
Big Data Analytics revolutionizes the Enterprise Decision Making
Businesses involve numerous risks before an enterprise can get to witness the part where it achieves massive success. The decision makers require a lot of accepted wisdom, rational judgments, and intuition prior to arriving at a well-informed decision or assessment about where it should be directed.
Initially, enterprises made decisions, primarily depending on determinants like experience and intuition. With the evolution of the global market and the introduction of the fast-paced digital transition across all verticals, along with stable solutions and techniques coming to the aid of enterprises, decision-making is now based purely upon analysis, data, reports, and records, against traditional intuition.
Big data analytics has been a significant revelation for enterprises since it has strengthened the principles of business enterprises. Enterprises now acknowledge the benefit of the time required before developing marketing strategies; enterprises like to conduct in-depth research on the customers to analyze their behavior. This development is a much-needed break from the time when enterprises had to rely on feedback from the customers as the only source of understanding.
Check out: Top Data Analytics Startups
As of 2018, more than 50 percent of companies are using big data analytics in their business, which shows tremendous growth as compared to 2015, when the number was only 17 percent.
The inclusion of big data analytics in decision-making has and is still proving to be immensely beneficial for enterprise mobility solutions. Nevertheless, even with the various benefits that it comes with, there are some barriers too. The primary one is that decision making in enterprises was done with experience, knowledge and critical understanding of the business. On an entirely new level, it is still hard for enterprises to adjust to the fact that all the decisions would now materialize based on logistics and analytics.
This is why it is still going to take some time for Big Data Analytics to sink in completely. Nonetheless, so far, the results of this technology in businesses have been excellent! Gathering and analyzing customer information and using big data is now providing enterprises with the capability to transform the way they make out-of-the-box decisions significantly.
Check Out: Top Analytics Solution Companies
ON THE DECK
Featured Vendors
Next Level Business Services (NLB): Applying Digital Transformation to Create Supply & Service Value Chains of the Future
Gerber Technology: Reshaping the Dynamics of the Fashion & Apparel and Flexible Materials Industries
FileFacets: A One-stop Solution for Locating and Identifying Data Across the Enterprise" title="Jennifer Nelson, VP, Sales & Marketing" style="float:left; margin-right:10px; margin-bottom:20px;" width="60px" height="50px">
FileFacets: A One-stop Solution for Locating and Identifying Data Across the Enterprise
Infoworks: Dynamic Data Warehousing on Hadoop that Automatically Ingests and Organizes Enterprise Data for All Use-cases
ThetaRay: Advanced Data Analytics Provide an Enhanced Security Layer to Combat Bank Fraud and Cybercrime
VentureSoft Global: Robust Big Data Solutions for Customer, Product Profitability and Operational Efficiency
Absolut-e Data Com BizStats – Leveraging Artificial Intelligence To Extract The True Potential Of Data
Relational Solutions, Inc.: Delivers Enterprise Demand Signal Repositories to the Consumer Goods Ind
Emagine International: Adaptive Contextual Marketing Platform for Personalized Customer Interactions
Cygnus Professionals: Translate Big Data into Actions: An Analytics Platform Transforming Enterprise
EDITOR'S PICK
Essential Technology Elements Necessary To Enable...
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
Comparative Data Among Physician Peers
By George Evans, CIO, Singing River Health System
Monitoring Technologies Without Human Intervention
By John Kamin, EVP and CIO, Old National Bancorp
Unlocking the Value of Connected Cars
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
Digital Innovation Giving Rise to New Capabilities
By Gregory Morrison, SVP & CIO, Cox Enterprises
Staying Connected to Organizational Priorities is Vital...
By Alberto Ruocco, CIO, American Electric Power
Comprehensible Distribution of Training and Information...
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
The Current Focus is On Comprehensive Solutions
By Sergey Cherkasov, CIO, PhosAgro
Big Data Analytics and Its Impact on the Supply Chain
By Pascal Becotte, MD-Global Supply Chain Practice for the...
Technology's Impact on Field Services
By Stephen Caulfield, Executive Director, Global Field...
Carmax, the Automobile Business with IT at the Core
By Shamim Mohammad, SVP & CIO, CarMax
The CIO's role in rethinking the scope of EPM for...
By Ronald Seymore, Managing Director, Enterprise Performance...
Driving Insurance Agent Productivity with Mobile and Big...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
Transformative Impact On The IT Landscape
By Jim Whitehurst, CEO, Red Hat
Get Ready for an IT Renaissance: Brought to You by Big...
By Clark Golestani, EVP and CIO, Merck
Four Initiatives Driving ECM Innovation
By Scott Craig, Vice President of Product Marketing, Lexmark...
Technology to Leverage and Enable
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
AI is the New UI-AI + UX + DesignOps
By Amit Bahree, Executive, Global Technology and Innovation,...
Evolving Role of the CIO - Enabling Business Execution...
By Greg Tacchetti, CIO, State Auto Insurance
Read Also
