Turning the benefits of Big Data from concept to reality

1. Turning the benefits of Big Data from concept to reality

2. Turning the benefits of Big Data from concept to reality Big Data Analytics has left no realm of the world untouched with its vast benefits. The power of Big Data Analytics lies in the fact that every industry across the globe is inclined towards it.  Eric Schmidt, Executive Chairman of Google, says, “There were 5 exabytes of information created between the dawn of civilization through 2003, but that much information is now created every 2 days.”  However, 80% of the data getting generated today is unstructured and cannot be handled by traditional technologies. High penetration of smartphones, rapidly growing mobile data & cloud computing traffic, and swift adoption of disruptive technologies such as AI, ML, and IoT, all contribute to an ever-increasing complexity and volume of data sets.  Big Data comes into play where these huge datasets are either too large or complex for the traditional data processing applications. Therefore, Big Data often includes data with sizes that exceed the capacity of a traditional software to process within an accepted time and value.  According to Tim Berners-Lee, Inventor of the World Wide Web, “Data is a precious thing and will last longer than the systems themselves.”  Today, Big Data’s popularity has extended beyond the tech industry to include supply chain management & logistics, BFSI, retail, healthcare, education, governance, aviation, and manufacturing, to name a few. Almost every big or small enterprise and organization is already leveraging the benefits of Big Data. 

3. Turning the benefits of Big Data from concept to reality Real-time benefits of Big Data  While the benefits of using Big Data are enormous, let us delve in turning the benefits of Big Data from concept to reality.  Big Data in Retail: For the retail industry, Big Data means a greater understanding of consumer shopping habits and how to attract new customers. Some of the biggest retail giants in the world like Walmart, Walgreens, Costco, Sears and Holdings, and many more have Big Data analytics as an integral part of their organizations.  Big Data in Healthcare: There’s a huge need for Big Data in Healthcare. The abundant health data amassed from various sources like medical imaging, electronic health records (EHR’s), medical devices, genomic sequencing, pharmaceutical research, and payor records pave way to the “Big Data in Healthcare”.  The technological advancements have led to the evolution of healthcare applications such as Fitbit and Apple Watch that keeps a tab on the individual’s physical activity levels. The processed data is sent to cloud servers, providing information to doctors who use it as part of their health and wellness program.

4. Turning the benefits of Big Data from concept to reality Wrapping up  While we’ve seen enormous benefits of big data analytics scattered across diversified verticals, it is equally imperative to have a holistic Big Data Assurance strategy to address issues related to data quality and rein in the cost of excellence and delivery on projects.  Cigniti’s Big Data Analytics Assurance framework helps understand the essentials and best methods to integrate a big data assurance strategy into existing implementations and help organizations overcome challenges. Cigniti leverages its experience of having tested large scale data warehousing and business intelligence applications to offer a host of Big Data testing services and solutions such as BI application Usability Testing. Cigniti’s open source Big Data Testing tools help evaluate the reporting app for end-user’s adaptability and continuously review the observations with the user & dev group, as a part of Agile and DevOps testing.  Need help? Talk to our experts. They will help provide a solution to your business and will demonstrate about Big Data from concept to reality Read more:https://www.cigniti.com/blog/big-data-analytics-concept-to-reality