Data Analytics Is a Rapidly Growing Field and it Has the Potential to Change Business, as Sombudha Adhikari Shows
It is no secret that technology has impacted just about every part of the business world. As a result, those who would like to remain competitive in the modern era need to find ways to keep up with the rapidly changing business landscape. One of the ways that business has changed, according to Sombudha Adhikari, is the rapid growth of data analytics. The growth of big data has changed the way that many businesses approach their daily operations. Those who are able to leverage data analytics appropriately, such as Sombudha Adhikari, are going to be positioned well to compete in the modern world.
Sombudha Adhikari Defines the Growth of Big Data
In the past, businesses were often left guessing regarding what they should do next. Now, they have more data than ever before that they can use to make sure that they are making the right decisions at the right time. Businesses are able to collect data on everything. Many companies collect browsing information on their customers to see what they are looking at. Plenty of other companies collect demographic information on their customers to look for trends in their target markets. All of this is supposed to provide companies with more data, according to Sombudha Adhikari. Sombudha Adhikari goes on to discuss that these companies should be analyzing their data to look for trends. This data is only valuable if companies are able to use it.
Sombudha Adhikari Discusses the Ability of Actionable Intelligence from Data Analytics
In this manner, the application of big data is data analytics. The goal of these companies is to find trends in their information that they can use to make quick decisions that will benefit the company. For example, companies can use advanced software programs to look for trends in their sales and marketing decisions to drive revenue and reduce overhead costs. The goal of data analytics is to help companies look for trends that would otherwise have gone unnoticed.
Sombudha Adhikari Discusses the Role that Data Analytics Plays in the Competitive World
In the end, the biggest role that data analytic is going to play is the ability of those who leverage it appropriately to gain a competitive advantage. The goal of data analytics is to help businesses make better decisions more quickly. In this manner, the first person to make a decision regarding a certain space in the industry is going to have the advantage. Therefore, according to Sombudha Adhikari, it is important for everyone to make sure they know how to not only acquire data but also analyze it in an efficient manner. It will be interesting to see which companies are able to do this effectively moving forward.