How Big Data Analytics Is Helping Businesses Grow. This article explains how big data analytics is guiding businesses to grow.
Did you know** 95% of businesses say that managing unstructured data is a problem for their business? **
Unfortunately, all the data we generate today is unstructured. Therefore, it is difficult and expensive to analyze data, which explains why it is a major problem for most companies.
Big data analytics comes into play here. It is a term that describes large amounts of data that connect business on a day-to-day basis. Big data can be analyzed for insights that results in better decisions and strategic business moves.
*Nowadays, companies have widely embraced the use of analytics to streamline operations and improve processes. According to a survey conducted by Bloomberg Businessweek Research Services, it is found that nearly 97% of respondents reported their companies had adopted big data analytics. *
The big data analytics market is all set to reach $103 billion by 2023. It has changed the course of market strategies and paved utterly new avenues for the growth and profit of companies. With this, you can adequately represent and break down several issues and serve the objectives of your brand.
Pondering how businesses are leveraging the perks of Big Data? Follow this piece of the article until the end to know how big data analytics is guiding businesses to grow. So, let’s start!
Data analytics for business tells you about the wellness of your business so that you get a fair idea of where you stand, what is happening in your business, and what you must do to achieve your business goals.
Thus, it helps in making companies more efficient, productive and can also help predict future market trends. Let's highlight the various ways that data analytics can help your business grow.
‘Data is the new science. Big Data holds the key answers’ - Pat Gelsinger The biggest advantage that the enhancement of modern technology has brought
We need no rocket science in understanding that every business, irrespective of their size in the modern-day business world, needs data insights for its expansion. Big data analytics is essential when it comes to understanding the needs and wants of a significant section of the audience.
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