FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Why is big data important? Companies use big data in their systems to improve operations, provide better customer service, create personalized marketing campaigns and take other actions that, ultimately, can increase revenue and profits.

Detailed explanation-2: -One benefit big data and business analytics can help improve decision making is by identifying patterns. Identifying problems and providing data to back up the solution is beneficial as you can track whether the solution is solving the problem, improving the situation or has an insignificant effect.

Detailed explanation-3: -Big data analytics helps organizations harness their data and use it to identify new opportunities. That, in turn, leads to smarter business moves, more efficient operations, higher profits and happier customers. Businesses that use big data with advanced analytics gain value in many ways, such as: Reducing cost.

Detailed explanation-4: -Put simply, big data is larger, more complex data sets, especially from new data sources. These data sets are so voluminous that traditional data processing software just can’t manage them. But these massive volumes of data can be used to address business problems you wouldn’t have been able to tackle before.

Detailed explanation-5: -Big data analytics helps companies collect, process, clean, and analyze large datasets so that they can uncover trends, patterns, and correlations from a large pool of raw data. This helps the companies make data-informed decisions, thereby promoting business growth.