We probably all know that obesity is becoming a big problem in the developed world and just becoming bigger similiarly data analysis is becoming an important part of the businesses growth. Big data is the act of collecting large data sets from traditional and digital sources to identify trends and patterns. It is very necessary to get understand the structured and unstructured data in order to make right decision for the businesses to grow.
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Data is everywhere. In fact, the amount of digital data that exists is growing at a rapid rate, doubling every two years, and changing the way we live. Data science and data analytics, people working in the tech field or other related industries probably hear these terms all the time, often interchangeably. However, although they may sound similar, the terms are often quite different and have differing implications for business. Knowing how to use the terms correctly can have a large impact on how a business is run, especially as the amount of available data grows and becomes a greater part of our everyday lives.
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Business intelligence comprises the strategies and technologies used by enterprises for the data analysis of business information. And it provides historical, current and predictive views of business operations.
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There are some key skills that go in a resume which make for a good and professional data scientist.
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It can't be denied that Big Data is a hot topic in present times. But there are businesses still struggling to shift from concept to execution. The only new thing which allows us to make sense of this information is analytics. The primary goal of analytics is the exploration or application of analytic techniques to large amounts of information in variety of types including unstructured data which comprises of text strings, sound and movie files, documents, images, geo-location data, and documents.
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According to estimates, 80% of world data is unstructured. This data resides in social media feeds, digital photos, emails, and audio files, to call some. Unstructured data are often onerous to research, which suggests businesses will fail to utilize the treasure hoarded wealth of data they need access to. That is wherever fashionable business intelligence tools are available in.
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It can't be denied that Big Data is a hot topic in present times. But there are businesses still struggling to shift from concept to execution.
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By 2035, this A.I.-powered push will provide a $14 trillion boost to the global economy, consulting giant Accenture predicts.
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Data is a gold mine of insights. It is important to have an integrated information architecture that facilitates better insights on multi-dimensional information to cater to business decision making and important events.
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