Why is Big Data Analytics Important?

Why is Big Data Analytics Important? It provides better decision making. Better decision making in terms of the data accuracy which has been provided.
The analytics results which would be obtained much more accurate than the ones obtained by us. More a smaller portion of the dataset. That is by big data is became very popular. That is the reason why, one of the reasons behind importance of big data analytics is that. It provides better decision making. Better decision making in terms of the data accuracy which has been provided. And of course, it will go through the entire dataset. The chances of deviation from the real results will be less. Apart from that, according to the survey, 16 people of the peoples. They felt that it provides better enabling went off key strategic initiatives. If you have better perform, are we on a larger dataset. You have a much more accurate set of information about the users? Of course, it will provide you with a better enablement of these strategic initiatives.
You will have better initiatives which would be taking place then apart from that. Another one would be better relationship with the customers. I just discussed, that one of the applications of big data analytics is in recommender systems. If a user is being recommended products which are much more accurate. Depending upon the particular user's taste. Therefore, it would ultimately lead to better relationship with the customers. Then other 9% of the people, they felt that it provides better sense of risks and provides better financial performance as well.

Sense of Risk:

Better sense of risk in the sense that if we know if you're going through the entire dataset, then we are also aware of the risks which can occur. It provides you with a much more accurate sense of the risks. And of course, if you are going to go through the entire financial data set, then it will provide you with a better financial performance as well. And apart from that, 6% of the people, they feel that there might be other reasons why people are moving towards big data analytics. So, we discussed why one should adopt big data analytics with better results, for better customer relationships, for better performance, better financial gains etc.
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