Today, large companies typically use their data to help them make more educated business decisions. This strategy can actually benefit smaller businesses as well. However, they often don’t think they have enough data to facilitate analytics or BI (Business Intelligence) platform. Let’s take a look at how small businesses can use their big data.
CAI Managed IT blog
Utilizing the data that you have acquired is a process that is referred to as business intelligence. Regardless of your business’ size, business intelligence solutions can deliver definite benefits. We’ll review a few of these benefits here.
When you think about Big Data, thoughts typically turn to how businesses use the technology to collect and analyze massive amounts of information for the purpose of making sweet profit. Although, there's much more to Big Data than making money; scientists are using the technology to help save the rainforest.
IT requires several factors in order to function properly. First of all, it can’t exist without information, and this information can’t exist without data. Technology is what creates data so that your company can take advantage of changes in the industry and business environment. It might seem like a lot to take in, but understanding the flow of data is necessary for a business owner. Otherwise, you won’t be able to take advantage of it to jumpstart sales and profitability.
As the calendar fast approaches 2015, the topic of IT budgeting for the new year is a hot topic. It’s the time to decide how much you will spend in comparison to how much you should spend. Budgeting can be a difficult decision, especially if you’re a small business owner with a limited budget. Thankfully, you don’t have to take on this important part of business alone.
The Internet of Things is on its way, and more devices are connecting to the Internet than ever before. Unfortunately, this also means that more devices are vulnerable to the threats that cybercrime poses. Some professionals believe that, despite the obvious benefits that the Internet of Things provides (i.e. big data analytics) some cyber criminals might turn to more nefarious schemes.
Most of the Internet's data is stored in data centers. Logistically, data centers are a great solution to store ridiculous amounts of data. However, from an environmental perspective, data centers may be doing more harm than good. This, according to a new report by the National Resources Defense Council.
Civilization has passed through various ages, like the Stone Age, the Ice Age, Bronze Age, and so on. And now, we're progressing through another one - the Data Age. In fact, 90 percent of the world's data was created in 2013. With each new device and system comes an incredible amount of data that must be processed, stored, and catalogued. This is Big Data, and the way that your business works with this information will determine the success of your business in the Data Age.