How Big Data Is Changing the Business World, and Why It Matters

How Big Data Is Changing the Business World, and Why It Matters

In the not too distant past businesses ran on data collected through store visits, coupon redemption, mailed surveys and the ever present telemarketing calls. Information is still collected this way, but there is an increasing reliance on web searches, email contacts and online analytic tools. The information that is collected online can gauge customer behavior more accurately than traditional means.

The fact is that more and more people conduct their business online opposed to face-to-face. So a small business that has an online component to their products and services is more likely to attract business. It is also understandably smart to consider providing products and services online because:



It is instant gratification for your customer. Online tools make it very easy to track and ship products.


It provides you with an avenue to showcase your products and services to customers.


You can customize the customer's experience and understand their buying patterns.



A lot of the benefits of online business come from collecting, analyzing, and using big data. Here are some ways in which it is changing the business world.

Big Data Changes How You View Your Customers

In the past your business wouldn't have access to trends as quickly as you do today. This matters because your ...


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Warehouse Management in the Era of Big Data

Warehouse Management in the Era of Big Data

There are many things that determine the efficiency of a business. However, when that business involves the production of a tangible product, there is probably nothing more important to efficiency than the quality of warehouse management.

In recent years there has been a revolution that is changing warehouse management forever. That revolution is big data. Big data is the collection and analysis of a volume of digital information so vast that it couldn’t be stored on computer hardware until recently. It has transformed business analytics and been a game changer in many different industries. Here are some of the ways big data is changing warehouse management in the modern era.

Big Data Improves Operational Efficiency

Operational efficiency can be described as the ability of a business to deliver its product or service to consumers in a way that minimizes cost while maximizing the quality of that product or service as well as other related support services. Operational efficiency is certainly something that can be improved by the integration of big data analysis. Data regarding operations in a warehouse, or any facility for that matter, can be immediately updated in real time.

This can have some real benefits. A warehouse manager can be given a minute ...


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5 Major Big Data Predictions for 2017

5 Major Big Data Predictions for 2017

Big data is, well, big business. It's believed over the next four years, over two billion people will be utilizing personal cloud storage at a capacity of 1.7 gigabytes per user per month. The cloud will gradually become the standard method of storage for both personal and professional needs, minimizing the use of everything from physical servers to flash drives.

The cloud is expected to take the forefront in a lot more than storage. Here are five major big data predictions that will be with us in the workplace long beyond 2017.

Training

eLearning companies were among the first industries to take full advantage of the cloud. Through mobile learning management systems, they provide exceptional tools that have transformed onboarding and training for companies and employees in every way. The cloud has given every employer great opportunities to create and customize training to fit specific needs and goals. The tech lets the employer design training unique to each individual employee. Employees can log in, pause sessions, pick up during their commute, and take the exam at home.

Content

The cloud has significantly altered the way we create, edit, share, and present content. The once mighty Microsoft and Corel office staples are taking a step back ...


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How Much of the Average Workload is Handled Through The Cloud?

How Much of the Average Workload is Handled Through The Cloud?

By 2020, it is estimated that consumer cloud storage traffic will be 1.7 GB per month, per user. In the next four years, 2.3 billion users will be using personal cloud storage. It is no surprise then, that most people are now taking advantage of cloud storage in both personal and professional capacities. But storage is not the only benefit of cloud technology—it is gradually seeping into every aspect of the average workplace.

But how exactly is cloud technology affecting the average workload? Is the cloud really as revolutionary as people make it seem, or just an overhyped fluke? The truth is that there is no exaggeration here, cloud technology is not only useful for the average employee, it is quickly becoming essential. Here are just a few of the ways in which the average workload is handled through the cloud.

Training

Some of the first people to jump onboard and fully take advantage of the cloud were training companies. Through taking advantage of mobile learning management systems (LMS), they were able to provide certain tools that have completely transformed employee onboarding and training across the board. The cloud allows for companies to create and customize their training programs to fit the specific needs ...


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How Connecting Big Data and Employee Training Improves Productivity

How Connecting Big Data and Employee Training Improves Productivity

Businesses can get a number of advantages through big data solutions, but one that's often overlooked is improving the employee training experience. Less than one percent of this data is even analyzed, but team of data analysts can use business intelligence to advantage in a number of training processes.

Improve Productivity, Especially in New Hires

If you are looking for some element that could streamline the process of new employee training, companies like Allen Communications demonstrate that big data can drive onboarding as well as other processes. Reliable data and data mining techniques can help you spot trends and patterns that point to the most productive aspects of your training programs in various job roles. Big data helps your company to get more benefits by speeding up the process and maximizing results.

