Articles
The New Currency of the Economy: Data Analytics
by SEOCompanyin Indore SEO Company in IndoreToday data exist almost everywhere but is the
amount of data that exist is actually questionable and that is still growing
very fast.Every organization is constantly generating data.As the standard of
living is changing and adaption of new technologies is opted by people is also one of the reasons
for the production of data
Due to the fast growth of data, many companies
emerged with a move to adopt software analytics. As there is the junction of
many trends that include socio-economic activities over the internet and
degradation in the processing and storage of data collection, this also leads
to the use of huge amount of data hence referred as big data.
As big data concept is known for several years
but still, it is a recent term. Earlier companies were performing analytics
manually to examine the numbers but with improvised technology, many
organization understood the importance of big data analytics to derive
necessarily from data collection which will further make companies more
profitable.
Data analytics is based on techniques called
quantitative and qualitative, to enhance this production and gain business
profit.Data is withdrawn and grouped to analyze the behavior of data and its
pattern.However, techniques may vary based on the requirement of the
organization.
Data analytics focuses more on analyzing data, If
working particularly on the advanced analyic project then most of the work is
done in collecting, preparing and integrating data and after that developing
analytic model to drive valuable data.
Challenge of data analytics
Big data has become a challenge for some
organization. As some organization has a huge volume of data and also in a
different format which needs to be analyzed to find the useful information.
The first challenge is in splitting data to
extract all data that companies used to store in different system .Second
challenge comes when there is a need to collect unstructured data because
pulling out unstructured data is more difficult than structured
data.Traditional database software is not enough to manage today's huge data.
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About SEOCompanyin Indore 
SEO Company in Indore
43 connections, 0 recommendations, 98 honor points.Joined APSense since, November 14th, 2015, From Indore, India.
Created on Oct 23rd 2018 06:18. Viewed 376 times.
