BIG DATA, BIG FUTURE

As businesses are expanding day by day, Competition is rising and to remain in

the market, we need a proactive approach, thats where business analytics come
and it plays important role in all functional areas from HR, Marketing, Finance
to IT. Now a days companies have identified the power of big data and are
using big data and extract useful information from it.
Basically, big data is the data which is being collected from social media,
suppliers, media and other numerous sources, all this is coupled together then
analytical tools are being used to extract useful information.
Almost everyone can agree that big data has taken business by storm, But
whats next? Will data continue to grow? What technologies will develop
around it? Or will big data become a relic as quickly as the next trend,
Cognitive technology? Fast data? Etc.

Various aspects that prove Big data is the big future

As our population increases the consumers which use internet services
increase which will increase the amount of data and which will be a
challenge as we will need more storage for this all type of data
While SQL is, the standard system used to analyse data, Hadoop and
spark is emerging as a complementary tool for analysis and will continue
to grow.
Artificial intelligence will also be implemented which will take this to
whole new level.
In case of big data privacy is the major concern but it will be more secure
and all loopholes will be addressed and proper measures will be taken.
Big data will help in creating Robots, Virtual assistants etc.
Fast data and Actionable data will be introduced which will
overcome weaknesses of Big data
In this way, big data plays important role in each and every sector and
businesses are using it worldwide as their proactive approach and this
data helps in getting better results which will make it more efficient and
user friendly. Many companies have implemented and used this big data
from Asian paints for demand forecasting, similarly big malls used it to
track its customers moments etc. and various CRM softwares are used to
get better insights of customer and companies must understand the power
of big data.