How do major organizations use data and analytics to inform strategic and operational decisions? The answer lies in big data analytics. Analytics Insight brought this interesting information to our attention in their article, “Upcoming Trends of Big Data Analytics for Effective Data Management in Future.”
Few dispute that organizations have more data than ever at their disposal. But actually deriving meaningful insights from that data—and converting knowledge into action—is easier said than done. Big data analytics is the use of advanced analytic techniques against very large, diverse big data sets that include structured, semi-structured and unstructured data, from different sources, and in different sizes from terabytes to zettabytes.
Data plays an increasingly important role in our lives. Everything from our healthcare to our entertainment is driven by information produced by millions of people worldwide. As we continue to create data in greater volumes and on a larger scale, the data industry is growing.
At the end of the day, that data needs to be accessible and searchable to produce findability. That happens with a strong, standards-based taxonomy. Access Innovations is one of a very small number of companies able to help its clients generate ANSI/ISO/W3C-compliant taxonomies and associated rule bases for machine-assisted indexing.
Melody K. Smith
Sponsored by Data Harmony, harmonizing knowledge for a better search experience.