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One of the biggest changes of an age of technology, is the entrance of “bigdata” into the world, which got noticed, globally, around 2010. Co-founder and Co-director of the MIT Initiative on the Digital Economy, Andrew MacAfee once said, “The world is one bigdata problem.”. are still fighting the last war.
Did you know that bigdata consumption increased 5,000% between 2010 and 2020 ? Bigdata technology is changing countless aspects of our lives. A growing number of careers are predicated on the use of data analytics, AI and similar technologies. This should come as no surprise. Genetic Engineer.
Bigdata is playing a more important role than ever in fine-tuning the relationship between customers and brands. The Complex Role Between BigData and Social Listening Tools. million in Series B in 2010, and was quickly acquired by Twitter for $40 million in 2011. Why is this so important?
Data Analysis (Image created using photo and elements in Canva) Evolution of data and bigdata Until the advent of computers, limited facts were collected and documented, given the cost and scarcity of resources and effort to capture, store, and maintain them. In other words, we have bigdata! Source: IDC).
The global demand for bigdata is surging. Is the Booming BigData Field Right for You? Everyone has heard about Data Science in 2020. The insights extracted from data are presented to a human in a friendly form, or a computer program uses it to make decisions without any hardcoded instructions.
In the modern world of business, data is one of the most important resources for any organization trying to thrive. Business data is highly valuable for cybercriminals. They even go after meta data. Bigdata can reveal trade secrets, financial information, as well as passwords or access keys to crucial enterprise resources.
The term ‘bigdata’ alone has become something of a buzzword in recent times – and for good reason. The digital world is in a constant state of flux, and to move with the ever-changing landscape around you, you must leverage data to make more informed and powerful data driven business decisions.
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