Accelerator: Big Data and Analytics

Process of examining large amounts of data dervied from multiple sources to uncover hidden patterns, unknown correlations and other useful information

Big Data and Analytics

Accelerator > Network Applications

Organizations increasingly leveraging analytics and visualization tools to develop quality insights based on exponentially-growing data collected

Definition
  • Collection and analysis of large data repositories to uncover hidden patterns, unknown correlations and other useful information that enables better business decision-making

Outlook
  • Continued explosion in data created, captured, processed and stored
  • Increased company spending on Big Data and Analytics technologies
  • Incorporated Big Data and Analytics solutions into government policy-making processes
  • Emergence of tools and applications automating data gathering and processing

Implications
  • Empowering more timely, intelligent, data-driven business decisions
  • Enabling new ways to engage customers, validate and refine offerings, accelerate revenue growth, work with suppliers, and increase productivity
  • Growing market demand for Chief Data Officers to address Big Data opportunities
  • Aiding advancements in artificial intelligence systems through integration of machine learning, computing power and huge data stores

To what extent are you optimizing use of real-time analytics on customer, operational, competitive and other data to make business decisions?