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3 Huge Ways Big Data Analytics Benefits Businesses

Smart Data Collective

Savvy business owners recognize the importance of investing in big data technology. Companies that utilize big data strategically end up having a strong advantage against their competitors. However, despite the benefits big data provides, companies that are using it are in the minority.

Big Data 338
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How Big Data Technology Helped Fight The Pandemic

Smart Data Collective

Big data and AI technology have played a huge role in dealing with some of the challenges that arose. We previously talked about the benefits of big data and BI in overcoming the problems the pandemic caused for businesses. This wouldn’t have been possible without major advances in big data technology.

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QR Codes Leverage the Benefits of Big Data in Education

Smart Data Collective

The field of academia is more dependent on big data than ever before. Educational institutions reportedly spent over $13 billion on big data in 2020. Expenditures on big data in academia are projected to be worth over $57 billion by 2030. They can only store around 3,000 bytes of data.

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Benefits of Using Big Data to Assist with Digital Adoption

Smart Data Collective

However, this transition isn’t easy and wouldn’t be possible without major advances in big data technology. Big data has been the epicenter of digital adoption in recent years. This is why companies around the world spent over $162 billion on big data last year. trillion in 2022 and $2.8

Big Data 283
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Fleet Management and Big Data: Points to Consider

Smart Data Collective

This ever-growing volume of information has given rise to the concept of big data. And I do not mean large amounts of information per se, but rather data that is processed at high speed and has a strong variability. The domain of logistics is no stranger to innovations either. Maintenance. Fuel costs are rising globally.

Big Data 357
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Big Data has Permanently Changed the State of Securities Trading

Smart Data Collective

The financial analytics market was worth an estimated $6.7 Big data technology keeps reshaping the business landscape and companies have started realizing the importance of using data and analytics in their decision-making processes. Stock trading is an area where data and analytics are now more critical.

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Redefining Remote Work and Ensuring Productivity with Big Data

Smart Data Collective

Big data technology is changing the way companies around the world are operating. One of the biggest advantages of big data is that it has improved the quality of remote work. Before recent advances in data technology, remote work wasn’t regarded to have the same status as working in an office.

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