What are the examples of big data in business? Know 3 Examples Here!

Big Data case example - As the name implies, Big Data is big data. In the past, the data that could be analyzed was only structured data, now there are more unstructured data than structured data. Data personalization is widely used in businesses today.
Today digital transformation dominates all organizational agendas. It makes all leaders make big decisions using data. Big Data Analytics can be used to solve problems quickly, accelerate innovation and also drive competitive growth.

Understanding Big Data

Big Data describes a larger volume of data. The data collected by Big Data is not only structured but also unstructured in everyday business.
It is not only the amount of data that is important, it is the action or processing of the data that is important. This Big Data will be analyzed in order to understand what leads to more strategic and better business decisions and movements.

This unstructured data has a large volume. The data will be analyzed for company needs. Unstructured data, for example, every day humans use the internet to produce unstructured data, even the size of the data is large. For example, in 2003 humans generated 5 exabytes of data and now that number is growing.

Big Data Case Examples

There are many examples of case studies from Big Data that can be used as lessons. Not only abroad, but even in Indonesia, Big Data has been implemented to get faster and maximum analysis results. The following are some examples of Big Data cases that are interesting to know:

Financial institutions

Big Data is often implemented in financial institutions. Many use Big Data to identify fraud. This is done before the effect becomes larger and causes a loss in financial risk.

A case in point is a leading retail bank using Big Data to be able to validate the accuracy and quality of data. With this Big Data integration of loan and branch data, as well as wealth management and data quality initiatives are enhanced.

The bank has a responsibility to ensure that each record is accurate. This process with Big Data makes the data more accurate and also makes it of higher quality. The results of the analysis and examination are to ensure that there is no corruption data. In addition, it also ensures that the data domain does not change and is also detrimental. This will serve as a report to investors so that they are satisfied with the results of the analysis and examination.

Increase state security

The government has also used Big Data technology to improve state security. With this analysis, the government can detect, prevent and fight cyber attacks that are increasingly prevalent.

Financial services

The next big data case example is a financial services conglomerate using Big Data. Its purpose is to help identify malicious trading activity. The asset management group of the company performs an analysis of price, position and order information. With this Big Data analysis can detect anomalies as well as suspicious behavior.

You can use Big Data analytics to be able to improve your business performance. From some of the examples of Big Data cases above, it can be concluded that if Big Data is very sophisticated and makes business performance more optimal, you can use Big Data technology from SOLTIUS to make innovation in business companies faster, encourage more competitive business growth and so on, contact contact for more information. contact our contact for further consultation or click on the following link: https://www.soltius.co.id/solutions-by-products/data-management