The internet world is filled with huge information. This huge information can be termed big data. In recent years especially huge amount of data is generated with the rising use of the internet by most of the population. By using big data analytics customer needs and buying patterns can be understood and then solutions can be framed in line with the needs of the customers. The collected data can be utilized to improve the services offered by the businesses or institutions. Targeted delivery of beneficiary schemes can be made more successful with the help of big data analytics.
The proper utilization of open-source data, information technology can help in improving human development indices. It is possible to direct targeted relief efforts in case of natural disasters with the help of big data analytics. Big data can be utilized by all forms of businesses for extracting the most valuable data and directing the services or benefits accordingly. Big data can be utilized by private institutions as well as government agencies for extracting the most valuable information from it.
It is possible to revolutionize businesses by making the best use of the available data by using big data analytics. The combination of technology and analytics can collect and compile novel data and can process it in a more useful as well as timely way to help in the most accurate decision making. Business solutions can be improved according to the needs of the clients by realizing it from the extracted data.
Challenges related to big data include capture, analysis, storage, search, updating, transfer, sharing, and most importantly privacy of the information. Big data analytics technology can be the greatest boon to society if this technology is utilized for the highest good of society and it depends on the people utilizing this valuable technology.
Big data technology is emerging as a powerful tool. If used sensibly and constructively, big data technology can help save lives and to help build a better future for citizens. Big data technology enhances the capabilities of disaster management systems. Big data technology along with Artificial Intelligence play the most crucial role in improving healthcare services. These technologies help to deliver customized services to patients and also to keep a good track of the health of the patients and thereby contribute to the overall healthcare system in a better way. These technologies hold the potential to anticipate dangers and thereby take necessary precautions to avoid the most critical situations by taking early actions to treat the patients.
Big data technology can be used in healthcare for predicting diseases, prescribing medicines, using clinical data to improve patient care, and overall optimizing treatment. Since extreme weather events and climate change demand proactive measures to develop resiliency, Big Data technology can bring in the right information and it will help in making informed decisions to minimize the threats due to climate change.
The application of big data technology is practically in every field. The more one deals with it carefully the more one can derive maximum benefit from this technology. Big data technology is good for the purpose of revolutionizing business solutions by allowing them to offer the most constructive solutions according to the needs of their clients.