How are businesses are managing their growing volumes of data

 

 

Do some Internet research on big data best practices. How are businesses are managing their growing volumes of data and using the data that they are amassing for competitive advantage?

 

 

Sample Solution

Data management is a critical business driver used to ensure data is acquired, validated, stored, and protected in a standardized way. If you are going to utilize data, you have to be able to find it. Create a reporting or file system that is user, and future-friendly, descriptive, standardized file names that will be easy to find and file formats that allow users to search and discover data sets with long-term access in mind. Many executives and investors assume that it is possible to use customer-data capabilities to gain an unbeatable competitive edge. Companies can build winner-take-all positions by collecting and analyzing customer data. The more customers a firm has, the more data it can gather and mine; the resulting insights allow it to offer a better product that attracts even more customers, from which it can collect still more data.

Section I: INTRODUCTION TO THE STUDY Introduction The country is encountering a basic deficiency of medical care suppliers, a lack that is supposed to increment in the following five years, similarly as the biggest populace in our country’s set of experiences arrives at the age when expanded clinical consideration is vital (Pike, 2002). Staffing of emergency clinics, facilities, and nursing homes is more basic than any time in recent memory as the huge quantities of ‘gen X-ers’ start to understand the requirement for more continuous clinical mediation and long haul care. Interest in turning into a medical caretaker has disappeared lately, likely because of the historical backdrop of the extraordinary and requesting instructive cycle, low compensation, firm and extended periods of time, and fast ‘wear out’ of those rehearsing in the calling (Wharrad, 2003). A complex oversaw care climate in this country is restricting the dollars accessible to be spent on nursing care. Numerous wellbeing callings, particularly

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