Blog

Latest updates from Cleonix Technologies
All about Big Data

Big data is a term that refers to the huge volume of data – both structured and unstructured – that inundates a business on daily basis. However, it’s not the amount of data that’s necessary. It’s what organizations do with the information that matters. Big data can be analyzed for insights that result in better decisions and strategic business moves.

Who uses big data?

Banking
Education
Government
Health Care
Manufacturing
Retail

Pros

Now let’s discuss a number of the benefits of real-time big data analytics.
1. Quickly recognize errors — Suppose an error has occurred and needs to be resolved ASAP. With real-time big data analytics, this error is recognized promptly and quickly remedied.
2. Savings — Even, however, the implementation of real-time big data analytics can be costly, the high value of immediate data analysis can make up for this expenditure.
3. Progressive services — Monitoring items and services through big data analytics may lead to higher conversion rates for customers, which successively may lead on to higher profits.
4. Real-time fraud detection — The team managing the safety of the systems and servers can be rapidly and effectively informed of fraud, allowing them to take measures in real time, as soon as the fraud is identified.
5. Strategies toward competitors — Big data analytics helps in providing an exact detail of competitors, such as launching a brand new item, decreasing/increasing prices for a specific time or focusing on users from a specific location.
6. Insight — Sales insights are very important for knowing wherever sales stand. These insights could lead on to extra revenue, like not losing a client within the long run, checking the bounce rate and finding the best ways of expanding sales by analyzing real-time big data analytics.
7. Trends — Decisions by analyzing customer trends can be possible with real-time big data analytics.

Cons

Now let’s have a look at the cons.
1. Tools not compatible — The most widely used tool for big data analytics is not currently able to handle real-time data. Therefore we have many expectations with Hadoop that in future Hadoop will add functionality for a real-time approach.
2. New approach required — With the constant inflow of real-time big data, a completely different approach is required. This could be a challenge for some organizations and could lead to alteration of some decisions and plans.
3. Possible failure — Some organizations may see real-time big data analytics as a shiny new toy, and need to execute it promptly. However, if not implemented properly, this might cause a large number of issues.
The Big Data trend is sweeping across each business – and firms everywhere are keen to learn more about this topic so they can better understand how it can improve their business in long run.
In the end, when weighing big data pros and cons, most organizations decide that the upsides outweigh the downsides. However, the relative drawbacks and advantages of big data are always worth careful consideration before moving for a new big data project.


About the author


0 comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Categories
Latest Post
landing page

How to Create An Attractive Landing Page to Increase Sales

Posted on 16 May 2022

Magento or Shopify Development

Shopify or Magento Which One to Choose For Your eCommerce Development

Posted on 09 May 2022

web design and development

How Web Design and Development Can Amplify Your Business?

Posted on 31 Mar 2022

Tags
advantageofwebdesign advantageofwebdevelopment androidappdevelopment app development appdevelopment appdevelopmentforbeginners b2b seo b2c seo backlinks backlinksin2021 basics of digital marketing benefitsofwebdesignanddevelopment best web design company in saltlake best web designing company in kolkata blogging blogging tips blogging tutorial Businessdevelopment businesspromotion c++ c++ features computervirus Cross-Browser Compatibility developandroidapps digital marketing digital marketing tutorial DigitalMarketing Digitalmarketingbenefits Digitalmarketingtips E-Commerce ecommercedevelopment ecommercewebsite favicon future of information technology future of mobile apps GIF graphicdesign graphicdesignertools graphicdesignin2022 graphicdesigntips graphicdesigntutorials Graphics design guestposting guestpostingtips guestpostingtutorials howtocreatelandingpage howtodefendcomputervirus howtogethighqualitybacklinks howtoidentifycomputervirus howtooptimizeimage HTML5 htmllandingpage hybrid mobile app development hybrid mobile apps imageseo imageseotechniques Impact Of Information Technology increaseonlinereach information technology Information Technology On Modern Society internet iOS iOS app development iOS benefits IT blogs java framework java frameworks 2021 java learning java tutorial JPEG landingpagedesign laravel laravel benefits laravel development services learn blogging live streaming magento 2 magento with google shopping malware malwareprotection marketing meta tags mobile app development mobile apps mobile seo mobile seo in 2021 mobile seo tips off page seo off-page seo techniques omrsoftware omrsoftwaredevelopment omrsoftwareforschools on-page seo online marketing online payment onlinebranding onlinebusiness Onlinemarketing osCommerce pay per click payment gateway payment solution PHP PNG ppc private network professional web design progamming programming language promotebusinessonline pros and cons of information technology protectionformcomputervirus Responsive Website Design SEO seo tips SEO tips in 2020 seo types seoprocess shopify software development software tools SVG technology UI usesofomrsoftware UX video streaming virtual assistant virtual assistant monitoring Virtual private network VPN web design web design in kolkata Web Development web payment webdesign webdevelopment website Website Design Website speed whatisomrsoftware