Big data in the business world can have varying quantities depending on the size and capabilities of a company. For smaller companies, big data may consist of hundreds of gigabytes. While for larger companies it may be Terabytes or exabytes of data before they have to resort to alternative methods of collection. Either way, as each year passes, data collection is getting heavier and heavier. It won't be long before many companies will be outsourcing their datasets to data analysts in order to obtain business and consumer trends within their market.
For those who may not know what "big data" is, it is simply large datasets that become too big for database management software, such as excel, to easily control. Most of the troubles with big data come from the collection, storage, and analysis of this data. Companies need a simple means to control it because the data that is collected can present information regarding company performance, consumer behavior, sales trends, etc. All information that is important as companies look to the future.
Many predictions have risen due to the popularity of this subject, some more believable than others. However, amidst all this information, one thing is clear: in order to keep up with today's economy, business firms must learn to control and analyze the vast amount of increasing data that is being recieved each year.
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