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

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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.

1 thought on “Big Data In Practice From Buzz Word To Business Benefits – An Infographic”

  1. Great, very interesting post! I agree that data plays a big part of a business and it can benefit it in many way. We at geniebelt discussing similar posts which i sure would interest you and your audience. Feel free to check it out and leave some comments.

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