The term big data represents a huge volume of data including both structured and unstructured data that is inspected for insights leading to make better decisions for business strategies. For example, 1,024 terabytes of data comprising of billions of records of people obtained from various resources like social media, mobile data, etc. is a big data.
Some of the popular Big Data tools used by mobile app developers in India and other countries are MongoDB, Spark, and Hadoop. This article covers the latest big data trends that are important to know and implement in business planning.
1. Artificial Intelligence
Artificial Intelligence (AI) is used both by small and big businesses to enhance their business operations. The AI trends clearly reveal the enormous growth of AI usage among various industries. These AI platforms are more accurate and also minimize the possibility of errors.
AI has improved the overall flow of routine business tasks such as data sorting. This enables employees to concentrate on vital tasks and give more time on improving the quality of service. This technology has yielded great success by reducing man-hours spent in managerial tasks and providing solutions to boost the ROI of businesses.
2. Internet of Things
Internet of Things (IoT) is another big data trend which refers to anything that connects to the internet, gathers and shares data. The examples are a smart TV, tablet, and controlling home devices from a smartphone, etc. At present, IoT is expected to be used for new instruments that can gather, examine, and process data.
The research shows that the IoT market is estimated to grow from $157 billion in 2016 to $457 billion by the year 2020 thereby acquiring a compound growth rate of 28.5% per annum. The customers should know about almost everything done by your business and for that, you need to hug IoT technology. IoT provides a novel chance for businesses to invest in entities that will soon take gigantic forms.
3. Improved Cybersecurity
Data hackers are a potential threat to a company’s reputation and causing a substantial loss of income. A dark side of technology enhancements is that more people are misusing them to hack networks and abduct data. So it is important to implement cybersecurity in order to stop hackers from stealing your sensitive business data.
Improved cybersecurity is a constant trend that most of the organizations have kept on the top of their agenda. Big data is being incorporated into cybersecurity by security log data which helps organizations to detect the possible cybersecurity threats and prevent them.
4. Smarter Chatbots
AI-empowered chatbots are being used by most of the businesses to tackle customer queries and providing fantastic customer support. The current trend is to make these chatbots smarter with more data inputted into the database so that chatbots can respond to more queries efficiently.
Besides providing a great customer experience, these chatbots also present essential insights into the conversion rate of your clients. So you need to use smart chatbots to impart a great degree of customer satisfaction and achieve higher customer retention rate.
5. Fame of Clouds
The usage of Clouds and specifically Hybrid Clouds are gaining immense popularity. These are very useful for storing data in a secure manner. Hybrid Cloud is used to merge a business’s private Cloud with the fee of a public Cloud.
The foremost benefit of using Hybrid Cloud is that it facilitates the data transfer back and forth among public and private Clouds. This provides more deployment options to you and flexibility in your business.
Summary
The businesses need to get marketing big data analytics software and the associated data management tools to stay ahead in the ever-growing competitive market. With technology enhancements, more data trends are likely to come in the future. Consider these above mentioned five big data trends for your future business strategies and achieving sure success.