{"id":2150,"date":"2017-07-18T04:20:13","date_gmt":"2017-07-18T04:20:13","guid":{"rendered":"https:\/\/www.octalsoftware.com.sg\/blog\/?p=2150"},"modified":"2019-11-15T12:56:17","modified_gmt":"2019-11-15T12:56:17","slug":"how-big-data-is-significant-in-solving-real-world-problems","status":"publish","type":"post","link":"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/","title":{"rendered":"How Big Data is significant in solving real world problems?"},"content":{"rendered":"<p>Most people in the tech world are gung-ho about the virtues of Big Data analytics. Don&#8217;t we always keep hearing these stories about how Big Data analytics are hugely helpful to the companies? Not only it doubles up customer retention, but it also increases cross-sell to a great extent and allows the companies to cut costs by 95%.<\/p>\n<p><!--more--><\/p>\n<p>In fact, business leaders are just so fervent about its potential of transforming a business that in some spheres, it is also being regarded as &#8220;the planet&#8217;s new natural resource.&#8221;<br \/>\nDespite the fact that most people keep promoting a specific tool or solution, what remains crucial to succeed with Big Data is solving business problems. So, here, let&#8217;s begin by understanding Big Data.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_41_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69f037c2dd30f\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69f037c2dd30f\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#So_what_makes_Big_Data_different\" title=\"So what makes Big Data different?\">So what makes Big Data different?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#Here_are_the_few_definitions_that_help_understand_Big_Data_better\" title=\"Here are the few definitions that help understand Big Data better\">Here are the few definitions that help understand Big Data better<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#How_to_make_the_right_move_to_make_the_most_out_of_my_Big_Data\" title=\"How to make the right move to make the most out of my Big Data?\">How to make the right move to make the most out of my Big Data?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#What_are_the_kinds_of_problems_that_Big_Data_can_efficiently_solve\" title=\"What are the kinds of problems that Big Data can efficiently solve?\">What are the kinds of problems that Big Data can efficiently solve?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#Which_Big_Data_Solution_is_Best_for_your_business\" title=\"Which Big Data Solution is Best for your business?\">Which Big Data Solution is Best for your business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#Which_Big_Data_solution_to_select\" title=\"Which Big Data solution to select?\">Which Big Data solution to select?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#Final_Note\" title=\"Final Note:\">Final Note:<\/a><\/li><\/ul><\/nav><\/div>\n<h5><span class=\"ez-toc-section\" id=\"So_what_makes_Big_Data_different\"><\/span>So what makes Big Data different?<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Well, to start with, Big Data can be anything. Like it refers to a technology set or solution architecture, and often it is even used for describing a business challenge. Many a time it is also used to refer to the data and this way the term keeps evolving.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Here_are_the_few_definitions_that_help_understand_Big_Data_better\"><\/span>Here are the few definitions that help understand Big Data better<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>\u2022 Big Data is a collection of Data requiring new forms of processing as it is helpful in enabling enhanced decision making, extracting new insight or a new discovery.<br \/>\n\u2022 Data sets are proficient in terms of high volume, high velocity, and miscellaneous data structures.<br \/>\n\u2022 It is a Data that cannot be processed with the use of standard databases because it is too big, too fast-moving or too complex for traditional data processing tools.<br \/>\n\u2022 Big Data works wonders in the growth of data and how to curate, manage, and process the data within performance goals.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"How_to_make_the_right_move_to_make_the_most_out_of_my_Big_Data\"><\/span>How to make the right move to make the most out of my Big Data?<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Firstly, understand the fact that Big Data is a problem and data challenge, and not a technical issue. This way for most organizations out there the amount of data and processing power is not really a challenge.<\/p>\n<p>Some institutions such as Facebook, Google may face real technical challenges with the amount of data generated and analyzed. However, most businesses don&#8217;t have such issues.<br \/>\nFor them, what comes around like a real challenge is to define the problems that you want to solve with data and ensure that the data is available to help you in solving them. The problem is going to drive the solution regarding which tools and technical solutions work best for your organization.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_are_the_kinds_of_problems_that_Big_Data_can_efficiently_solve\"><\/span>What are the kinds of problems that Big Data can efficiently solve?<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>It starts with a business challenge, product or idea. It varies from price optimization, predicting technical issues before they occur, personalizing customer communication for a product, keeping the business safe, managing risk, reducing the cost of fuel, or it can be anything.<br \/>\nThus, there can be a million problems faced by a cross-functional team in any business that Big Data can efficiently solve.<\/p>\n<p>Next, you need to prioritize a few issues that can deliver a clear return on investment in the short to mid-term with somewhat limited effort. You can start off by solving a couple of different types of problems as that ensures that the solution is flexible and scalable, instead of supporting just a single use case.