Big Data and Its Importance - PowerPoint PPT Presentation

Title: Big Data and Its Importance


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Big Data
Many people believe that Big Data is necessary
for a few specific industries. However, this is
a fallacy instead, it is limitless and may
assist in the inside-out operation of any
business.
Every second, data is created in every part of
the globe. According to one study, the amount of
data on the planet doubles every eighteen months.
In technical terms, this huge volume of data is
referred to as Big Data and presents both
challenges and opportunities to businesses around
the world. The need to acquire and use data stems
from the enormous potential for turning chances
into success stories since big data offers
greater rewards when used correctly. To have the
intended impact, organizations must shift their
attitude and see data as an asset rather than a
by-product of their operations. Many
organizations like Zirkeltech helps in
integrating mobile applications into big data
making it more flexible.
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Big Data
The amount of data can be large or small, but a
good plan can help a company handle it properly
by gathering, using, and safeguarding it.
This means that businesses that previously
dismissed Big Data as unsuitable for them will
suddenly be able to utilize it and comprehend its
significance. It's like looking for a diamond
among the stones, looking for the appropriate
sort of data at the right moment. According to
CEOs, most IT infrastructure is still
underdeveloped to manage such large amounts of
data in most situations. This puts a burden on IT
infrastructure and puts data security in
jeopardy. The goal is to overcome all of these
obstacles while also seizing opportunities when
they arise.
The optimization of company operations is now
more straightforward. Retailers can make the most
of their inventory by using data forecasts
provided by social media. This approach may now
be used to optimize the supply chain and delivery
route. Organizations' HR departments benefit as
well, for example, when hiring the appropriate
personnel. It also uses its technologies to
determine the level of employee engagement.
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Big Data
Consumer satisfaction, which may be attained by
knowing customer expectations, is the ultimate
goal of all organizations.
 So, in essence, this big data quest is an
attempt to learn more about client tastes and
preferences. The first stage in establishing a
strong customer connection is to understand the
correct needs, wants, and desires of the
consumers. Great power comes with great
responsibility, and big data brings with it even
greater problems. Almost every industry is making
investments in data security.
The possibilities and opportunities provided by
the explosion of big data are always changing,
thanks to advancements in technology, platforms,
and analytical skills. The three major features
of Big Data are its volume, variety, and velocity
of data. So far, we've just spoken about the
amount or volume of data. With the development of
sensors, smart devices, and social collaboration
platforms, businesses are now confronted with
data that is not only relational but also raw,
semi structured, or unstructured.
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Big Data
Big Data Technology is not only beneficial in the
corporate world, but it can also be very valuable
in areas of collaboration. In this scenario, the
V of Value would be both an economic and a
philanthropic value, as defined by economists as
the "new gold." 
This means that if we fully exploit the potential
of Big Data management solutions for universities
and research centers, for example, they will
complement a large number of initiatives that
will eventually succeed. In other words, with Big
Data technology assisting individuals on a
worldwide scale, a large deal of global wealth
might be acquired.