Since the beginning of its development, the domain of Data Science has gathered a lot of attention. Most of the enterprises across the IT, Corporate & Business, Industrial & Automobile domains are working towards drawing meaningful insights. However, this has given rise to clandestine & chaos. This resulted in the creation of distinctive explanation of big data based on its benefits and usage by different businesses.
Let’s discuss about such big data myths and how they could be demystified.
Unveiling The Top Big Data Myths-
Big Data Is Everywhere
Speaking of Big Data the most commonly heard aspect is that Big Data is everywhere. This is real fact Big data technologies and services are the centers of attention in the industries with a record high usage. However, as per the survey by Gartner on Big Data has shown that only 73 percent of organizations are working on investing in Big Data & are still in a budding stage.
Only 13 percent of the surveyed organizations had successfully deployed big data solutions.
Big Data Implementation Is Expensive
Another myth which is commonly heard when it comes to Big Data is that collecting, extracting & analyzing data is an expensive process. The fact is that, at present there are several there are multiple big data startups which offer analytics tools to assist businesses to scrutinize the data they collect at an affordable price. These tools will be assisting the companies at every step from processing Big Data to storing, analyzing, and visualizing the insights.
Big Data Is Only For Big Companies
Another myth is that Big Data & analytics are only for the companies that have big budget, big teams & that are working across big platforms. Thus is just a myth like the others without any reality. The fact is that, Big Data initiatives are as valid for a small company as they are for the world’s largest companies. Small organizations that have limited data will be using the same set of analytics models & techniques are used & the only difference lies in the objectives & goals of the businesses.
Get to know more about such interesting aspects of Big Data & analytics with Analytics Path Data Science Course In Hyderabad.