Today, Big Data has permeated almost every industry and is the primary driver for the global success of businesses and organizations.
Fremont, California: Recently, the term “Big Data” has been in the spotlight, but few people understand its meaning. Businesses, government agencies, HCPs (health care providers), and financial and academic institutions are using the power of big data to improve business insights and customer experiences. Big Data refers to huge and complex collections of data that must be manipulated and analyzed to unearth useful insights for businesses and organizations.
Application of Big Data in different industries:
Big Data has already started to have a significant impact on the healthcare sector. With predictive analytics, healthcare professionals and medical professionals can now provide patients with personalized healthcare services. Moreover, wearable fitness devices, telemedicine and remote monitoring, all powered by big data and AI, contribute to the improvement of human life.
Today, Big Data is also helping to improve education. Education is no longer confined to the physical confines of the classroom; several online educational courses are available. Academic institutions are investing in digital courses supported by big data technology to facilitate the holistic growth of aspiring students.
The banking industry relies on Big Data to detect fraud. Big Data solutions can effectively detect fraudulent activities in real time, such as misuse of credit/debit cards, archiving of inspection trails, and mishandling of consumption statistics, among others.
IT organizations around the world are using Big Data to optimize their operations, increase staff productivity, and reduce the risks associated with business operations. Combining Big Data technologies with ML and AI, the IT industry is continuously driving innovation to solve even the toughest challenges.
According to the TCS Global Trend Study, the main benefits of Big Data in manufacturing are improved sourcing strategy and product quality. Big data facilitates the creation of a transparent infrastructure in the manufacturing industry, making it possible to foresee the uncertainties and incompetence that can negatively impact the business.