Big Data is emerging from the realms of science projects at Web companies to help companies like telecommunication giants understand exactly which customers are unhappy with service and what processes caused the dissatisfaction, and predict which customers are going to change carriers. To obtain this information, billions of loosely-structured bytes of data in different locations need to be processed until the needle in the haystack is found. The analysis enables executive management to fix faulty processes or people and maybe be able to reach out to retain the at-risk customers. The real business impact is that big data technologies can do this in weeks or months, four-or-more-times faster than traditional data warehousing approaches.
The IT techniques and tools to execute big data processing are new, very important and exciting.
Enterprise practitioners believe the potential value of Big Data is significant, but many are struggling to derive maximum value from their investments in related technology. While a majority a Fortune 500 companies have Big Data deployments in production, and a significant percentage of mid-sized enterprises have proof-of-concept and pilot projects underway, We estimate that close to half have not realized the level of value anticipated at their onset.
Providing effective business analytics tools and technologies to the enterprise is a top priority of CIOs and for good reason. Effective business analytics � from basic reporting to advanced data mining and predictive analytics � allows data analysts and business users alike to extract insights from corporate data that, when translated into action, deliver higher levels of efficiency and profitability to the enterprise.
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Big Data Training for FastTrack Session on Mar 29- Apr 2, 2014