Big Data In Practice From Buzz Word To Business Benefits – An Infographic

by Emily on February 27, 2017

in Articles

We’ve been hearing about the term big data for a long time now. Many predicted it would completely revolutionize businesses the world over and aid them in making better strategic decisions. This infographic from Colourfast outlines the results of big data initiatives at some of the biggest companies in the world.

The primary benefit of big data has indeed been in help companies make better strategic decisions. Interestingly, big data initiatives are embraced most frequently the retail industry, with big data being part of business processes for 27% of retailers.

However, many companies are having issues with implementing big data initiatives with inadequate analytical know-how and data privacy issues causing major internal issues. Implementing big data initiatives requires a staff with a well-rounded skillset, as otherwise there is the potential for big data to become a burden rather than a differentiator.

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