“Big Data” has completely changed the landscape of doing business. It’s really a story of a few leaders adopting data as a tool and the industry falling into line thereafter. Google, eBay and LinkedIn were some of the first to orient their organizational strategy around driving business intelligence through increased data quantity, quality and variety. This drove higher demand for data across industries as these three began to influence other industry players and business models based on their success with using data as a lynch-pin to strategic growth. And as you might guess, the more prevalent the emphasis on data became in the war rooms across the globe, the more suppliers across the service chain began providing data accessibility to the marketplace. Data has now become widely available and in more wide-ranging formats, types and contexts; and data as a key component to strategy has moved from “nice-to-have” to “can’t-do-without.” In fact, the term “Big Data” is a reference to the variety and availability of data as a single large information source. In addition, “Big Data” infers analysis. When given a tool like quality data in relevant quantities and variety, it is assumed that the data is useful only when pooled together and analyzed to guide decision-making and strategy development.
When done correctly and with proper analysis on good data, insights are the result which inform decisions and strategy. This cycles into a consistent flow of data and business intelligence leading organizational decision-making, and company success and growth naturally follow.
Here are some of the top benefits we hear from our clients when we deliver data analytics solutions for them using Big Data.
There are a handful of criteria that define whether your analytics are based on Big Data or not. We like to call these the “Key Three V’s of Big Data.”
If you are interested in devising a Big Data strategy that fits your business, we’d love to help. We have a team of seasoned data engineers, analytics experts, and IT professionals that are ready to help you come up with the right Big Data solution for your organization. Click the button below and we’ll help answer any questions you might have and put you on the right path toward making use of Big Data.
Curious to learn more? Contact your local managed IT service provider?
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”