Companies That Built Success on Business Data Free Essay Example, 1250 words

The big floods of data in corporations have made evaluating and analyzing easy which has led to the advancements and has given an upper hand in various business strategies. Using an analytical way of decision making minimizes risk which leads to more profit generation (McCafferty). The market of big data is advancing and progressing as faster than ever which has led to both challenges to counter unstructured and structured one while giving numerous opportunities to make advancements like never before. It has given the opportunity to advance at corporate levels where information technology is used as a viable tool to progress and make amends in the present strategies. Data mining is a big question when it comes to it because seeking the right type of information and manipulating it accordingly is necessary. Agreeing with the point that mixing new data with old data and then utilizing it for analytical purposes will lead to far better progress at the institutional level but this can a lso have a negative impact if misused or not properly used to gain results that are incorrect. Incorrect results lead to wrong decision making which then has an impact on the organization overall and its reputation can deteriorate heavily. We will write a custom essay sample on Companies That Built Success on Business Data or any topic specifically for you Only $17.96 $11.86/page