBay and LinkedIn were the first to experiment with big data. They developed proof of concept and small-scale projects to learn if their analytical models could be improved with new data sources. In many cases, the results of these experiments were positive. Today, Big Data is no longer just an experimental tool. Many companies have begun to achieve real results with the approach, and are expanding their efforts to encompass more data and models. Here’s how they’re getting value: 1. Cost reduction Big data technologies like Hadoop and cloud-based analytics can provide substantial cost advantages. 2. Faster, better decision making Analytics has always involved attempts to improve decision making, and big data doesn’t change that. . 3. New products and services Perhaps the most interesting use of big data analytics is to create new products and services for customers.