Big Data, Big Opportunity
Big Data is one technology term that you might keep on hearing every other day, if you are somehow related to the Information Technology sector. Harnessing the power of Big Data has become imperative for industries to excel in their business endeavors and to edge past their competitors. The capability of business organizations to accumulate, organize and analyze vast proportions of structured and unstructured data can allow them to draw quantifiable insights for their business models.
Statistics related to Big Data Generation:
- According to analysts, a staggering 7 ZetaBytes of data has been generated worldwide, as of 2014
- Global mobile subscriptions stand at 6 Billion
- Facebook has 1.28 Billion active users
- There are 271 million monthly Twitter users
- 90% of the world’s data has been generated in the past 2 years
- Mobile web traffic is expected to rise by 61% percent
Big Data Analytics is governed by 3 V’s, viz., Volume, Velocity and Variety – all of which are being generated at an explosive rate. The rate at which data is generated, organizations can face a tough time dealing with the accumulation, storage and analysis of Big Data if they lack the right tools and resources. There are many Big Data Companies that are proficient in managing and analyzing the diverse and incoming streams of data into actionable insights that can help businesses to identify early market trends. These Big Data Companies are equipped with the requisite technology, resources and infrastructure to extract only the most functional data sets for further analyses and implementations.
Clavax Technologies is one of the many Big Data Companies in California, which offers their services in analyzing and managing large amounts of data to leverage the performance of their partner companies. The company has a team of highly skilled programmers, technology consultants and analysts who are dedicated to offer the best of the available technology solutions in the field of Big Data Analytics.