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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Companies which require immediate business funding are using data analytics tools to research and better understand their options.

Big Data 264
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Unstructured Data Challenges for 2023 and their Solutions

Astera

Unstructured data is of growing importance, considering more than 80% of business data is available in an unstructured format. If that wasn’t enough, unstructured data is projected to grow rapidly in 2023, and beyond. Plus, it’s not just about the volume; unstructured data sources contain valuable insights.

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Top 10 Analytics And Business Intelligence Trends For 2020

Data Pine

Accordingly, predictive and prescriptive analytics are by far the most discussed business analytics trends among the BI professionals, especially since big data is becoming the main focus of analytics processes that are being leveraged not just by big enterprises, but small and medium-sized businesses alike.