Tuesday, January 28, 2020

What is Big Data and its importance?

Big Data is playing a key role in the field of marketing although not everyone takes advantage of its full potential, especially since they don't know for sure what exactly it is and also because of the " fear " of trying something new.


According to Big Data training institute in Bangalore, Big Data is the set of computer tools that have as their purpose the collection, management and analysis of huge volumes of data that cannot be managed by traditional tools and with which it is allowed to collect a huge amount of information about companies, customers, etc.


Who has access to all this data and knows how to interpret it correctly, will have a great advantage over the competition . All this is not something new, but before only the large multinationals had access; Nowadays there are companies specialized in assuming that important work and others, they decide to take the step forward and hire one or two experts in this field to start up all their know-how in search of results.


With Big Data you can reach audiences that have not yet been reached and allow you to perform better marketing strategies, especially with regard to B2B (Business to Business).


Another point that should not be taken into account is that with the implementation of Big Data and with a correct analysis of all the information that is collected, any strategy to make the best decisions in a campaign can be redirected in a much more accurate way of marketing for example.


This has its price, both money and work, but business success is inherent in Big Data, something so important that more and more companies are taking advantage of their full potential.


According to a study entitled " Marketers struggle to reinvent themselves ", around 76% of the marketing managers of the main companies are aware of the great importance of Big Data although the analysis of this data is not applied correctly or simply is not performed .


Approximately 50% recognize that many of the business decisions that are made are made simply on hunches or instinctively , without taking into account the analysis of the information collected.


It is necessary to take the step , adapt to the new times and current technologies that allow for better marketing campaigns with the consequent benefit for companies that bet on them.


Interested in Learning more, Get enroll from Big Data training institute in Bangalore, the India's largest E-Learning platform and become expert in Big Data.