Covering the essentials of business intelligence, explore the features & functions for an overview.
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Big data is a general term for larger and less structured data sets coming from a wide variety of modern data sources such as social media and the Internet of Things. Its size and complexity creates challenges for traditional data processing software, even as it offers opportunities for deeper data insights for organizations.
Data has value for a business, but only if it can be analyzed and utilized properly. It must also be accurate, or all of the insights gleaned from it may not be accurate.
The world’s largest tech businesses derive value from their data to analyze and produce more efficient and effective products for their customers. As with giant tech companies, data holds value for all businesses for example, for product development and customer insights.
New technologies like the Cloud have made data storage and analysis much less expensive and easier to store than it once was, allowing companies to process an increasing volume of data for better business decisions. They can streamline the discovery process and provide access for all users, from business users to data scientists.