Big Data and Technical Fox :

  1. Cost Savings : Some tools of Big Data like Hadoop and Cloud-Based Analytics can bring cost advantages to business when large amounts of data are to be stored and these tools also help in identifying more efficient ways of doing business.
  2. Time Reductions :The high speed of tools like Hadoop and in-memory analytics can easily identify new sources of data which helps businesses analyzing data immediately and make quick decisions based on the learning.
  3. Understand the market conditions : By analyzing big data you can get a better understanding of current market conditions. For example, by analyzing customers’ purchasing behaviors, a company can find out the products that are sold the most and produce products according to this trend. By this, it can get ahead of its competitors.
  4. Control online reputation: Big data tools can do sentiment analysis. Therefore, you can get feedback about who is saying what about your company. If you want to monitor and improve the online presence of your business, then, big data tools can help in all this.
  5. Using Big Data Analytics to Boost Customer Acquisition and Retention
  6. The customer is the most important asset any business depends on. There is no single business that can claim success without first having to establish a solid customer base. However, even with a customer base, a business cannot afford to disregard the high competition it faces. If a business is slow to learn what customers are looking for, then it is very easy to begin offering poor quality products. In the end, loss of clientele will result, and this creates an adverse overall effect on business success. The use of big data allows businesses to observe various customer related patterns and trends. Observing customer behaviour is important to trigger loyalty.
  • Google gets over 3.5 billion searches daily.
    Google remains the highest shareholder of the search engine market, with 87.35% of the global search engine market share as of January 2020. Big Data stats for 2020 show that this translates into 1.2 trillion searches yearly, and more than 40,000 search queries per second.
  • WhatsApp users exchange up to 65 billion messages daily.
    5 million businesses are actively using the WhatsApp Business app to connect with their customers. There are over 1 billion WhatsApp groups worldwide?
  • Internet users generate about 2.5 quintillion bytes of data each day.
    With the estimated amount of data we should have by 2020 (40 zettabytes), we have to ask ourselves what’s our part in creating all that data. So, how much data is generated every day? 2.5 quintillion bytes. Now, this number seems rather high, but if we look at it in zettabytes, i.e., 0.0025 zettabytes this doesn’t seem all that much. When we add to that the fact that in 2020 we should have 40 zettabytes, we’re generating data at a regular pace.
  • By 2020, every person will generate 1.7 megabytes in just a second.

🛳 How MNC’s are taking account of this much amount of data ? Big Data !!

Amazon

Google

Netflix

American Express

Apple

Big Data is fuel for technologies in 20th century

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Ansh@24

Ansh@24

Technological Enthusiast , Like to express what is need of time, Relates real world to philosophical insights