LONDON--(BUSINESS WIRE)--Quantzig, a global analytics solutions provider, has announced the completion of their most recent whitepaper on the five well-known ways to convert big data analytics into big value. Big data analytics has rapidly become a critically important driver of business success across different sectors. Big data can offer a lot of value only if organizations know how to claim it.
Today, big data is given high preference. Organizations globally see big data as an opportunity and plan to increase their investments in big data in the upcoming years. The value of big data doesn’t come from the gathering of information, that is just where it starts. The real value of big data is the ability to combine and evaluate it and uncover new insights that drives business value. Quantzig has listed five well-known ways to convert big data analytics into big value in this whitepaper.
According to the big data analytics experts at Quantzig, “Big data can mean different things to different businesses. But, the challenge and the goal are the same for every business - getting the most value out of it.”
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Well-known ways to convert big data analytics into big value:
- Choose the right environment for big data analytics – Accessing and analyzing data is different for different organizations. All organizations have different needs, different cases, and different infrastructure environments. The method and the environment chosen depends on the particular user requirements you need to meet, compared to various tradeoffs you are ready to accept.
- Make sure you can relate the data – not just collect it – The difficult part is not identifying and managing the wide range of data because this has become easier with the availability of flexible platforms. With the changing structure of data storage that includes on-premises, private cloud, public cloud, and hybrid cloud options, what’s important is whether you can collect and integrate all of this data together – no matter where it comes from or how it’s arranged – to find out all the possible relationships across it.
- Give your entire organization access to big data – while keeping it governed – When big data analytics was first introduced only a few data scientists and expert analysts could realize its massive potential. Others did not have the tools, knowledge, or the experience needed to use the data in a meaningful way. But now it’s important that you put big data in the hands of those people who are closest to your business, who know what questions to ask, and who integrally understand, which data-driven insights will have the most impact.
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Download the complete list of five well-known ways to convert big data analytics into big value whitepaper here:
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantzig’s services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.