Five reasons Big Data will offer big opportunities to businesses that invest in understanding the massive amount of data that comprises their worlds.
Today, an ecosystem of predictive analytics firms is building solution sets around Hadoop, the de facto standard for managing massive, unstructured data sets. This is allowing Big Data to come out of the statistical closet to start answering real-world business problems as well as providing insights into everything including the correct inventory of shoes to maintain based on correlations between sales trends from big box stores, twitter feeds from ”Project Runway” and possibly current hair styles.
In 2013, ICC believes there are five reasons Big Data will offer big opportunities to businesses that invest in collecting and understanding the massive amount of information that now comprises their worlds.