MAs a business owner, you must have come across the word ‘Big data’ and you are probably wondering what the heck this is. In layman terms, big data refers to large volumes of data while big data solution refers to the technology that an organization employs to handle, process as well as store these large volumes of data.
Big data solution providers are crucial to a business in this age of the Internet of Things. They help a business to analyze and interpret their data. They also ensure that the business is digitally compliant as well as offer other sales-boosting solutions such as customer experience analytics.
If your business is just a recent startup and the amount of data can be easily handled in-house then there is no need. However, if the data volumes are massive like in the ranges of terabytes and petabytes, then it is wise to consider a big data solution.
It is hard to imagine but all big data was once small data so it is wise to consider a solution as early as possible because as the business grows, so does the data.
It makes business operations efficient and helps in making informed and low-risk decisions.
It also helps in improving customer experience as well. The ability to analyse customer needs means that a business is able to tailor-make their products and services to properly suit their customer’s needs.
Basically, big data has revolutionized business in a big way. It has made businesses adapt very fast to the changing trends so as to stay on top of the game.
There are so many big data solution providers out there and they all vary in cost and quality of services. So what exactly should you be looking for when choosing one for your business?
Security of your data: The topmost consideration is how safe your data will be against any form of hacking, leakage or tampering.
Accessibility: You must be able to access the data anytime you wish to and from anywhere you are. Your provider should also allow for easy retrieval of data in different formats be it graphs, maps, charts or any other form.
Data Compression: Big data requires massive storage space which comes at a large cost and so you should consider a provider that uses data compression technology to lessen the cost of ownership.
Scalability: You might find that your business may require a larger storage space than earlier anticipated forcing you to upgrade. Your provider should be able to allow for the upgrade at a considerable price.
Instant feedback and real-time analysis: It is important for a business to know what is currently happening so that they react in the earliest time possible.
Regardless of the industry, a business is in; big data solution providers will come in handy at some point. The rapid growth of data is undeniable. As of the end of 2018, the amount of data existing in the digital world was estimated to be 2.7 Zettabytes. And much more is expected as more devices get connected.