What types of business problems can a big data platform help you address?
a) Each industry have multiple sources of Big Data (Sensor devices data, Location specific data, GPS data, Email, social networking data, transaction data,instrument logs etc)
b) Each industry has unique 'information' that can be extracted from big data – by analyzing larger volumes of data than was previously 'not possible', to derive precise answers, to analyzing 'big data in motion as it is created' and to capitalize on the business opportunities that were previously lost.
c) A big data solution enables the organization to tackle complex problems that previously could not be solved because of the complexity due to sheer volume, required processing speed, the number of different data sources that needed to be processed and the time required to process the entire set of data
Here are a few examples of industries that are leveraging Big Data :
1) Healthcare Industry : Healthcare industry is among the top 10 industries that is leveraging Big Data. A hospital can reduce patient mortality rate by using Big Data solution to analyze huge amount of patient health data & use it to aid diagnosis and better treatment for the patient.
2) Telecommunication : By using Big Data solution for analyzing CDR (call data records) and switch and tower data telecom companies can reduce the processing time by as much as 75%
3) Electricity & Power Industry : By using Big Data solution power companies can analyze the logs and prevent power outages by performing preventive repairs.
4) Airline Industry : Airplane has a complex software management system and it generates a huge amount of data when a plane flies. By using Big Data solution airlines are analyzing the plane instrument logs to detect issues and perform preventive maintenance.
I have given few examples from real life solutions implemented by various industries and there are many more examples for different industries where big data has been processed and consumed to give the Business a competitive edge.
a) Each industry have multiple sources of Big Data (Sensor devices data, Location specific data, GPS data, Email, social networking data, transaction data,instrument logs etc)
b) Each industry has unique 'information' that can be extracted from big data – by analyzing larger volumes of data than was previously 'not possible', to derive precise answers, to analyzing 'big data in motion as it is created' and to capitalize on the business opportunities that were previously lost.
c) A big data solution enables the organization to tackle complex problems that previously could not be solved because of the complexity due to sheer volume, required processing speed, the number of different data sources that needed to be processed and the time required to process the entire set of data
Here are a few examples of industries that are leveraging Big Data :
1) Healthcare Industry : Healthcare industry is among the top 10 industries that is leveraging Big Data. A hospital can reduce patient mortality rate by using Big Data solution to analyze huge amount of patient health data & use it to aid diagnosis and better treatment for the patient.
2) Telecommunication : By using Big Data solution for analyzing CDR (call data records) and switch and tower data telecom companies can reduce the processing time by as much as 75%
3) Electricity & Power Industry : By using Big Data solution power companies can analyze the logs and prevent power outages by performing preventive repairs.
4) Airline Industry : Airplane has a complex software management system and it generates a huge amount of data when a plane flies. By using Big Data solution airlines are analyzing the plane instrument logs to detect issues and perform preventive maintenance.
I have given few examples from real life solutions implemented by various industries and there are many more examples for different industries where big data has been processed and consumed to give the Business a competitive edge.
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