Big Data is primarily used in the Business Intelligence and Analytics sector to refer to the consumption of enormous amounts of data that are too large for conventional systems to handle. To store, process, search, analyze, and visualize large data sets, big data needs new technologies.
Use Cases for Big Data
Big Data technologies made use cases possible that were previously impractical because of either large data volumes or complicated analytics. Today, all business types benefit from utilizing the data and insights contained in big data.
Retailers
want to provide exceptional and individualized customer service, so they equip their staff with knowledge of customer purchasing patterns, the newest products, costs, and special offers. Using MicroStrategy and Big Data analytics, store staff can deliver a personalized and pertinent customer experience.
Manufacturers
Must cut costs throughout the supply chain due to the ongoing demands for greater productivity, lower prices, and sustained service levels. Additionally, they require consumption analysis, which looks at product sales in relation to consumer demographics and buying patterns. Manufacturers can use MicroStrategy to run Big Data analytics on various sources to get flawless order rates and quality as well as detailed consumption patterns.
Telcos
Planning and optimizing network capacity for telcos require comparing subscriber density, traffic, and location data with network usage. Telecom companies that use MicroStrategy can use analytics to effectively plan for potential outages, monitor and forecast network capacity, and run promotions.
Healthcare
Organizations' petabytes of patient data will be used to increase pharmaceutical sales, enhance patient analysis, and enable better payer solutions. Applications created and run by MicroStrategy can effectively support these used cases.
Government
Along with other extensive operations, government deals with population dynamics, security threats, budgeting, and finance. Government employees can gain deep insights from MicroStrategy's analytical capabilities on large and complex datasets, enabling them to make wise policy decisions, stop fraud and waste, recognize potential threats, and prepare for citizens' future needs.
Big Data Adoption Obstacles
Businesses face the following difficulties as they create solutions to mine the data in their Big Data systems:
Performance
Interactive performance is a challenge for organizations attempting to implement advanced analytics on Big Data.
Security
It is difficult to keep the sizable data lake secure, even with the proper use of encryption, keeping track of data access histories, and using a variety of industry-standard authentication techniques.
Data federation
Integrating data from various projects is necessary for real-world applications. Data that is stored in various sources and in different formats is difficult to federate.
Time and Value
Enterprises are eager to reduce the time needed to unlock the value from the data. It takes a lot of time to work with numerous sources of diverse data and a web of point solutions to do so.
Data Cleansing
Enterprises find it difficult to clean up various types of data in order to get ready for analytics.
What is an integration strategy?
Integration tactics are a crucial tool in creating a successful company. Businesses can reduce competition or increase their influence in supply and distribution by using a variety of integration strategies. They may be able to expand and consolidate their position in the market as a result, improving their competitiveness.
Connecting and Analyzing Big Data Sources in MicroStrategy
Numerous SQL engines in the Big Data ecosystem—including Hive, Impala, Drill, and others—allow users to send SQL queries to Big Data sources and analyze the data just like they would with conventional relational databases. The same analytical framework that they use to access structured data via SQL is thus available to the users.
A method for users to import data directly from the Hadoop file system is also provided by MicroStrategy (HDFS). This is accomplished by utilizing the MicroStrategy Hadoop Gateway, which enables users to bypass SQL query engines and directly load data from the file system into in-memory MicroStrategy cubes for analysis.
Thus, unlocking the potential of big data with MicroStrategy can provide businesses with a competitive edge by allowing them to integrate and analyze large amounts of data to extract valuable insights.
Use Netlink's business-specific Big Data with MicroStrategy solutions to manage your business while you're on the go. Our knowledgeable teams handle usability monitoring, reporting, navigational simplicity, and control. You can better manage your business, respond to customer needs more quickly, and increase team productivity with round-the-clock insights.
By developing and deploying cutting-edge business applications, Netlink, with its team of dedicated, certified professionals with decades of experience, assists organizations in accelerating business. With its business intelligence and digital transformation services, Netlink provides out-of-the-box implementation, complex dossier development, and customized dashboard/dossier/mobile dashboard.
Use Netlink's business-specific Big Data with MicroStrategy solutions to manage your business while you're on the go. Our knowledgeable teams handle usability monitoring, reporting, navigational simplicity, and control. You can better manage your business, respond to customer needs more quickly, and increase team productivity with round-the-clock insights.
Conclusion:
The integration and analysis methodologies suggested by MicroStrategy can be very successful in maximizing the potential of big data. It is clear that an organization can use the in-memory technology and data-driven operations of MicroStrategy to extract significant insights from their data. Additionally, a comprehensive platform for analyzing and acting on the data is made possible by the broad availability of features like analytics, visualizations, dashboards, real-time analytics, mobile applications, enterprise social collaboration tools, and embedded analytics. For businesses trying to get the most out of their data and increase profits, MicroStrategy's comprehensive integration solutions and prescriptive strategies can be a potent tool.
