Inspiration, imagination, Innovation, Invention

Home » Business models » Big Data: Turning volume, variety and velocity into Big Sales

Big Data: Turning volume, variety and velocity into Big Sales

This blog originally appeared on Sogeti’s technology trendlab called ViNT – Vision Inspiration Navigating Trends

Many companies asked themselves how they can use the big amount of data in organized and valuable data. Data which they can use to increase their Sales for example. Big Data has a huge potential and here are benefits of Big Data that companies cannot ignore. On the website Cloudtweaks I found a nice overview of Big Data benefits:

·         Information is transparent and usable at a much higher frequency.

·         Better management decisions, based on more objective data analysis;

·         Forecasting industry trends or customer needs;

·         Better customer segmentation that ultimately helps them tailor their products and services;

·         Faster development of innovative products or services.

Big Data is here to stay but we are not there already. About this process PROS has made a nice infographic I would like to share today.

Source: http://www.cloudtweaks.com/2013/02/big-data-and-the-cloud/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: