Big Data Analytics

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With companies now realizing that Analytics & Big Data are the key drivers for their organizations growth, the demand for data scientists has risen phenomenally. The analytics and big data sector has seen a consistent growth over the last five years despite an increasingly uncertain global outlook. From understanding consumer behavior, to predicting market trends, even right down to product features, many business decisions today are driven by Data Analytics.

The concept of big data has been around for years; most organizations now understand that if they capture all the data that streams into their businesses, they can apply analytics and get significant value from it. The new benefits that big data analytics brings to the table, however, are speed and efficiency. Whereas a few years ago a business would have gathered information, run analytics and unearthed information that could be used for future decisions, today that business can identify insights for immediate decisions. The ability to work faster - and stay agile - gives organizations a competitive edge they didn't have before.

In 2016, big data applications will be seen in almost all sectors, thanks to the explosion of data around us. This is true not only for the Indian ecosystem but also around the globe. Analysts feel that the adoption of big data technologies is bound to increase in 2016. Big data will see the biggest growth in the public sector, telecom, banking, financial services, retail, among other verticals.