Implementation-of-big-data

What is Big Data?

  • Offers good information- 18%
  • Different way to analyze data- 16%
  • New data from new technologies- 13%
  • Giving real-time information- 15%
  • Is large volume of data- 10%
  • Is the non-traditional source of information- 13%
  • Is the buzzword- 8%
  • Data sourced from social media platforms- 7%

Types of Big Data:

  • Structured data- 10%
  • Unstructured data- 90%

Challenges in Managing Big Data in Organizations:

  • Difficult to manage large implementation- 48%
  • Difficulty in managing different solutions- 43%
  • Cost challenges- 40%
  • Challenges in analysis- 36%
  • Less transparency in the process- 31%

Why is Big Data Popular?

  • Helps integrate projects in different departments- 48%
  • Scaling up the old projects- 56%
  • Improving the usage- 35%
  • Improving the security- 54%
  • Scaling the projects to vast geographical area- 43%

Disadvantages of Poor Data and not using Big Data:

  • Poor data cost the US government with around $3.1 Trillion per year
  • 71% representatives stated non-usage of big data could cost organizations heavily

Growth of Big Data:

  • Big Data growth would be 50x from 2010 to 2020.
  • Revenue from big data would be $ 260 billion by the year 2022

Success rate of Big Data:

  • It reduces the expenditure by 49.2%
  • It transforms the future business by 27.9%
  • It helps launch the latest products by 36.1%
  • Facilitates the process driven by data 27.9%
  • Accelerates the deployment of the services by 31.1%
  • It opens up new opportunities by 44.3%

Industries Hiring Big Data Professionals:

  • Scientific services- 25%
  • Information technology- 17%
  • Manufaturing-15%
  • Finance-9%
  • Retail-8 %
  • Administrative- 4%
  • Wholesale trade- 4%
  • Educational services- 2%
  • Other services- 2%

Is Big Data Given More Priority in Industries?

  • Power Distribution- 28%
  • Aviation- 61%
  • Mining- 24%
  • Oil and gas- 34%
  • Manufacturing- 42%
  • Power generation- 31%
  • Wind- 45%
  • Rail- 40%

Organizations Fear of not using Big Data:

  • Competitors would gain market share- 66%
  • Investors would lose faith- 61%

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