|Making decisions with Big Data!|
|When it comes to making important business decisions, often the most successful ones tend to be those made utilizing solid knowledge, sound experience and reliable data. Much of this valuable information is now gathered and stored in computers, and the use of this has given rise to Business Intelligence (BI). One new form of BI that is fast gaining popularity is Big Data.
You’ve likely seen or heard the term Big Data, but do you know what it is? Here is a simple definition, along with some examples and ways businesses can use it.
Define: Big Data
But what exactly does this mean? Well, many find this definition vague, at best. We found a definition, an equation in fact, that better explains Big Data:
When you combine these three things together, along with the data associated with it, you get Big Data.
Some sources of Big Data
Ways business can use Big Data
There are many uses of Big Data, and as the world continues to generate more and more data, it will become increasingly important to employ Big Data techniques in your business. If you are looking to learn more about this topic, or any other part of Business Intelligence, please contact us today.
Published with permission from TechAdvisory.org. Source.
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