Implications of big data for society

Implications of big data for society

Big data analytics takes the small pieces of each individual life and fits them into the bigger puzzle of our shared reality. That puzzle reveals a broader picture what we search for, where we go, that benefits all of us.

The important attributes associated with the data sets are; 

Data is a transmissible and storable computer information

knowledge derives an understanding from the data and more data the more information, therefore, more knowledge embedded in it. 

In both the public and private sectors, decisions are increasingly being guided by data. Whether it's in forecasting market trends, optimizing supply chains, or developing new products, data analytics provides tailored and specific business insights for organisations. 

Big data can reduce costs in storing all of a business's data in one place. Tracking analytics also helps companies find ways to work more efficiently to cut costs wherever possible.