Big Data Analytics News

Big Data, Hadoop, NoSQL, Hive etc.

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How Data Can Transform Your Marketing Efforts

According to a report by McKinsey Global Institute, companies that use data analytics to make critical business decisions have 23 times more likely to acquire a new customer. Also, the companies are 19 times likely to be profitable. The truth is, data has become the wheel that drives smart companies towards business success. Well, having the right data...

The Key Impacts of Big Data Analysis on Financial Trading

While there are numerous trends that define the modern technology market, big data is arguably the single most influential. This is certainly borne out by the statistics, with the big data analytics market set to achieve a cumulative value of $103 billion by the year 2023. Not only this, but at present there are also an estimated 2.5 quintillion bytes...

4 Important Ways Blockchain Will Change Digital Marketing and Advertising

When it comes to blockchain, most people think it is about cryptocurrencies, finance, and digital ledgers. This makes sense as blockchain is a tech supporting Bitcoin, a currency that is attempting a financial disruption in its form. However, many don’t realize that the blockchain has huge power to disrupt as well as solve problems in the other sectors...

How is Technology Affecting the Digital Transformation of the Construction Industry?

Technology plays a vital role in the construction industry, however, due to such stringent standards, it is the industry that often falls behind when it comes to implementing modern machinery. Some commodities that may seem like a standard in our own homes or businesses have taken longer to pass the tests of the construction sector. From fibre-speed...

How Big Data Can Be Used In Designing A Better User Experience

Synopsis: Big data provides essential insight into the buyer’s persona and human behavior. Based on the analysis of big data, providers can stop guessing and start taking calculated measures to increase their product’s success. Big data helps to make a design of a product data-driven rather than intuitive. And it results in better UX as customers get...

How Big Data & Analytics Are Redefining Legal Services

Technology has been a game-changer for all business domains, from manufacturing to automotive, education, healthcare, telecom, and more. While the legal industry has been comparatively slower with tech adoption, it is making efforts to catch up now. When it comes to the most impactful technologies for this domain, Big Data is fast emerging as the winner....

Redefining Business Existence- The Key Elements Of Digital Transformation

Right now, business is nothing like it was a few years ago. The markets are competitive and customers expect a lot more than just great products and awesome services. Additionally, there are challenges of fine tuning your operations and processes to achieve a greater level of productivity. The adoption of digital technologies is no longer a choice in...

The Trend of Identity Theft and Why It’s More Serious Than You Think

According to research from Identity Theft Resource Center (ITRC), reported cases of identity theft fell by 33% in the first half of 2020 compared to 2019. This is due in part to financial institution measures, like EMV chip bank cards, and heightened public awareness of online data and privacy concerns. However, the ITRC also believes that cybercriminals...

How AI and Machine Learning Will Affect Machining

CNC machining has already become the engine of modern manufacturing, and it is easy to see that the machining process is heading towards continuous, automated optimization. From the supply chain to the finished parts, incremental optimization will be at the heart of future manufacturing. And the two things that will make optimization more automated...

Big Data Analytics & Road Safety- How Technology Can Save Lives

Road accidents are a cause of major concern as millions of people across the globe lose their lives due to them every year. These mishaps also translate into massive losses to the governments and insurance companies. While implementation of proper road safety rules and commitment to safe driving practices can curb mishaps, they aren’t enough to reduce...

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