Big data has revolutionized the way businesses operate, providing valuable insights and enabling data-driven decision-making. This article explores the impact of big data on businesses and how organizations can leverage big data solutions to generate insights, uncover trends, and make smarter financial decisions.
Big Data in Action: IIT Kanpur’s e-Masters Degree in Data Science and Business Analytics
IIT Kanpur has launched an e-Masters degree in Data Science and Business Analytics, designed for working professionals or graduates with 2 years or more of work experience. The curriculum covers topics such as data mining, machine learning, statistical modeling, and big data. The program aims to help professionals leverage data science applications for making smart business decisions and can be completed in 1-3 years. Applications for the July 2023 intake are open till May 12, 2023.
2023 Taiwan-Japan Smart City Exchange Summit: Driving Smart City Development with Big Data
The 2023 Taiwan-Japan Smart City Exchange Summit was held to deepen industrial exchanges between Taiwan and Japan and drive the future development of smart cities by leveraging the power of data. Representatives from Taiwanese and Japanese government agencies attended the event, which included three expert sessions. The Osaka Convention & Tourism Bureau shared local successful cases combining big data with government strategies, while Vpon, a data solutions company, created a successful data marketing strategy by working in concert with the Japanese government.
Big Data: Uncovering Customer Behavior Patterns and Future Industry Trends
Big data refers to vast and intricate data sets generated from various sources such as social media, IoT devices, and digital transactions. There are three main sources that generate big data: data generated by businesses on a daily basis, data that people create through communication channels, and data generated by the Internet of Things (IoT). Big data can be analyzed by businesses to uncover customer behavior patterns and future industry trends, leading to a better understanding of clients’ needs, cutting operational costs, and deep analytics and data-driven predictions.
Investing in Big Data: Benefits for Businesses
Big data tools provide a comprehensive understanding of client’s needs, facilitate product and service quality improvement, personalize and focus on already used approaches, and increase the efficiency of business processes. With the help of big data analysis, businesses can predict when sales will occur and precisely order the amount of stock needed to meet demand, preventing waste and avoiding unnecessary carrying costs. Big data helps to increase revenues, improve KPIs, and contribute to sustainable company development. Modern companies turn to big data for advanced data analytics, visualization, and improved decision-making.