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Home » Blogs

How to solve your big data problem

Submitted by on January 4, 2019 – 8:16 amNo Comment

Big data should mean big opportunities for every business, yet for many the potential is never realised. Data that could be mined for value ends up resting, unused in archives. Insights that could be fuelling sales or enhancing customer experiences are never uncovered, or never make it to the screen of someone who could make the difference. Every day, some 2.5 quintillion bytes of data is created. The volume of data being produced is expected to be 44 times greater in 2020 than it was in 2009.

Big data

Yet in 2016 the analysts at Forrester estimated that, on average, between 60% and 73% of all the data within an organisation went untouched by analytics or BI applications, and in some industries the figure may be closer to 95% or more. To call this a shame is an understatement. EU studies have shown that companies that adopt big data analytics can increase productivity by 5% to 10% over companies that don’t, and that big data practices in Europe could add 1.9% to GDP by 2020.

To read the entire article, please click https://www.itpro.co.uk/data-insights/32659/how-to-solve-your-big-data-problem