Saturday, January 23
News Aggregation Center | Social Listening Post
Like Haha Love Sad Angry
 
Kritik
  • Home
  • About Us
  • Categories
    • Arts and Literature
    • Banking and Financial
    • Business Services
    • Campaign
    • Consumer Products
    • Current Affairs
    • Economics
    • Education
    • Entertainment
    • Food and Beverage
    • Healthcare
    • International Affairs
    • Kritik’s Newsletters
    • Letters
    • Lifestyle
    • Opinion
    • Personal Development
    • Politics
    • Public Services
    • Science & Technology
    • Service Providers
    • Social Issues
    • Sports
    • Tourism and Hospitality
    • Transportation
    • Travel and Leisure
    • Utilities
    • Others
  • Hot Topics
  • Video
  • Contact Us
  • Feedback
  • FAQ?
user avatar
Register Log In

Big Data Market: Increasing data volume to drive growth

Lily lily
11 months ago
209 views

What is Big Data?

Big data consists of ungrouped data; showcasing patterns, trends, & associations of consumers. This large ‘data’ volume, when successfully compiled, is valuable to a business‘s day-to-day operations. It can provide customized solutions to customers without disrupting production processes.

Applications of Big Data

Healthcare

Big data can collate patient information. It, with the assistance of medical applications, brings together doctors & patients on a single platform. The effect of big data is seen from the U.S. government making ‘healthcare data’ public. Even data pertaining to clinical trials has been publicized, proving to be a boon for pharmaceuticals.

BFSI & Retail

Banks have been employing big data to widen their customer base. Four multinational banks use it to gain a better ‘competitive’ perspective. These include Wells Fargo & Co., Bank of America, JP Morgan Chase, and Citigroup.

Retail will experience ‘growth’ spurt in the coming seven years (2015 to 2022); according to Grand View Research, a premier market research & consulting firm. As forecasted, the global revenue for this market is expected to reach $72.38 billion during this period This should be attributed to rapidly increasing customers and strategy needs for catering to all demographics (irrespective of age or creed).

Access Research Report of Big Data Market @ https://www.grandviewresearch.com/industry-analysis/big-data-industry

Manufacturing

Manufacturing firms employ big data to reduce production costs and boost their annual yield. Companies rely on customer-driven data, suppliers, and machines to calculate their output.

Conclusion

European countries could reduce administrative redundancies and save up to USD 149 billion by adopting this technology. Big data is also used in other sectors, apart from those mentioned above. Moreover, it offers insights into the mindset of customers and ensures long-lasting relations with them.

Access Press Release of Big Data Market @ https://www.grandviewresearch.com/press-release/global-big-data-market

Categories: Advanced Technology
Post reactions
Like (2)
Haha (0)
Love (0)
Sad (0)
Angry (0)
Related Posts
critique; critic; kritik; newsfeed

Intelligent future: Putting the AI in IoT

10 hours ago
critique; kritik; critic; newsfeed

IoT puts companies ahead as supply chain digitalisation accelerates

10 hours ago
critic; critique; kritik; newsfeed

Electric vehicle startups boom due to Tesla

4 weeks ago
critique, kritik; critic; newsfeed

Microsoft starts developing own chips for datacentres and computers – report

1 month ago

Startup’s autonomous vehicles tested by Walmart

1 month ago
newsfeed; critic; critique; kritik

Singapore invests $12m in industry-driven blockchain research

1 month ago
Recent Posts
  • Intelligent future: Putting the AI in IoT
  • Realising the true value of data
  • IoT puts companies ahead as supply chain digitalisation accelerates
  • The megalomania of US tech oligarchs is balkanising the internet
  • COVID 19 – What else can we do?
Recent Comments
    Archives
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    Categories
    • Advanced Technology
    • Agriculture
    • Arts & Literature
    • Banking and Financial
    • Business Services
    • Campaign
    • Consumer Products
    • Corporate News
    • Current Affairs
    • Customer Service
    • Cybersecurity
    • Digital Marketing
    • Economics
    • Editorial
    • Education
    • Entertainment
    • Entrepreneurship
    • Food and Beverage
    • Gig Economy
    • Healthcare
    • Human Resource
    • Humor
    • International Affairs
    • Investment
    • Leadership
    • Letters
    • Lifestyle
    • Opinion
    • Others
    • Personal Development
    • Politics
    • Productivity Tools
    • Public Services
    • Sales and Marketing
    • Scandals
    • Science and Technology
    • Service Providers
    • Smart City
    • Social Issues
    • Sports
    • Startup
    • Strategic Management
    • Tourism and Hospitality
    • Transportation
    • Travel and Leisure
    • Utilities
    Login with your Social Account
    Kritik © 2017-2019 ZOHL Web Services | All Rights Reserved.
    A Division of ZOHL Industries Sdn Bhd (351827-A)
    • Home
    • About Us
    • Content Policy
    • Privacy Policy
    • Terms of Use
    • Disclaimer
    • Contact Us

    This site is best viewed with 1400x900 resolution (all browsers) and with IE 10.0 version only