Data Sets too Large & Complex for Companies to Manage Within Traditional IT Systems 3 “Vs” › Volume › Velocity › Variety Opportunity
Nearly Impossible to Use in Past Years Now Available Thanks to Rising Data and Lowering Tech Prices Big Data Creates an Edge for Small Businesses 50% of Working Population Employed by Small Businesses Big Data can Help to Enhance Product Quality, Improve Marketing Operations and Further Customer Relationships
Developing Intensive Cloud Applications with Iterative Quality Enhancements (DICE) Rental of Big Data Resources Through Cloud Computing Cost Effective › Only Paying For the Amount of Time in Use Levels the Playing Field
Bed & Breakfast Business Varies Throughout the Year Using Analytic Tools to Construct a Spreadsheet On Basis of Time of Year, Market Conditions, etc. New Prices Pinpointed Down to the Week
New Online Clothing Store Using Big Data to Analyze Relationships Between Social-Media Conversations and Buying Trends Pinpoint How a Site Visitor Moves From Page to Page Capitalize on Emerging Sales Opportunities