A combination of performance tracking mechanisms, trainee feedback, and quality analytics software can help you to identify which training programs are having the most effect. Big data helps management recognize and improve the procedures that are most efficient in getting new hires up to expected levels of knowledge and skill.

Boosts in Revenue

These new training technologies allow you to customize your training modules to better fit the needs of your company and ...


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What Does it Mean to be a Big Data Snooper?

What Does it Mean to be a Big Data Snooper?

It is natural for the human mind to participate in a practice called apophenia, which is when our brains instinctively find patterns that contribute to meaningful relationships in various forms of collected data. This phenomenon has also been referred to as "patternicity" or "big data snooping". While this tendency can be quite beneficial in the collection and analysis of many data forms, it also has the potential to lead to invalid predictions and biased findings. Many may presume that this phenomenon only impacts new hirees in various data collection fields, but many well-renowned scientists have been shown to participate in big data snooping as well. This is why it is vital for new hire training practices to put a large emphasis on how to detect big data snooping, and implement ways to avoid it.

This August, the website Datanami interviewed Ryan Sullivan, the CEO of a California-based analytics company, and he spoke about how to ensure that these relationships are not formed in a false context. For instance, one of the main ways a data analyst forms a proper hypothesis, is by identifying the errors that are found in the previously established relationships in order to weed out any findings that ...


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Why Employee Training and Big Data Should Work Together

Why Employee Training and Big Data Should Work Together

The flood of data available today is growing by leaps and bounds as expanding networks are able to capture real-time user decisions in an instant. The ability to analyze this data for trends and insights is becoming an eagerly-sought advantage for corporate training companies and organizations of all kinds. But more of them are beginning to discover that it poses benefits beyond marketing forecasts and instant statistics. Big data is being adapted to e-learning processes to train better employees.

Data-driven approaches are being used to perfect adaptive learning, create better courses, and provide electronic monitoring and testing in ways a single human instructor couldn't cope with. Around 77% of US companies offer e-learning, but little of it leverages big data. Here's why every company should bring big data to employee training.

1. Determine Effectiveness

Big data computing can return analytics that quantify all the results of employee training - lesson retention, employee learning needs, more productive curriculum and techniques, and improved learning software. Learning directors are able to look at a number of different factors and determine which works and which doesn't.

Organizations can develop metrics for each training module based on employee learning time, test results, questions, and feedback. Do certain methods work ...


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Big Data and Recruiting: The Deadly Duo

Big Data and Recruiting: The Deadly Duo

Big data has become a driving force in driving businesses strategies today. The human resource department has not been left behind. The use of HR software, which allows the department procedures run smoothly and has been fundamental in providing vital information about employees. The use of technology to improve talent acquisition improves each day, and many companies are now using it. The HR department is only beginning to adopt and learn this technology, but its benefits are apparent. In addition, big data use has given HR access to an unprecedented amount of information, intelligence, trends, insight, and future-casting. Data scientists jobs is ranked a top career in 2016 with over 1,700 jobs openings.

Big data simply is useful because of its core function which is to transform massive data both structured and unstructured to actionable intelligence. Today, there are numerous HR software designed to help employers analyze big data in hiring employees and also predicting how they will perform in future. The technology is still being perfected, and it improves each day. This technology can now be used to fill the gap that HR is dealing with today.

Big Data Can Pinpoint Top Talent More Effectively

The HR department needs the big data ...


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How to Use Big Data Effectively to Aid Corporate Training

How to Use Big Data Effectively to Aid Corporate Training

Introducing big data into corporate training has been accelerating at unprecedented speeds. Right now, the applications are more centered around a few distinct areas such as compensation, recruiting and performance management. Nevertheless, not much has changed in terms of big data being within the learning and development field.

Why Has Big Data Failed to Impact Corporate Training?

Big data has not had an impact on corporate training because most of us do not have much data. With corporate training, there's a big split into three main categories:


On-the-Job Training
Online Training
Classroom-based Training


With on-the-job training and classroom-based training, the majority of it takes place on an offline basis, so it does not gather a lot of information. On the other hand, we have online learning that should generate thousands of valuable data points that the company can use. In a perfect world, that is how it would happen. Unfortunately, the problem with current generation SCORM courses is that they have a strong inability to generate meaningful learning data. To put it more bluntly, there are only three data points offered to the learned. Those three points include:


How Long Did the Learner Spend on the Course?
Has the Course Been Completed?
How Many Questions Did the Learner Get ...


