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About 77% of top organizations consider data analytics a critical factor of their business growth, and this percentage is only going to grow in the coming years. The number of jobs in the Big Data industry has increased by 106% from the year of 2014 to 2017. This apparent surge is due to the increased number of organizations implementing analytics and thereby looking for analytics professionals. The number of people taking data analytics certification courses is growing rapidly as well. But why exactly does it happen? Why is data analytics so crucial for any business willing to stay ahead of the game? Let’s find out.
1. Cost reduction
Big Data can help any organization, from a small business to a multinational corporation, both to harness their data and to draw multiple advantages from it. However, probably the biggest selling point here is that it allows businesses to stay ahead of the bleeding edge of technology without heavily investing into it. There is no need to keep multiple staff and invest huge amounts of capital – instead, there is a monthly subscription one has to pay to obtain access to exactly the functionality one needs right now, neither more nor less. This not just saves resources but gives an organization and its members flexibility to add and subtract capabilities as the business evolves.
2. Faster and better decision making
One of the main reasons of failure in business is wrong decisions, decisions that are suboptimal because they are based on incomplete information and decisions that are right but which are made too late to do any good. Big Data analytics adds enough speed to the equation to give businesses an opportunity to make decisions almost immediately, with the added benefit of allowing them to use new sources of data, which means more complete information to base one’s judgment on.
3. New services and products that meet customers’ needs
Big Data analytics gives businesses an opportunity to evaluate and gauge the customer’s satisfaction and, eventually, give them exactly what they want and not what business owners believe they want. More and more companies create and adapt their products that meet customers’ expectations even before the customers realize they have these expectations. For example, an e-learning company can use the insights received this way can increase its competitiveness in a variety of ways:
· By analyzing the demographics and creating the buyer’s personas they can analyze which courses get better response from different age groups to either create more courses catering to their core audiences or modifying the existing courses to better suit the demands of specific age groups;
· By studying which devices are most used among the clients they can better understand their needs and what limits their choices;
· By finding out which features of the existing courses get the best response from clients they can add something similar to other courses.
It is just a single isolated example – the situation is more or less the same in any other industry. Whatever your line of work is, your benefit can benefit from the introduction of big data analytics as well.
4. Stability and security
When the company’s data is stored in a dedicated data center, it can be better protected against viruses and ransomware – something that is becoming increasingly important because these threats are becoming more and more common with every passing year. Thus, decision makers can take full advantage of their growing collection of data without having to worry about building up on-site security systems.
5. Performance improvement
Big Data analytics gives you a precise picture of what works in your business and what doesn’t. Without it, you can come to the same conclusions, but they will always contain a high percentage of guesswork. Big Data, on the contrary, gives you definite information and explanation that cannot be interpreted in any other way.
6. Risk minimization
Decisions made with the help of Big Data have a much lower likelihood of resulting in failure because they are based on rock-solid foundations such as customer behaviors, market trends and business performance. It can often find reflection in unexpected areas, such as hiring. Potential advantages in this area include more through outreach to relevant applicants, the greater overall efficiency of the hiring process, less time spent studying resumes and, finally, selection of better-qualified candidates that are better suited for their intended positions.
7. Valuable insights
By monitoring social media chatter and web in general, it is possible to figure out how a business is doing and what can be done to meet customers’ expectations better. This way it is possible to increase the company's industry knowledge, which in turn opens up opportunities for predictive planning – when you have definite expectations of what kind of economy your business is going to operate in, it is much easier to make well-informed decisions.
All in all, the importance of Big Data analytics for any business these days can hardly be overestimated. Irrespectively of your company’s size and the industry you operate in, there is a way to capitalize on it.
Loss of data can happen due to environmental reasons, mistake or malicious intent of employees in the organization. Data recovery is one of the essentialities to perform any business. It can save your business from sudden collapse that can result in data loss and hard drive crash that demands recovery of data.
What can be the reasons for loss of data?
