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"Navigating the shift to BIG DATA 2.0"

BIG DATA 2.0 - Cataclysm or Catalyst?

BIG DATA 2.0 - Cataclysm or Catalyst?

White Paper: actian

Four undeniable trends shape the way we think about data – big or small. While managing big data is ripe with challenges, it continues to represent more than $15 trillion in untapped value. New analytics and next-generation platforms hold the key to unlocking that value.

Understanding these four trends brings light to the current shift taking place from Big Data 1.0 to 2.0, a cataclysmal shift for those who fail to see the shift and take action, a catalyst for those who embrace the new opportunity.

Key take aways from this white paper:

  • 5 Advancements of Big Data 1.0

  • 5 Challenges of Big Data 1.0

  • Big Data 2.0 – Transformational Value

  • Big Data 2.0 Means Big Value Times Ten

 

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What is

What is Big Data ?

Big data is the act of collecting huge amount of enterprise data that can be used for future analysis. Big data helps all kind of industry data to grow securely that includes government, banking, retail, education and healthcare. Big data stores all kind of data including structured, unstructured and semi structured data, which contains valuable information about core functions of an enterprise such as finance, marketing, procurement.

What is Analytics ?

Analytics is the process of obtaining an optimal and realistic decision based on examining existing data, typically large sets of business data, with the aid of mathematics, statistics, specialized systems and software. In the last few years use of analytical methods to extract useful insights from data have gained immediate importance and has helped several companies improve their business performances.

What is Business ?

By definition a business is an organization or economic system with consistent and typical exchange of produced goods and offered services for one another or for money to fulfill human needs. Types of businesses, Non-Profit business: This is a type of business with charitable or educational goal rather than earning money from its services.

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