how you would use the application of Big Data to make better and faster business decisions.
You can use an actual company or use an innovative idea for this discussion.
100 - 200 words
Answer:------------
With the speed of Hadoop and in-memory analytics, combined with the
ability to analyze new sources of data, businesses are able to
analyze information immediately – and make decisions based on what
they’ve learned.
By analyzing data from system memory (instead of from your hard
disk drive), you can derive immediate insights from your data and
act on them quickly. This technology is able to remove data prep
and analytical processing latencies to test new scenarios and
create models; it's not only an easy way for organizations to stay
agile and make better business decisions, it also enables them to
run iterative and interactive analytics scenarios.
In markets from financial services and retail to manufacturing and
health care, companies are rushing to embrace the promise of big
data. By tracking ever more data, managers hope to understand both
their businesses and the ways in which customers interact with
them. But simply collecting terabytes of data to produce charts and
corporate dashboards misses the true scale of the opportunity.
Effective data-based decisions are not made in response to
simplistic data reporting; they are made in response to considered
and ongoing data analysis.
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