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The 5 Most Powerful Ways We Can Use Technology to Learn

The 5 Most Powerful Ways We Can Use Technology to Learn

In today's society, technology has completely revolutionized the way in which we learn for the better. Individuals can now easily gain access to information from big data analytics and organizations have created an environment in which learners can give and receive feedback regardless of distance and mobility. This relatively new type of learning has adapted to the driving need for people to engage and hold motivation through utilizing various modes of media. Programs have the ability to give learners global access to countless avenues of communication. Just looking at the number of education applications available for computers and other mobile devices is proof that technology has made huge advancements in its ability to enhance interest and participation.

Narrowing down the ways in which technology can be used for learning is quite a difficult task given the growing popularity of distance education. Nonetheless, the top five most influential ways technology has transformed education and can be used to learn have been identified by not only researchers in the education field, but teachers as well. Let's examine these.

1. Global Awareness

Incorporation of technology for learning in schools as well as organizations via custom elearning allows for a mesh of different backgrounds and cultures. This ...


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How Automation and Big Data are Helping to Feed the World

How Automation and Big Data are Helping to Feed the World

Believe it or not, there is a quiet revolution underway in food production that will soon shape the entire process for growing, producing, and distributing food around the world, local cities and towns. This is known as the automation of the food producing system. In the past, scientists referred to this as hydroponics, and the term still carries a lot of weight in describing what is happening all around the world—from Japan and China, to Britain and the European Union and to the United States. It will also help to make mobile learning and big data analytics more possible as the technology progresses.

Advantages to Growing Food by Hydroponics

There are many reasons why the automation of food production via hydroponics is changing the landscape of the farming world. Advantages to the growing of food using hydroponic techniques are so varied and include: less land use and more food production; water is reused and recycled; transportation is reduced and lends itself to an expanding and urbanized population around the world.

How Big Data and Automation Works with Hydroponics

In Japan, the firm Fujitsu has created a cloud platform called Akisai. This system analyzes big data that it stores from a variety of sensors located ...


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How Data Makes Energy Management Systems More Robust

How Data Makes Energy Management Systems More Robust

When it comes to energy management, most politicians, business people and the media focus on energy security. However, energy management systems are becoming more important as industries and decision makers realize their valuable benefits.

Intelligent Energy Grids

Siemens is one of the world’s largest technology and engineering companies. A recent report reveals that Hurricane Sandy caused a loss of power to over eight million households. Some households had to wait weeks for power to be restored and the 140 damaged lines and transformers to be fixed. Climate change is also presenting power companies with new challenges. For example, power plants in the notorious dry Southwest must often reduce power generation because of limited water resources. Even more alarming, California is experiencing their worst drought in history. Thus, natural disasters and extreme weather patterns are a regular headache for power companies.

However, companies are now utilizing cutting-edge energy management system (EMS) to help them combat unpredictable weather and disasters. For example, innovative energy management systems can provide more accurate results and real-time grid data during outages. As a result, power and crisis management efficiency increases. This means that grids will be mutually controlled by two power centers. During a major storm, if one grid ...


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Big Data’s Effect on Minimum Network Requirements

Big Data’s Effect on Minimum Network Requirements

The two central concerns for any network administrator who is tasked with the responsibility to make sure databases are working, accessible and providing information in a timely manner are "how much" and "how fast."

Some might argue one is a subset of the other, but that viewpoint doesn't take software into account. Networks are undoubtedly reliant on their hardware, but like a race car, the hardware is only as useful as the software allows it to be. Likewise, the fastest car on Earth will win few races with an inexperienced driver.

The Amount of Big Data

A network platform which occasionally requires employee access (access that should only be granted to employees who understand the system and have successfully completed an employee training and development program) to a very large number of records is what we call a "record heavy" database. It might be a financial institution, for example, that settles all its accounts once per day, but that must process all of the information in its database every 24 hours.

Such an application is much better modeled by a delivery truck than a conveyor belt. Since settlements can't take place until all of the records have been entered, the application must be ready ...


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Why Training Your Employees to Grasp Big Data is Important

Why Training Your Employees to Grasp Big Data is Important

Is there a larger trend going on in the business world today than Big Data? Perhaps, but contenders are few. Many companies now have access to more data than they know what to do with. It is important that companies implement big data decisions with several other policies in order to make the process efficient.

One of the most important aspects of this is to train employees on how to make data based decisions. Anyone who has ever worked on a project with that large amounts of data can attest to the fact that it can be overwhelming at times. Here are several different ways that companies can make big data more useful and effective.

