The development of computer technology and digitalization made it possible to mine and store a massive amount of data. It allows businesses to identify new trends which can be used to make better decisions and seize new opportunities. Big data has become a powerful driver for economic growth, competitiveness, innovation, job creation and societal progress.
Context In today’s digital, connected world, the savviness with which entrepreneurs employ information and communication technologies is essential to competitiveness. However, while digital communication skills have improved across the population generally, the ability to leverage information, especially data, is still underdeveloped. This is a lost opportunity: the volume of data that business owners have access
Benefits of Big Data for Business Organizations There are many small and large business organizations that are making use of big data to derive a lot of amazing benefits. Below are a few examples of how gathering data and using already gathered data can help a business in different stages of its development. Risk Analysis
Implementing a business intelligence software in your company or organisation is more than simply about collecting additional data; it is about making this data work for you in the form of actionable information. The amount of data an organization can collect today from a variety of sources offers is staggering. The ability to see what's
International transfers of personal data are instantaneous and constant. Everyday business functions such as uploading data files to the cloud or sending emails potentially involve transferring personal data across international borders. This is particularly relevant in today’s global economy where business functions are often outsourced overseas for operational and cost efficiencies. Following Brexit, the UK
One of the largest job advertisement website Glasdoor has identified Data Scientist as the top job in their listings for three consecutive years. However, while the demands for Data Scientists is on the rise, we experience quite a noticeable gap in understanding Data Science as a profession, let alone having a comprehensive training schemes for
The interest in and the need for data skills training among non-data savvy folks have been gaining their momentum for the last couple of years. The Netherlands, being the fastest growing data hub in Europe, have made a tremendous leap in breeding credentialed data scientists at their universities, and are now striding to equip in-service
An assumption that data analytics is an area of expertise guarded and explored exclusively by data specialists is being widely challenged. Today, data mining, its visualization and analysis are used by virtually any professional layer in larger corporations to improve individual and organisational performance. However, data is yet to find its way to become a
Data Set E-Zine Issue 1 is available to download
If you were to believe everything you read, you would be under no illusion that ‘big data’ is, well, big right now. But however big ‘big data’ is, there is still the question of just how big it can be for small and medium-sized enterprises (SMEs) – and it might help if people know what
