Title: Gain competitive advantage with Big Data : Transforms Businesses at all levels
1Gain competitive advantage with Big Data ,
Transforms Businesses at all levels
- Big Data provides equal ample opportunities to
small businesses as well. At Oodles we
commercialize all the potential benefits of BIG
DATA Services and NOSQL Services and focus to
provide enduring services to all our clients.
2- The simplest explanation of Big Data is that it
is that data which cant be easily queried or
structured using standard relational database. It
is a collection of data from traditional as well
as digital sources , inside or external to
company. - Big Data is the latest trend in the IT sector
after Cloud Computing, with the demand to manage
newer types of data many organisations are
leveraging Big Data and is looking at it with a
pool of opportunities. - Big Data Projects are more of an Opportunity
rather than a Challenge. - The amount of data in our world is exploding.
There is a strong urge to analyse these larger
data sets in order to gain competitive advantage.
In the near future we will witness a exponential
growth in the big data sector due to rising
multimedia , internet, and increase in volume
of data in social media and enterprises. - Usually Big enterprises are the ones stealing
headlines to be leveraging Big Data to all
extents. Large Technology providers have brought
markets to a frenzy, demanding the requirement of
improved tools to cut through huge volumes of
data and information.
3- One of the reasons for limited use of Big Data
was the notion that only large enterprises could
fully utilize all possibilities that Big Data
offers. It was believed that smaller
organisations lack resources to be able to
collect, store or handle Big Data. Fortunately
small businesses are no longer left out from the
Big Data race, infact all large or small
enterprises all over the world can leverage Big
data and its business analytics. - Big Data helps smaller businesses to better
target their services and get more revenues out
of their production and marketing investments. - Small and Medium-sized Businesses can be
benefited from Big Data as the exposure to data
will motivate the business owners to share the
insights with employees and can even get them
involved in companies competitive decisions.
4- Whether large or small, all kinds of businesses
try to sustain in this challenging industry .
With new emergents and ever changing technology
and patterns its difficult to build a consistent
towering business. With this being the case the
managers and entrepreneurs must have the insights
to better formulate their marketing strategies. - Small businesses can have huge benefits from big
data, as more and more data is available online
making it easier for people to find and use it ,
this is a good news for small businesses as
plenty of startups will move forward to help
customers there. - Big data is just not for fortune companies
instead startups have all the required abilities
and resources to make use of such massive amounts
of data to target their tailored services or
products more specifically in market. - Big data prevents smaller firms with the hit and
trial method to find their targeted group instead
it helps to understand the patterns which is in
fact crucial for every business and these figures
can tell specific things related to a business
respective niche.
5- Just follow these simple steps to incorporate Big
Data into your small business - 1. Bind up your Data
- The foremost step is combining data from various
silos for gaining advantage from Big Datas
predictive capabilities. These technologies
include classification, cluster analysis, data
fusion and integration, genetic algorithms,
natural language processing, neural networks etc.
- Additional technologies applied to big data
include parallel processing databases, search
based applications,data mining grids and cloud
based infrastructure. Big data requires
exceptional technologies and tools to process
efficiently large chunks of data within certain
time limits. - Big data can now be achieved with more
affordable IT. Most of the large enterprises are
running customer relationship management (CRM)
and enterprise applications for long enough and
have aggregated huge mass of critical data in
them.
6- 2. Data testing
- On gathering all of the data as described in step
one, testing the data can be commenced which can
be done quickly . Analyse the data and validate
your result. This information is not only
valuable to understand what people say about your
competition but also plays a key role in
determining what people are saying about your
business and its growth. - While it seems that medical research and huge
scientific projects are core part of big data and
naturally fits in, theres no reason why startups
or smaller firms cannot benefit There is
undoubtedly huge opportunities for smaller
companies and enterprises in Big data sector. - Among all the most interesting thing is the
accessibility of applications by smaller
businesses from the cloud mainly in the areas of
ecommerce and marketing .
7- 3. Know more about Big Data
- Ideally it has to be the first step in the
process but it is listed after step two as data
should be there at first place . The right kind
of data will enable you to understand and drive
appropriate business decisions as what to offer
in products and services and how to market
effectively to drive enough sales, big data
proves to be a origin of acumen. - But it should be kept in mind that Big Data is
not a magic bullet and it does not provide or
guarantee a positive outcome always but it
increases the chances of success to a certain
extent and is a wonderful tool which can be added
in the strategic development process of an
enterprise. - Small businesses do have an advantage over large
organizations that is they have the ability to
quickly test new methods without going through
significant studies . - Now Big Data tools and analytics are available
and even affordable to businesses with smaller
budgets making it a competitive landscape
provided all are given equal opportunities to
leverage big data.
8- The adaptation of big data will lead to growth
and hence competition for individual enterprises
. From the standpoint of competitiveness Big Data
should be given high importance and needs to be
taken seriously by all firms whether big or
small. - Most enterprises , new entrants, startups and
established firms will leverage the potential
benefits that big data offers to compete,
innovate and capture real time informations. The
use of big data will derive new streams of
productivity growth and consumer surplus. - Ultimately as big data turned to be more
affordable it should be given a priority by all
small scale businesses to embrace it. By using
businesses will have a strong understanding of
their desired markets and targets. Big data is a
valuable asset for all businesses at all kinds of
levels.
9 We are Web
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negap,Hadoop,Video Streaming and other
Technologies. To discuss how we can help you in
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