Big data vs. data is really about the challenge that the data explosion presents to us. Today we have unprecedented access to multiple data sources about society, economics, products and people. It comes to us from multiple channels - systems, web and mobile. In addition, our generation, unlike past generations, is much more likely to share information with trading partners, necessitating the use of secure, managed data transport technology.
Companies have systematically accumulated a lot of their own historical data. As well, data can allow them to look at patterns in customer and environmental behavior and create predictive analytics that can help with everything from avoiding catastrophic events, detecting stress patterns in machines so they know when to repair them, to predicting demand for new products. The problem is that accumulating all this data takes space. And analyzing it takes software. Thus, the current rage in discussing big data.
Keywords: Business Intelligence & Analytics, Business Process Management, Technology, Supply Chain Analysis & Consulting, Global Supply Chain Management, ChainLink Research, Managed Data Transport Technology, Predictive Analytics