Train For Decision Making

Having access to a lot of data is great in many ways. However, it is not going to be useful without the ability to make decisions based on the data. There are many people who are great at pulling and looking at data. However, in today's economy it is also important to be able to make decisions using the data for maximum benefit to the company.

Training how to make decisions out of large sets of data can be difficult. However, it is vital that ...


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How to Leverage Big Data to Increase ROI

How to Leverage Big Data to Increase ROI

Big data is a common term being thrown around in the world of business today. However, there are few companies that are actually using big data in order to increase ROI. Over the next couple of years, there will be more options than ever when it comes to using big data to drive the most important results in a business. Many company leaders are unsure of how to use big data to drive decisions. Here are several examples of how big data has been used in the past to increase ROI and how companies can benefit from using it as well.

Customer Tendencies

Many customers have certain tendencies that they do not know about. For retail based companies, it is vital to use big data to understand purchasing decisions. There are millions of customers that feel like the companies they shop with do not know their needs and wants.

Many businesses have used big data to model how a customer will react to a special sale or product introduction (Amazon is great example). This makes it much easier to plan for promotion or event. A company that is able to predict sales in a more efficient way can have a much easier time ...


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How to Leverage Big Data to Increase ROI

How to Leverage Big Data to Increase ROI

Big data is a common term being thrown around in the world of business today. However, there are few companies that are actually using big data in order to increase ROI. Over the next couple of years, there will be more options than ever when it comes to using big data to drive the most important results in a business. Many company leaders are unsure of how to use big data to drive decisions. Here are several examples of how big data has been used in the past to increase ROI and how companies can benefit from using it as well.

Customer Tendencies

Many customers have certain tendencies that they do not know about. For retail based companies, it is vital to use big data to understand purchasing decisions. There are millions of customers that feel like the companies they shop with do not know their needs and wants.

Many businesses have used big data to model how a customer will react to a special sale or product introduction (Amazon is great example). This makes it much easier to plan for promotion or event. A company that is able to predict sales in a more efficient way can have a much easier time ...


Read More on Datafloq
How Big Data Improves Employee Productivity

How Big Data Improves Employee Productivity

The amount of data being generated has skyrocketed in recent times thanks to the rise in adoption of modern technologies. As such, Big Data has grown in stature and is playing massive roles in a number of sectors around the globe. Human Resources is one of those sectors that has been tapping into the trend.

One way that big data can be used in the HR world is to measure employee productivity. However, most HR workers don’t know what big data is and where to start. In a study done by Talentia Software, it was established that 56% of HR directors in the UK still do not understand what big data means and how it beneficial it can be. This sample study shows that the field is yet to be well explored and adopted. So, how can big data be used to improve employee productivity?

How Big Data Improves Employee Productivity

Human capital is a colossal component of any business, meaning that enough investment has to be allotted into determining factors that keep employees engaged. Now this is where big data comes in the form of analyzing relationships between employee engagement and retentions in a bid to get a clear picture of you ...


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How Big Data Improves Employee Productivity

How Big Data Improves Employee Productivity

The amount of data being generated has skyrocketed in recent times thanks to the rise in adoption of modern technologies. As such, Big Data has grown in stature and is playing massive roles in a number of sectors around the globe. Human Resources is one of those sectors that has been tapping into the trend.

One way that big data can be used in the HR world is to measure employee productivity. However, most HR workers don’t know what big data is and where to start. In a study done by Talentia Software, it was established that 56% of HR directors in the UK still do not understand what big data means and how it beneficial it can be. This sample study shows that the field is yet to be well explored and adopted. So, how can big data be used to improve employee productivity?

How Big Data Improves Employee Productivity

Human capital is a colossal component of any business, meaning that enough investment has to be allotted into determining factors that keep employees engaged. Now this is where big data comes in the form of analyzing relationships between employee engagement and retentions in a bid to get a clear picture of you ...


Read More on Datafloq
5 Ways How Big Data Can Benefit Corporate Training

5 Ways How Big Data Can Benefit Corporate Training

As big data continues to draw attention, many organizations are realizing how much big data affects employee training. In addition, big data can help companies remain ahead of the pack with team statistics and the possibility of higher productivity, retention and engagement. A curriculum can be tailored to meet the needs of the staff by collaborating effectively with instructors from any location.  

At the same time, cross training administrators, analysts, developers, data architects and data scientists prepares companies for effective optimization of the whole value chain related to data.  Whether you are using corporate training companies who are top experts in the world of analytics or not — your training can definitely benefit a lot from big data. Below are five ways corporate training can benefit from big data analytics.

