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What’s Big Data?

Big Data refers to the large and complex sets of data that are generated and collected by organizations from various sources such as social media, IoT devices, and transactional systems. These large data sets are difficult to process and analyze using traditional data processing tools and technologies.

Top Big Data companies include:

  1. Amazon Web Services (AWS)
  2. Microsoft Azure
  3. Google Cloud Platform (GCP)
  4. IBM
  5. Cloudera
  6. Hortonworks
  7. SAP
  8. Oracle
  9. Teradata
  10. MapR Technologies

There are several reasons why companies should invest in Big Data technology:

  1. Improved decision making: Big Data can be used to gain insights into customer behavior, market trends, and business operations, enabling companies to make more informed and accurate decisions.
  2. Increased efficiency: Big Data can be used to automate and streamline business processes, resulting in cost savings and increased productivity.
  3. Competitive advantage: Companies that leverage Big Data can gain a competitive advantage over their rivals by gaining a better understanding of their customers and the market.
  4. Better customer service: Big Data can be used to gain insights into customer behavior, which can be used to improve customer service and increase customer loyalty.
  5. Risk management: Big Data can be used to identify and mitigate potential risks, such as fraud or security breaches.

Overall, Big Data technology can help companies gain valuable insights, make better decisions, and improve their operations. Companies that invest in Big Data technology will be well-positioned to take advantage of the many benefits it can provide.

  • The Internet of Things (IoT) will impact supply chain in so many ways. Either learn about it, or get left behind. ~Dave Waters
  • “The most valuable commodity I know of is information.”  ~Gordon Gekko, Wall Street
  • “War is 90% information.”  ~Napoleon Bonaparte
  • “The first to fully integrate the following technologies will create a near autonomous supply chain: IoT, Big Data, Blockchain, 3D Printing, Artificial Intelligence, Machine Learning and Deep Learning.” ~EverythingSupplyChain.com
  • “Intuition becomes increasingly valuable in the new information society precisely because there is so much data.” ~John Naisbitt
  • “Not everything that can be counted counts, and not everything that counts can be counted.” ~Albert Einstein
  • “Leaders win through logistics. Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics.” ~Tom Peters
  • “Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.” ~ Jonh Steinbeck
  • “Listening to the data is important… but so is experience and intuition. After all, what is intuition at its best but large amounts of data of all kinds filtered through a human brain rather than a math model?” ~ Steve Lohr
  • Imagine where your company would be if it didn’t adapt and leverage the Internet. That will be the same way if your company doesn’t get involved with the Internet of Things (IoT). ~Dave Waters

What’s big data

What's big data

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