Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 Min Read
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: What’s the Big Deal About Big Data?
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Mining > What’s the Big Deal About Big Data?
Big DataData Mining

What’s the Big Deal About Big Data?

MindOverMachines
MindOverMachines
4 Min Read
Image
SHARE

ImageBig data is getting tons of attention these days. But why?

Big data is big business. Trillions of bytes of information are generated everyday by businesses large and small. And right in the middle of the big data picture are consumers as they browse, shop, share and communicate both online and offline.

Contents
Big data is getting tons of attention these days. But why?Big data is getting tons of attention these days. But why?

ImageBig data is getting tons of attention these days. But why?

Big data is big business. Trillions of bytes of information are generated everyday by businesses large and small. And right in the middle of the big data picture are consumers as they browse, shop, share and communicate both online and offline.

Let’s take a look at some statistics about data growth from a McKinsey Global Institute report on Big Data: 

  • 15 out of 17 U.S. business sectors have more data stored per company than the entire Library of Congress
  • By using big data to drive efficiency and quality, it is estimated that retailers could increase operating margins by as much as 60%
  • By 2018,  the United States alone could face a shortage of 140,000 to 190,000 people with the deep analytical skills required to understand big data

Business leaders are now faced with a new challenge of harnessing, analyzing, and gaining insight from this massive amount of data. Huge opportunities await those that rise to this challenge and take action.

More Read

Marketing Strategy
5 Ways Big Data is Changing Marketing Forever
NYT charts Michael Jackson’s pop hits
Data Visualization: Accelerating the Decision Management Process
Adaptive Planning “Suitens” Its Offering
Cloud And Big Data Technology Are Disrupting Injection Molding

At the October 31st installment of the Mind Over Machines Tech Trilogy, we’ll look at how a diverse group of organizations made data a priority, along with the results they achieved.

In our discussion you’ll learn about:

 

  • A legal services firm that was so good at mining courtroom data for clients, it spun out its own prospecting business, which was profitable from week 1
  • A healthcare  provider that grew to $3B by rapidly acquiring the best targets while its competitors were still trying to figure out which deals were worth pursuing
  • A corporate services firm that mashed and enhanced public databases to identify the best prospects, blowing sales through the roof

 

I’ll also walk you through a story of how data mining and clever social media turned raw data into a living, breathing movement that changed minds and even policy—data helped us beat the Maryland Tech Tax!

With data you can dig deeper and do amazing things, like exposing relationships and opportunities that weren’t obvious. From a strategic standpoint, data can be instrumental in helping you pinpoint and achieve your top business priorities.

Join Mind Over Machines on October 31st for a unique networking and learning opportunity, as we present “Is Big Data Scaring You?” Participate in the discussion, share your stories, ask some questions, and we’ll all learn something. For more information and to register for this no-charge event, click here.

 

Tom Loveland is the Founder and CEO of Mind Over Machines. Don’t hesitate to drop Tom a comment on this post. Follow Tom on Twitter or connect with him onLinkedIn for more technology commentary.


Image Source

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

big data analytics in transporation
Turning Data Into Decisions: How Analytics Improves Transportation Strategy
Analytics Big Data Exclusive
AI and fund manager software
AI And The Acceleration Of Information Flows From Fund Managers To Investors
Artificial Intelligence Exclusive
sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

data lake vs data warehouse
Data Lake

Differentiating Between Data Lakes and Data Warehouses

7 Min Read
big data analytical team
AnalyticsBig DataExclusiveNews

Big Data and the Psychologists’ Role on the Analytical Team

6 Min Read

Best Movies for Big Data Analytics & Machine Learning

3 Min Read
google+ and big data analytics
AnalyticsBig DataExclusiveSocial DataSocial Media Analytics

Google+ Is After Your Friends with Big Data and Beautiful Photos

5 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?