{"id":3753,"date":"2022-09-08T09:47:44","date_gmt":"2022-09-08T09:47:44","guid":{"rendered":"https:\/\/test.jetsoftpro.com\/?p=3753"},"modified":"2023-01-30T09:25:13","modified_gmt":"2023-01-30T09:25:13","slug":"what-you-should-know-about-big-data-big-data-analytics-jetsoftpro","status":"publish","type":"post","link":"https:\/\/jetsoftpro.com\/blog\/what-you-should-know-about-big-data-big-data-analytics-jetsoftpro\/","title":{"rendered":"What Should You Know About Big Data &#038; Big Data Analytics?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Big Data is a buzzword that describes immense volumes of unstructured and structured data that can inundate a business daily.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Big Data is a massive amount of data sets that cannot be stored, processed, or analyzed using traditional tools. Simply put, Big Data is more complex data sets, especially from new data sources. So how can you recognize them?<\/span><\/p>\n<h2>The Four V\u2019s Of Big Data<\/h2>\n<p><span style=\"font-weight: 400;\">Big Data is typically characterized by well-known Rules 4 V\u2019s: Volume, Velocity, Variety, and Veracity.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-4191 size-full\" src=\"https:\/\/jetsoftpro.com\/wp-content\/uploads\/2022\/09\/4VsData.jpg\" alt=\"\" width=\"840\" height=\"420\" srcset=\"https:\/\/jetsoftpro.com\/wp-content\/uploads\/2022\/09\/4VsData.jpg 840w, https:\/\/jetsoftpro.com\/wp-content\/uploads\/2022\/09\/4VsData-300x150.jpg 300w, https:\/\/jetsoftpro.com\/wp-content\/uploads\/2022\/09\/4VsData-768x384.jpg 768w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><\/p>\n<h2>What Is Big Data Analytics?<\/h2>\n<p><span style=\"font-weight: 400;\">The process of analysis of large volumes of diverse data sets using advanced analytic techniques is called Big Data Analytics.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Big Data Analytics uses analytic techniques to examine data, thus obtaining and finding information like hidden patterns, correlations, market trends, and consumer preferences. Therefore Analytics is used to analyze insights, leading to better decisions and strategic business moves.\u00a0<\/span><\/p>\n<p><b>The benefits of Big Data Analytics and tools are:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Data accumulation from multiple sources;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business Transformation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Innovation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Potential Risks Identification;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost optimization;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improved Customer Services;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increased Security.<\/span><\/li>\n<\/ul>\n<h2>Applications of Big Data Analytics<\/h2>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-4192\" src=\"https:\/\/jetsoftpro.com\/wp-content\/uploads\/2022\/09\/Big-Data-Apps.jpg\" alt=\"\" width=\"840\" height=\"420\" srcset=\"https:\/\/jetsoftpro.com\/wp-content\/uploads\/2022\/09\/Big-Data-Apps.jpg 840w, https:\/\/jetsoftpro.com\/wp-content\/uploads\/2022\/09\/Big-Data-Apps-300x150.jpg 300w, https:\/\/jetsoftpro.com\/wp-content\/uploads\/2022\/09\/Big-Data-Apps-768x384.jpg 768w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Big Data can help you address a range of business activities, from customer experience to analytics<\/span><span style=\"font-weight: 400;\">, including:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Financial Services<\/b><span style=\"font-weight: 400;\">. <\/span>Credit card companies, retail banks, private wealth management advisories, insurance firms, venture funds, and institutional investment banks all use Big Data for their financial services.<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Telecommunication. <\/b>Telecommunication service providers use Big Data Analytics to gain new subscribers, retain customers, and expand current subscribers.<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Retail. <\/b>A brick-and-mortar company or an online retailer should analyze every day all data sources they deal with, such as weblogs, customer transaction data, social media, or loyalty program data.<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Healthcare. <\/b>Healthcare Big Data Analytics includes patient, medical or hospital records, medical exam results, etc., and can save people&#8217;s lives by preventing diseases, forecasting medical outcomes, and reducing medical errors.<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Travel. <\/b>Data Analytics can optimize the buying experience through mobile\/weblog and social media data analysis. Travel websites can gain insights into the customer\u2019s preferences to give customers personalized travel recommendations.<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gaming. <\/b>Data Analytics helps collect data to optimize and spend within and across games. Gaming companies can also learn more about what their users like and dislike.<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Energy Management. <\/b>Data Analytics here is centered on controlling and monitoring network devices and dispatch crews, as well as managing service outages.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Big Data and analytics benefits prove how powerful a tool has emerged for businesses irrespective of size and industry.\u00a0 So if you want to know more about Big Data analysis, let us know.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big Data is a buzzword that describes immense volumes of unstructured and structured data that can inundate a business daily. Big Data is a massive amount of data sets that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":4190,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[183,184],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Should You Know About Big Data &amp; Big Data Analytics? - JetSoftPro | Custom Technology Solutions &amp; Software Development<\/title>\n<meta name=\"description\" content=\"How can Big Data Analysis optimize your business processes and help users receive better services? 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