Do you know, everyday we are using Data?
Sports – Understand the patterns of viewership of different events in specific regions and also monitor the performance of individual players and teams by analysis. Sporting events eg: Formula 1 make special use of big data analytics. Energy – By introducing smart meters to reduce electrical leakages and help users to manage their energy usage. Load dispatch centers are using big data analysis to monitor the trends of energy consumption based on different parameters and as a way to incorporate daylight savings Transportation – For better route planning, traffic monitoring and management, and logistics. This is mainly incorporated by governments to avoid congestion of traffic in a single place Manufacturing – To increase productivity by using big data to enhance supply chain management. Manufacturing companies use these analytical tools to ensure that are allocating the resources of production in an optimum manner which yields the maximum benefit. Education – To monitor and track the performance of their students and faculties and map the interest of students in different subjects via attendance for student growth and learning Media & Communication – For real-time reportage of events around the globe on several platforms (mobile, web and TV), simultaneously. Social Media news, feeds, related activities based on user history and data. Bank & Finance – Monitoring transaction & financial markets through network activity monitors and natural language processors to reduce fraudulent transactions. Exchange Commissions or Trading Commissions are using big data analytics to understand consumer spending pattern and abnormal acitivities. Healthcare – Collect public health data for faster responses to individual health problems and identify the global spread of new virus strains such as SARS / COVID-19. Doctors & researches of different countries incorporate big data analytic tools to make proper use of data collected to predict cancer and early diagnostic. Consumer Trade – To predict and manage staffing and inventory requirements. Consumer trading companies are using it to grow their trade by providing loyalty cards and keeping a track of them. Government & Insurance – For everything from developing new law / products to handling public response / claims through predictive analytics. Government and Insurance companies use business big data to keep a track of the scheme of policy which is the most in demand and is generating the most revenue and for the best interest for its people.
Data can be use differently:
We live in the current age of digitalization. The world has evolve to be more efficient, faster, smarter and better in many way. One of the most searched, talk about and heavily scrutinized word, “Data“. Like it or hate it, it is the most powerful tool that people often overlooked due to the application of Data and the uses of data.
If you know about Data, you will know and discover that Data can be a transformational tool for business, enterprise and individual.
Why you should engage an Analytics Solution provider like us? What benefit do i gain from data? Contact us as we address the common FAQs to allow you to make a better informed business decision.
