Posts tagged ‘big data analytics’

How the IoT Will Reshape Big Data Analytics

It won’t be long before the amount of data produced by machines surpasses the amount of data produced by all humankind combined. That’s a lot of data! Most of this will be streaming in from the IoT, or Internet of Things, which has either gone mainstream or is on the very verge of doing so. Yet only about 8 percent of enterprises have monetized their IoT data streams, and even there, they are only monetizing about 25 percent of what is available. That is expected to change, and soon. Within a couple of years, half of all enterprises will have monetized their IoT data. Here’s how that will change data analytics as it’s always been known. The IoT Will Change […] Continue Reading

Big data Analytics in Retail

All the industry leaders like Wal-Mart, Axa, Citibank, Humana, GE and several others are exploring how Big Data analytics can be used to better understand customer needs, pinpoint risk, improve marketing, enhance the customer experience, combat fraud, and drive profitability. Companies are seeking ways to rebuild their customer relationships in this time of extremely high customer expectations. Retail industry is among the early adopters and innovative users of big data. But they have the challenge of tackling the huge data since 1970s when barcodes were first introduced to scan the products at POS. All sorts of supply chain data came into effect later in 1980-90s while RFID and other sources such as surveillance video cameras started sending humongous data to […] Continue Reading

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