What is Big Data Analytics?
Big data analytics is the process of gathering, organizing, and finally running analysis on the large sets of data. This helps to discover various types of activities pertaining to customers’ behavior, web server logs, survey response, etc. The list is quite big and the in-depth idea of big data analytics has become very important for analytical findings in major industries that deal with the massive amount of data.
At Infinity Intellectuals, we give our customer the service of big data analytics that holds the process of examining a large amount of data that contains a variety of data types. It gets very difficult to for the data warehouses to handle the heavy processing demand of the companies and that is when the implementation of this analytics comes handy. It is used to uncover hidden patterns, market trends, customer preference, and other business information. This leads to more effective marketing formula. This process opens up new revenue opportunities.
Big data analytic companies associate themselves with providing better customer service which gives competitive advantages over rival organizations. The primary goal of big data analytic is to help companies to make better decisions by using various specialized software tools to analyze a large volume of data.
This process is analyzed with the software tools mostly used as a part of advanced analytics forum such as predictive analytics, data mixing, text analytics, and statistical analytics. Mainstream Business Intelligence (BI) software tools and data visualization plays an important role in the analysis process. Transactions and other structured data are valid components of this form of analytics and it is considered as the part of advanced analytics.
The core process of big data analytics is to break down the data in different systems, create a platform that gathers all these unstructured data to a structured form. It leads to generate greater revenue and conceals the brand identity in the market with positive reviews. This is the reason as to why various companies are having high demand to find actionable insights into their data. Many projects pertaining to this analytics are originated to answer specific business questions that would simplify the campaign strategies and other forms processes related to the business.
However, it should be kept in mind that the right platforms are chosen to smoothly function the processes of this analytics. Any enterprise can enhance the sales, increase its efficiency, and improve their operations, upgrade customer service, and risk management.
The survey that was conducted by Webopedia on 540 enterprises clearly indicates that after the purchase and implementation of the big data analytic their decision making has improved and so are their business operations. Approximately half of the respondents did tell that they were using big data analytic which has helped to improve their customer retention rate. Along with that, it also helped in the product development and gets leverage when it comes to having a competitive advantage. The businesses area able to receive much more attention that relates to increasing the efficiency and optimizing various operations. 62% of the respondents said that the use of this analytics has improved their work speed and reduced the complexity in the business.