<\/p>\n<blockquote><p><strong><em>Related Blog: <a href=\"https:\/\/www.octalsoftware.com.sg\/blog\/must-do-ways-to-enhance-mobile-app-downloads\/\" target=\"_blank\" rel=\"noopener\">MUST-DO WAYS TO ENHANCE MOBILE APP DOWNLOADS<\/a><\/em><\/strong><\/p><\/blockquote>\n<h5><span class=\"ez-toc-section\" id=\"Which_Big_Data_Solution_is_Best_for_your_business\"><\/span>Which Big Data Solution is Best for your business?<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>It should be ensured that the problems are clearly defined and tested with end-users or internal stakeholders before you start working on the solutions. As soon as the problem is well understood, it is time to focus on the solutions, as mostly there are a lot of them.<br \/>\nHere we haven&#8217;t yet mentioned unstructured vs. structured data, data lakes, NoSQL, MPP databases, Hadoop, BI tools such as IBI, MicroStrategy, Microsoft BI or SAP HANA. It&#8217;s because there is no generic optimal solution for big data problems or organizations. Thus, what should drive the solution and selection of tools is the business problems and requirements.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Which_Big_Data_solution_to_select\"><\/span>Which Big Data solution to select?<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Before you implement tools, write a single line of code or data query, you can opt to prototype, test, and model the solutions. Once you have successfully proven that it works, you can start with the specification and planning of the technical implementation. This not only saves time and money but also helps in delivering better results.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Getting developed your <a href=\"https:\/\/twitter.com\/hashtag\/mobileapps?src=hash\" target=\"_blank\" rel=\"nofollow noopener\">#mobileapps<\/a> ? Focus on <a href=\"https:\/\/twitter.com\/hashtag\/rapid?src=hash\" target=\"_blank\" rel=\"nofollow noopener\">#rapid<\/a> mobile app <a href=\"https:\/\/twitter.com\/hashtag\/prototyping?src=hash\" target=\"_blank\" rel=\"nofollow noopener\">#prototyping<\/a> for achieving success. <a href=\"https:\/\/t.co\/1dnP2pLrkr\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/t.co\/1dnP2pLrkr<\/a> <a href=\"https:\/\/t.co\/FwJdNmEwFO\" target=\"_blank\" rel=\"nofollow noopener\">pic.twitter.com\/FwJdNmEwFO<\/a><\/p>\n<p>\u2014 OctalInfoSolutionSG (@octalsg) <a href=\"https:\/\/twitter.com\/octalsg\/status\/885758425111552001\" target=\"_blank\" rel=\"nofollow noopener\">July 14, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Final_Note\"><\/span>Final Note:<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Out there you will find numerous of great <a href=\"https:\/\/www.octalsoftware.com.sg\/big-data-service\">Big Data Technology experts<\/a> who help organizations in solving business problems and create new products and services with the help of data. Their methodology enables you to test problems and solutions without investing in expensive technology, and ultimately work their best to deliver great customer success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most people in the tech world are gung-ho about the virtues of Big Data analytics. Don&#8217;t we always keep hearing these stories about how Big Data analytics are hugely helpful to the companies? Not only it doubles up customer retention, but it also increases cross-sell to a great extent and allows the companies to cut [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_uag_custom_page_level_css":""},"categories":[115],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Big Data is significant in solving real world problems?<\/title>\n<meta name=\"description\" content=\"Understand the Big data and know-how it is significant in solving real-world problems. 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Check out the key facts in brief and aware of Big Data advantages,.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/\" \/>\n<meta property=\"og:site_name\" content=\"Octal Info Solution\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OctalInfoSolutionSG\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/OctalInfoSolutionSG\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-18T04:20:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-15T12:56:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.octalsoftware.com.sg\/blog\/wp-content\/uploads\/2017\/07\/big-data.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"443\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Arun Goyal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/octalsg\" \/>\n<meta name=\"twitter:site\" content=\"@octalsg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Arun Goyal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/\"},\"author\":{\"name\":\"Arun Goyal\",\"@id\":\"https:\/\/www.octalsoftware.com.sg\/blog\/#\/schema\/person\/b705e907ce73f52b5f5a51ae670d20d5\"},\"headline\":\"How Big Data is significant in solving real world problems?\",\"datePublished\":\"2017-07-18T04:20:13+00:00\",\"dateModified\":\"2019-11-15T12:56:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/\"},\"wordCount\":817,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.octalsoftware.com.sg\/blog\/#organization\"},\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/\",\"url\":\"https:\/\/www.octalsoftware.com.sg\/blog\/how-big-data-is-significant-in-solving-real-world-problems\/\",\"name\":\"How Big Data is significant in solving real world problems?\",\"isPartOf\":{\"@id\":\"https:\/\/www.octalsoftware.com.sg\/blog\/#website\"},\"datePublished\":\"2017-07-18T04:20:13+00:00\",\"dateModified\":\"2019-11-15T12:56:17+00:00\",\"description\":\"Understand the Big data and know-how it is significant in solving real-world problems. 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