1. Customize Training to Enhance Businesses Performance

Through big data, organizations can see what training programs are the most successful on an individual level and customize trainings that benefits the employee’s learning and development, which will, in the end, increase business performance.

For instance, Defense Acquisition University is a big believer in looking for big data trends with corporate training and business outcomes. Dr. Hardy explains, “Now, we’re connecting the system ...


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Using Big Data to Increase Employee Engagement

Using Big Data to Increase Employee Engagement

Most managers and HR directors have no clue what big data is or its importance in their daily activities. Big data refers to massive pieces of information that are always building up as brands and people engage on every activity. As such, the clear quality that comes with this critical massive information is the predictive capabilities it is giving businesses and managers via a number of ways.

This data is used to identify certain patterns at the same time establishing links existing between management styles, wellbeing, engagement and productivity, among others. Big data offers a lot of value on a number of processes in a company, such as employee engagement, development, learning and talent acquisition.  Employee engagement via big data is done in a number of ways.

Analyzing and Identifying Relationships between Retention and Engagement

Big data allows the management of employees to be accomplished through analysis and identification.  Back in the day, when top management spoke, their conversation was founded on very solid information. HR on the other hand merely based their talk on anecdotes. As a result of big data, HR easily pinpoints trends, creates a success roadmap, makes predictions and converses from a point of information with other departments in ...


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How Big Data is Providing Personalized Learning Experiences

How Big Data is Providing Personalized Learning Experiences

Succeeding in the modern economy requires managers to understand the way employee behaviors, workplace policies, impact productivity and team dynamics. Big data comes in handy and it can also help employees in various ways, including growth within the organizations and in their current positions. Below are ways big data provides personalized learning experiences.

Fostering Culture

Employee retention is one of the things companies will struggle with as they grow. As such, harnessing the power of big data can help the company prepare for an impending departure or learn why an employee wants to leave. For example, big data collected from millions of data points easily helps a company to come up with rewards and promotions to avoid attrition while at the same time learning why an employee might be dissatisfied.

Better Decisions

With big data you are up for a very smart return on investment. We have lots of data at our disposal and no decision need to be made without facts today. What employees need, what they know and exactly what is required for them to be productive might help a manager to ascertain the types of training they need to be better workers. Big data offers a lot of insight from all walks of ...


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How Self Service Analytics and Rules Engines are Crushing Big Data

How Self Service Analytics and Rules Engines are Crushing Big Data

Big data has been the ruling emperor of the technology industry for the past half-decade, but this is all set to change in 2015 with the advent of cloud data. Untold millions of dollars have been poured into finding ways to tackle the many challenges posed by big data. The issue of how to effectively manage, sort, contain and disseminate the information collected is a complex one, and it's very likely that it will be solved by the introduction of cloud data. Corporations are increasingly removing the shackles of the IT department and finding that they can better and more efficiently manage their data in the cloud. While there is still a role for private data in companies that deal with highly sensitive information, the push away from centrally located servers is causing a dramatic paradigm shift in the IT industry, especially within sales analytics.

Security Concerns of Cloud Data

Many of the early concerns about cloud data are being alleviated as it becomes the norm in business. Cloud data has proven to be secure, but many companies still worry about a lack of control. After all, when serving data to the cloud, it often involves giving your proprietary and sensitive information ...


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How Big Data And Cloud Computing Are Helping Businesses Make Better Decisions Faster

How Big Data And Cloud Computing Are Helping Businesses Make Better Decisions Faster

The one-two punch of big data and cloud computing is rapidly changing many businesses, organizations and industries. New technologies allow access to huge amounts of data at speeds never before achieved. In addition, new software applications let managers, information professionals and entrepreneurs quickly analyze and evaluate complex data by reviewing graphs, charts, and reports to make better decisions about the future of their organizations.

River of Big Data

The worldwide market for big data is expected to grow more than 40% every year, reaching more than $16 billion in 2015 alone. What exactly is big data? These are huge sets of data collected from a wide variety of sources including social media, medical data, software logs, videos, closed circuit cameras, audio, wearable technology, sensors like grocery store scanners, mobile devices and much more.

A good example of the huge amounts of data available is social media information. YouTube, Facebook, Twitter and other social media receive tons of videos, photos, blog posts and updates every day. It is a fire hose of data from millions of users.

Business and organizations are utilizing this massive flow of data to help them analyze past patterns and better predict the future. The goal is to make better decisions ...


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