Organizations have long recognized that information is critical to making good decisions, but in the era of big data, it’s more important than ever before. Advancements in artificial intelligence (AI), cloud computing, and Internet of Things (IoT) devices have fundamentally altered the way companies collect and analyze data. The sheer scale of data being collected makes it impossible for humans to sort through manually, forcing them to turn to sophisticated algorithms to identify patterns, trends, and unusual insights that can inform business decisions.
Implementing the systems needed to collect and analyze big data is one of the great challenges facing companies today. However, given the significant advantages to be gained from a good big data strategy, many industries are going to great lengths to do so. Lets understand how is digital enterprises capitalizing on data’s real value:
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