Whether it is the hospitality sector or the manufacturing segment, education segment or the aviation sector, big data concepts are sure to create that much needed intelligence within an enterprise and make them truly smart.
Today we are living in an era where being smart means a lot and almost everything is dependent on doing things in a better manner where one increases the efficiency levels. Big data is presenting new hopes for the enterprise segment in terms of proposing different ways to inject better efficiency levels.
“Smart enterprise” isn’t just another buzzword today. The fact is that all the enterprise communities – whether small or big – truly want to be smart with making all the smart decisions on time. And of course, achieve faster time to market, lower costs, higher business value, better use of human capital, and greater responsiveness to changes in the market. These are all benefits that come in the form of being smart.
Experts do believe that, all of these benefits stem from one key ability and that ability is to make informed decisions quickly based on insights derived from enterprise data. But the problem is that, today’s data stores are growing exponentially and at times it becomes difficult to keep pace with the growth. Many of them now qualify as “Big Data”—a term that loosely describes any data store that has grown large enough to force changes in the way its organization manages, uses, and disposes of it.
And when it comes to delivering that much needed smartness to the enterprise, Big Data represents one of the greatest opportunities for the enterprise community. Many IT experts firmly believe that there is great business value in Big Data, and that the enterprise communitymust quickly evolve beyond traditional business intelligence (BI) models and quickly start putting data analysis at the core of making every decision an informed decision.
Organisations are fast realising that in order to analyze Big Data in ways that drive business maximum value, today the enterprise community would need much more than just a hugestorage and powerful relational databases to work upon. When realised to its full potential the concepts of Big Data are sure to generate greater value for the enterprise than even imagined today.