How Big Data Will Change Your Business
Posted By Vidushi Vij | 20-Feb-2018
What is Big Data?
Big data is a term that used to describe voluminous data. This large data could be structured, semi-structured or unstructured. Big data is nothing but a data which is extremely big in size. This data is quite complex because if its big size and no traditional tool is efficient enough to store it.
How Will Big data help your business?
In companies/ organizations, big data refers to a huge amount of data that is produced daily by companies. After analyzing the data, it is analyzed and then patterns are made on the basis of it. Still thinking big data is of no use for business? Well, you are very wrong. Many big companies are using data to build more customers and improving the relationship with their customers. The Big data have the ability to affect every single business, irrespective of the size and type of business. Big data can help in:
- Reducing the cost
- Better relationship with customer
- Increase productivity
- Improve decision making
Every business produces data these days which can be collected from the user behavior, payment history, web traffic, purchase history. Thus, there is a need of creating a strategy for maintaining the big data and how to use it. To grow any business it is very important to have good relations with your clients. Customer/client will always give you feedback on your product or pricing hence it is very important to respond in a good manner and understand their needs.
Big data also proves to be helpful in the recruitment process. The hiring process is one of the most difficult processes in the company as it is challenging to find the right candidate, that's where big data is helpful. It helps to make right decision. Big data can identify candidates who have frequently switched their jobs, therefore, making the whole HR process easy and improves the strategy.