How Different Industries are Using Big Data? |
Posted: September 11, 2017 |
Businesses are changing the way how they use to take decisions, deriving insights from big data. Industry influencers, academicians, and other thought leaders agree that big data is making impact on business decisions. Reasons behind the popularity of big data are it can give insights derived from diverse data sources, improve business performance through real-time analytics and avoid possible risks through rigorous risk analysis. Some industries that largely use big data are: • Healthcare • Public Sector • Education • Insurance • Travelling • Banking and Finance Healthcare Industries: In medicine and healthcare, big data plays a huge role. It is a great help for physicians to keep track of all the patients’ history. After the consultation or treatment, the patients’ data will be stored in the database safely and will be used whenever required that is available in a segregated format. Now a days, all medical devices are developed in such a way that to make them adapted to big data technologies. Big data analytics is used to such an extent that doctor prescribes medicines without even facing the patient, but by knowing the heartbeat through smart watch that is fitted on the patient’s hand. Public Sectors: Big data offers a large set of advantages to the public/government sectors, in the areas of power investigation, fitness interconnected exploration, and economic promotion investigation. The Food and Drug Administration (FDA) uses big data to detect and study patterns of food related illnesses and diseases. Educational Sectors: Big data has great influence in the education world. Today almost everything can be learned online and even all study materials are available online. Apart from online learning, there are many examples of using big data in the education industry. Insurance sectors: Using big data intellectual services help insurance companies reduce the time needed to process complex claims from two days to just 10 minutes. Big data also helps identify and eliminate fraud activities and revenue leakages. Big data also helps better understand customers. In claims area, big data and business intelligence enables more rapid services. Travelling Sectors: Big data is used by leading international airlines to improve the customer experience. Flight crews now use mobile devices to access customer data, including diseases they are suffering from, food they require, seat preferences, and previous travel history to offer personalized services. A leading airline has launched first-of-its-kind customer insights program to its customers. Banking and Finance Sectors: Now a days, big data is implemented in all banking sectors and it is hugely used in the fraud detection, which rectify all the mischief tasks done. It detects any misuse of credit cards, misuse of debit cards, customer statistics alteration, and also enables public analytics for business, IT action analytics, and IT strategy analytics. Big data applications are used not only in the above-mentioned sectors but also used in the retail and wholesale trade, manufacturing and natural resources industries, communications, media and entertainment platforms. If you want Big Data Analytics services, Let USM Business Systems help you, USM Business Systems is one of the leading analytics companies in USA. USM provides end-to-end big data services in building data management strategy, implementation of data warehouses, building analytics and visualization frameworks. Reach Mobile App Development Companies Sharjah
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