Data Can Improve Every Business
If you love football, you would probably remember the German national football team's unbeaten run in the 2014 FIFA World Cup. Following a 7-1 victory against Brazil in the semifinals, Germany brought Argentina to their knees in a nailbiting final that went on to win 1-0 in extra time. But the real hero, the 12th man, during their dream run, was big data
analytics. Using SAP HANA, Germany recognized their average ball possession time and reduced it from 3.4 seconds to 1.1 seconds. If big data analytics can help win the world cup in 2014, imagine what it can achieve now. As big data has become bulk data over the years, data-driven solutions are transforming businesses across the world.
The power of data to help almost all industries to improve is unique. If you run a retail clothing outlet and wonder how data analytics can help a small timer like me, you would be surprised. Thanks to cheaper surveillance cameras, the world is flooded with visual content. Retail businesses, on a daily basis, generate tons of video footage and images, which are often only used for security applications. You can revolutionize your retail business by obtaining objective data from subjective visuals collected by the CCTV infrastructure. Visual Data Analytics helps businesses analyze their visual content to derive powerful insights and trends.
However, it takes expert aid, and it is of paramount importance to find your perfect data solutions partner. In this issue of CIO Insider, we have dug up some amazing stories from the data science industry that paint a bigger picture of the industry's direction.
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