Your business maintains a lot of different type of data that includes critical business files, music, emails, personal pictures, videos etc. Data Loss can happen in an organization due to variety of reasons.
These can be due to corruption of hard drive, virus attack on the computer system, water-fire damage, poor use of the hard drive, attack due to adware and spyware. Due to all these reasons there is a possibility to lose access to data. The good thing is that data recovery tool helps in recovering this inaccessible data back.
About data recovery software
Use of the best file recovery software is your first and trusted method to safely recover your lost data. This tool understands the internal mechanism of the system that is used to store information on a disk. R-Studio is one of the most popularly used data recovery tools that are free to download and install by users.
If you don’t have any prior experience in recovering your existing hard drive, then this tool provides step-by-step instructions to make it easy to use this software. This program ensures you successful file recovery opportunities by purchasing its license online. Once you register the software with the help of registry key, you can start using it.
What makes it beneficial to use data recovery software?
It is not easy to recover lost or corrupted data. It needs expertise, determination, right recovery tools, a data recovery technician and biometric environment to perform the recovery of data. This results in effective data recovery service. Data Recovery Software are built to lessen requirement of these data recovery services. This enables end users to perform file recovery easily on PC.
What is the right way to recovery lost file via data recovery tool?
Data recovery software that are present in the market help in complete scanning of the damaged/corrupted hard drive and recovers the lost data. When you buy a data recovery tool, you will get a manual with it. This manual will provide step by step process to perform effective recovery of data.
This software should not be executed on the corrupted drive as it can lead original data to get overwritten. It is very important to perform file recovery only on the copy of corrupt data and not on the actual corrupted data. If the software shows deleted or lost data, then you can get back your original data with its assistance.
Data Recovery tool is one of the most efficient means to assist in recovering the deleted, lost, corrupt, damaged, files and folders and inaccessible data from your hard drive, and other types of storage media.
Data shows that UK manufacturing recently hit its 25-month low. According to the latest PMI report, the country sees the first contraction in export business since 2016. But why exactly does it happen? How serious is this problem?
1. Perceived and real productivity
The fact that the UK slipped behind France in global productivity rating and now occupies the 9th position speaks for itself – British manufacturing isn’t going through its brightest period. However, there is a strong indication that what we are dealing here is largely a perception inconsistency on the part of senior decision makers. Over 80 percent of them consider stock checking, collaboration on cross-departmental projects and submitting expenses to be efficient, at the same time admitting to wasting up to ten hours a week on administrative tasks.
2. Not enough investment in personnel training
A number of researches indicate that one of the major problems facing the UK industry today, especially when taking into account the challenges it faces, is that senior management doesn’t invest enough in improving the skills of their teams. After all, no amount of technological advancement can replace top-notch staff members, and current efforts in this direction are grossly insufficient to maintain and increase the productivity rates in the manufacturing sector. This can also be the sign of disconnect between the senior management and staff members – the latter usually have a clearer understanding of how efficient they are and whether they have the right tools for the job, while the management may have misconceptions related to this subject.
3. Slow growth doesn’t mean its absence
Low growth rates don’t mean their absence across the board. Some industries demonstrate rather tepid yet consistent growth, for example, fencing and railing industry that reacts to growing demand for property construction and renovation. This is reflected in such companies as KP Engineering, well-known experts in railings, gates, and fences. This is just a single example used to illustrate that no matter how bleak the situation may seem in general, there are always exceptions, both on the level of industries and individual businesses.
4. Use of legacy systems
The entire world is rapidly moving in the direction of cloud-based solutions in all spheres of life, production and manufacturing included. The worst thing that can be done in such a situation is continuous reliance on an outdated legacy system or no systems at all. This is, however, exactly what is seen in many areas of British manufacturing. The concerns are understandable – transfer to new solutions is costly and disruptive in the short term. In addition to that, many members of senior management belong to the older generation who are traditionally skeptical about wide-scale changes, which also slows down digital transformation.
