There is a big necessity created for big data. Initially, it was easy to maintain and visualize the data from the operational systems. Then arises the big data with the increase in a source, data, a variety of data, a velocity of data and volume of data.
Necessity of big data
Big data platforms are mandatory since the volume and variety of data is increased tremendously which made organizations harder to maintain it. A multiple numbers of unstructured sources emerged which caused managing more data. The traditional BI methodologies do not manage and analyze the multiple sources with countless data.
Big data helps in business success
To succeed in the business, executives should focus more on data from multiple sources. Mostly all the organizations started using big data since there’s lots of data entombed in the various source. Another biggest advantage towards big data is using the data to other purposes like decision making, real-time data visualization, billing mechanism etc. Even though there are many hurdles, a company must have a valid big data strategy.
Planning of BI platform
Data is the key-point for every corporate. The biggest constraint is accessing the data from an unstructured source like social media and external source. People working with the data should make use of the data from various sources to be integrated, visualized and analyzed. Those analyzed model should help the executives in decision-making for the long-term commitments and investments.
When an organization is taking a long-step to move into a big data platform, they should think about the platform’s long-term planning, investment, analytics model, predictive, location, vendor and other segmentation analytics.
Applying use cases
There are a plethora of use cases from big data. Use-cases serves in satisfying the business necessity purpose. Techies work with big data use case and come to a final decision on how it will work for their business. Applying use case provides a great clarification to the analytics.
Predictive analytics model is preferred most from the analytics model. Billing mechanism, location-based-methodologies, vendor analytics, customer analytics are mandatory to succeed in business. With predictive analytics, analyze the short term and long term goals. Decision making with this analytical model is an easy methodology.