The Indian market is expanding at a tremendous rate, with international IT services shifting from analogous to digital mediums. India has also contributed to the market share of big data, and the Indian IT sector is trying to bring in changes by means of introducing more manpower and promoting more action. The Indian government has also helped in promoting this sector in a major way. Let us take a look at how big data analytics has contributed to different sectors and industries:
- Education Sector
The digitization of classrooms has helped students in a big way, and that is thanks to big data analytics. You can finish your GMAT prep at home, with the help of software, something that was unthinkable even 20 years ago. Big data collection will help academic institutions further develop ways in which that can bring improvements to the education sector. Big data will be able to pinpoint the areas where students may be facing concerns, enabling educational institutions to address these concerns quickly and efficiently. They will also be able to gauge the different career prospects of students and create a guiding principle that will help them take the correct path in the future.
- Media and Entertainment
Even a few decades ago, the media was limited to newspapers and magazines. Big data has brought about a digital revolution which has put a lot of power in the hands of the common man. Broadcasters gain a large amount of knowledge about how the customers are reacting to the news being projected with the help of Big Data. Analyzing big data will help TV channels create shows that attract customers in a persuasive way.
- Healthcare
Big data has made it easier for hospitals to store the records of patients more efficiently. With big data, the healthcare industry will be able to provide wholesome care to patients, provide them with personalized care, and look into the healthcare trends in hospitals and nursing homes throughout the state. This will help in creating positive health strategies for taking care of different patients and developing strategies for preventive care.
- Banking and Finance
The banks have complete control over the financial data of their customers. Banks know how much money has been added to your account, how much money has been spent and sent to other people, and the like. Screening of loans risk assessment and cross-selling is made easier and simpler in this way.
- Online Retail
Online retailers and service providers have risen to the top of the chain in recent years. They have actually made lives easier for those individuals who can now shop and pamper themselves in the comfort of their own homes. Shopping at home is a blessing, as you can take your time to look through the different products for a longer amount of time without worrying about things like commute and traffic. Along with this, big data can help these sites predict our needs and choices and show us products that we might be interested in, based on our searches on the platform. This way, you don’t even have to go looking as you have a curated list of everything you need available to you, all thanks to big data.
Big Data Analytics And Its Impact Across Industries Worldwide
The Indian market is expanding at a tremendous rate, with international IT services shifting from analogous to digital mediums. India has also contributed to the market share of big data, and the Indian IT sector is trying to bring in changes by means of introducing more manpower and promoting more action. The Indian government has also helped in promoting this sector in a major way. Let us take a look at how big data analytics has contributed to different sectors and industries:
- Education Sector
The digitization of classrooms has helped students in a big way, and that is thanks to big data analytics. You can finish your GMAT prep at home, with the help of software, something that was unthinkable even 20 years ago. Big data collection will help academic institutions further develop ways in which that can bring improvements to the education sector. Big data will be able to pinpoint the areas where students may be facing concerns, enabling educational institutions to address these concerns quickly and efficiently. They will also be able to gauge the different career prospects of students and create a guiding principle that will help them take the correct path in the future.
- Media and Entertainment
Even a few decades ago, the media was limited to newspapers and magazines. Big data has brought about a digital revolution which has put a lot of power in the hands of the common man. Broadcasters gain a large amount of knowledge about how the customers are reacting to the news being projected with the help of Big Data. Analyzing big data will help TV channels create shows that attract customers in a persuasive way.
- Healthcare
Big data has made it easier for hospitals to store the records of patients more efficiently. With big data, the healthcare industry will be able to provide wholesome care to patients, provide them with personalized care, and look into the healthcare trends in hospitals and nursing homes throughout the state. This will help in creating positive health strategies for taking care of different patients and developing strategies for preventive care.
- Banking and Finance
The banks have complete control over the financial data of their customers. Banks know how much money has been added to your account, how much money has been spent and sent to other people, and the like. Screening of loans risk assessment and cross-selling is made easier and simpler in this way.
- Online Retail
Online retailers and service providers have risen to the top of the chain in recent years. They have actually made lives easier for those individuals who can now shop and pamper themselves in the comfort of their own homes. Shopping at home is a blessing, as you can take your time to look through the different products for a longer amount of time without worrying about things like commute and traffic. Along with this, big data can help these sites predict our needs and choices and show us products that we might be interested in, based on our searches on the platform. This way, you don’t even have to go looking as you have a curated list of everything you need available to you, all thanks to big data.