If British industry is going to recover and get back its lost positions, this attitude has to change, and the sooner it happens, the better. Currently, senior management spends an inordinate amount of time on trivial administrative tasks, which can be significantly improved by the introduction of new cloud-based systems.
5. Brexit uncertainty
Omitting to mention Brexit would be ignoring the elephant in the room. As Brexit's deadline grows ever closer, British manufacturers continue to lose confidence in what awaits them in the future. The demand for workers decreases, production rates are falling, and the situation is likely to get even worse in the upcoming months.
As you can see, the situation in the British manufacturing sector today is a controversial one. Some of the factors at play are beyond the businesses' power to control, but others are quite within their reach. Only time will show which are going to be more important in the long run.
The drive for sustainability in the economy is slowly but steadily moving from theory to practice as more and more businesses embrace the idea of maintaining steady growth that takes into account not just current profits but the possibility of continuous and theoretically never-ending development and progress. It is no wonder, then, that the idea finds traction not just in industrial circles but in more high-tech oriented businesses, even those that normally aren’t associated with issues of this kind – such as software development. Here are a few less-obvious ways in which tech can help us achieve sustainability – and in which it already does.
1. Exponential Technologies
Exponential technologies are the discoveries that don’t just improve the situation in an isolated area of application but change the entire scientific and societal paradigm, lead to qualitative changes. Examples of such breakthroughs over the last century are a green revolution, affordable computer processors, the Internet and mobile revolution. By definition, it is impossible to predict where the next leap will be made and to what consequences it will lead, but a few very promising areas include artificial intelligence, nanotechnology, and synthetic biology. All of them can lead to potentially game-changing developments in industry, energy and natural resources.
2. Internet of Things
The Internet of Things is one of the loudest buzzwords of this decade, but although all of us have heard it many times and many already actively use it in their daily lives, most people are still pretty vague on the idea of it being used to drive sustainability. Although the technology is still in its first stages of development and we can hardly expect how it will be used when fully developed, even today it seems like a very important tool in promoting circular economy – i.e., the economy in which products are designed in a way that makes provisions for their future reuse and repurposing. And even today a lot of work is done in the area of custom application development to prepare IoT solutions, such as IoT smart home, aimed at proactive equipment maintenance, pollution control, management of energy and water consumption and other initiatives aimed at conservation and more efficient utilization of resources.
3. Virtual Reality
Those who speak about sustainability often forget that this term refers not just to conservationist ecological enterprises but to the improvement of the human standard of living throughout the world – and it is an area where VR can have an impact that is not so much practical as it is emotional, but no less efficient because of that. Its power lies in helping us get into the shoes of other people, promoting empathy and providing more obvious feedback to our actions. Take Charity: Water, for example. This non-profit organization not just lets people easily give money to charity, not just tells them where their money is going, but shows it to them. It uses VR films to demonstrate how access to fresh water transforms the communities that receive it, providing satisfaction and encouraging contributors to spread the word and keep up the good work.
4. Energy Storage
An absolute majority of energy worldwide is still produced through the consumption of fossil fuels – the resource that is both non-renewable and detrimental for the overall state of ecology. We do already have the technology for more or less efficient production of energy using renewable sources (such as sun and wind), but the main problem with them is that they are intermittent: while it is possible to rely on them for some of our energy consumption, seasonal and even daily changes in their efficiency make them impossible to be used on large scale. However, recent developments in energy storage, if used universally, can alleviate this problem, making it possible to both improve the efficiency and gradually change our energy portfolio.
We live in exciting times when the next big leap that will change the world seems to be just around the corner – and the most satisfying thing is that everybody, including small businesses and individuals, can make their own, often small but nevertheless important contributions towards achieving sustainability. Using software aimed at conserving resources, opting in for renewable energy sources, promoting responsibility – all these things, even when done on a little scale, can go a long way in building a better world.