Over the years, big data has acquired two additional characteristics: value and credibility. Data has intrinsic value. However, if they were useful, this value needs to be revealed. Equally important is how reliable your data is – and how much can you trust it.
Big data has become a form of capital today. Think about a systems technology company. The value of their offerings depends to a degree on the data they’re constantly analyzing to improve efficiency and develop new products. There are numerous online sources such as this Big Data Course, where one can learn the concepts and gain in-depth knowledge of the field.
The latest advances in technology are helping to reduce the cost of storage and computing, which makes it possible to store ever-growing amounts of data. Modern technologies allow you to process more accurate and balanced business decisions.
Extracting value from big data consulting company is not just about analyzing it (this is their separate advantage). It’s about a complex research process involving deep analysts, corporate users, and executives who will ask the right questions, make guesses, and predict behavior.
How Big Data Works
Big data allows you to extract new insights that unlock new opportunities and business models. There are three steps to getting started with big data.
Big data allows you to combine data from disparate sources and applications. Traditional data integration mechanisms, such as data extraction, transformation, and loading (ETL) tools, do not do this. Analyzing terabytes or even petabyte datasets requires new strategies and technologies.
During the integration phase, data is added, processed, and formatted to make it convenient for corporate analysts to work with it.
2. To Control
big data needs storage. The storage solution can be hosted on-premises or in the cloud, or both. You can store data in your preferred format and apply your desired processing requirements (and required processing mechanisms) to datasets as needed. Most companies choose a storage solution based on where it is currently stored. Cloud storage is growing in popularity as it supports the latest computing requirements and allows you to leverage resources as you need them.
Your big data investment will pay off when you start analyzing the data and acting on the insights. Take transparency to the next level with visual insights from diverse datasets. Use deep data analysis to make new discoveries. Share your discoveries with others. Build data models using machine learning and artificial intelligence. Put your data into action.
Representatives of consulting agencies note that in the near future, the market will see an increase in the number of non-standard, individual requests from clients.
If we talk about the prospects of individual agency services in the medium term, experts note that the most in-demand in the near future will be “services for raising capital”, restructuring development portfolios, critical assessment of projects, and adaptation of concepts. Agency services will also be in demand by the market, both representing the interests of lessors and the interests of tenants.
There has been an increase in demand for management services and audits of the property management system. Services on transactions with depressed assets will also be quite promising in the near future.
Speaking in general about the prospects for the development of the Ukrainian real estate market and consulting, as its component, Yuriy Nartov notes: “We have carefully and in detail studied and analyzed about 20 well-known real estate crises from 1960 to 2002. In particular, it was found that the average recession period is 2-2.5 years (as for other sectors of the economy). If we start from the existing data, then, starting from the second half of 2010, the start of a recovery in activity is expected, and by 2012-2014, active growth is quite possible. And learn more information here.