Category: Big Data

How Data-Driven Decision Making Can Help Your Organization?

Gone are the days when business decisions were based on mere gut instincts. In today’s world, making data-driven decisions is crucial. Otherwise, it might lead to significant financial loss for the business organization. Nowadays, decisions related to the organization are based on factual data. It reduces the chances of errors and enables the company to use data for characterization. Using data as a valuable asset aid in making critical data-driven decisions with ease. It ultimately aids companies in becoming more efficient with better outcomes. 

Advantages of using a data-driven decision-making approach for the business

There are multiple benefits you can gain from cultivating a data-driven culture. Inevitably, it assists in making crucial data-driven decisions for the business organization. Here are the advantages listed. Take a look –

  • Constant improvement

It is true that data-driven decisions open up multiple opportunities for innovation and improvement. With data available, companies can monitor different metrics, make changes and see if the modifications bear the desired results. Besides, you can also predict future trends, thereby making decisions that affect the business positively. 

  • Better accountability

Accountability is one of the main aspects of a successful organization. If the business is not accountable for the decisions, then there is no scope for making improvements. The collection of data and storing it safely for keeping records is an excellent way to establish accountability. 

  • Improved communication

Having a single location or platform where data from various departments are converged to be seen by all can help speed up the decision-making process. It facilitates smooth collaboration between the different departments. Lack of confusion and easy access to necessary data ensures high-quality work within the stipulated deadline.

  • Increased speed in decision making 

Data aids in attaining analytical insights, which ultimately help in resolving business problems. Facts and data help business organizations make quick data-driven decisions. Apart from that, the reliability of the process becomes more prominent. With swift and reliable decision-making, businesses gain more confidence.

  • Making confident decisions

Sometimes, making critical business decisions can be challenging. However, when you make these decisions based on data, you will feel more confident. That is because it is irrefutable that data doesn’t lie or produce errors. Getting rid of subjective elements such as emotions aids in making decisions that favor the business organization. But, it is vital to accept that data-based decisions might not be right all the time. 

  • Enhanced efficiency

With access to data on various metrics such as customer feedback, web traffic, etc., employees can make better decisions. Ultimately, it helps them to improve work quality and display excellent efficiency. It also aids in preventing loss of time, resources, and effort.

  • Empowering employees

Access to the right information at the right time makes it easier for employees to complete the tasks they are given. With a data-driven culture, you can ensure that the employees have access to the latest tech and in-depth data. That way, they can make better data-based decisions. It will ultimately lead to an increase in employee satisfaction, making them feel empowered.

Conclusion

It is without a doubt that data is imperative for improving the overall performance of the business organization. As data is the basis of different business processes, adopting the data-driven decision-making approach makes sense. Using this approach leads to the accurate assessment of data which leads to the discovery of useful insights. That can be used to grow the company and make critical decisions. In order to stay relevant and gain an edge over the competitors, it is vital to adopt the data-driven decision-making methodology! Check out the portfolio of GoodWorkLabs, based out of Bangalore, India. Their experienced team will not only make an amazing application for you but also make sure that you can track the progress of your application and it stands unique and fascinates users. To discuss further, contact here!

Cloud Computing – Pros & Cons

Cloud computing is the latest buzzword in the industry nowadays. If you want to survive in the digital world or provide digital services of any kind, you will have to step up your game and start using cloud services. But first, you need to understand the advantages and disadvantages of cloud computing and how to overcome the disadvantages. While it’s definitely not something that you should rush into without prepping for it. In this article, we will discuss the advantages and disadvantages of cloud computing along with some best practices.

Cloud computing allows organizations to manage their data in a more cost-effective and efficient manner. This has led many to move on to the Cloud, and it is quite the trend in the tech world. With more and more organizations adapting to and adopting cloud services and tools, experts are of the view that very soon Cloud computing will replace the traditional enterprise application platforms.

What is Cloud Computing?

Cloud computing can be defined as a technology that stores, manages and processes a bulk load of data on remote servers. There is no use of physical drives or local servers.

While using cloud computing to store and manage data comes with its own set of advantages. With the collating, quantifying and processing of the data well taken care of, managing the business becomes easier. That is why organizations are switching over to cloud computing.

Let’s get into the pros of cloud computing:

Cost-Effective

The key benefit of Cloud computing is that it helps in cost-cutting. There is no need to spend money on building and maintenance of infrastructure for managing Big Data. The cloud space needs to be bought from service providers or vendors. So, all data-related maintenance, back-ups, and disaster management are taken care of. It gives you ample time to focus on the core business and saves you money that otherwise would have been spent on skills and resources.

Provides Flexibility

Cloud computing gives you sufficient room to adjust and adapt to fulfill your purpose in case it changes with time. It helps you to utilize your resources in the right manner. You can optimize your resources as per your need.

Better Accessibility

Unlike the old methods, Cloud technology allows you to access data from any place at any time from any device. It definitely improves operations and data analytics.

More Integration

Integration is another contributing side of cloud computing. Assimilation of new data sources and managing huge volumes of data becomes very easy. There is no shortage of storage which comes as a boon when you want to keep up with the increase in your data.

 

With cloud computing, anyone can enjoy the benefits of Big Data infrastructure without having to build or maintain an on-premise Big Data infrastructure that demands skilled resources and a significant amount of money.
Availing cloud technology allows organizations to pay for the resources that they need at that time. As soon as the purpose is fulfilled you can drop the extra load just like that. Everything happens quicker when you are working in the cloud. Even the expansion of data platforms takes significantly less time.

Cons of Cloud Computing
Downtime can happen anytime

So when it comes to the advantages and disadvantages of cloud computing, downtime is at the top of the list for most businesses.

Since cloud computing systems are all internet-based, there is no way to avoid downtime and it can happen anytime. Moreover, without internet connectivity, you will not be able to access the data, software, or applications on the cloud. Major downtime can lead to customer dissatisfaction and data failure.

Issues with migration

If due to any reason the organization plans to shift or change vendors then it becomes a problem as disengaging with one vendor and moving to the other is a big task and there is a possibility of data loss if not done properly. . The applications that work fine with one platform may not be compatible with another and the transition might pose a risk and the change could be irreversible due to synchronization and support issues.

Other concerns related to administration and data security are also deterrent factors that prevent organizations from shifting to cloud technology. However, that should be the least of the concerns for anyone as the majority of the cloud vendors provide cloud platforms that endure total security to data and other company information.

Conclusion

After considering both the advantages and shortcomings of cloud computing, it cannot be denied that the positives do outweigh the negatives. The trend of shifting data to the cloud will gradually make all the older methods go obsolete. The benefits of cloud computing are hard to ignore and the evidence is clear in its rising popularity. One can very well say that Cloud computing is the future.

If you want to know more details about how you can use your data better, reach out to GoodWorkLabs!

Advantages Of Big Data Solutions For Startups

Big data provides the scope and scale to present a clear picture of the data. Big data solutions manage the large data sets of organizations, through which insights are gained and utilized. Big data gives you insight by the sheer volume of numbers and metrics.  Through it, processes, customer behaviour, logistical issues—all of these can be identified, segmented, and analyzed with big data. Further, when linked with tools like analytics and machine learning, your business gets the capabilities to make data-driven decisions. All of these combined can further elevate and accelerate your goals. 

So if you are thinking about how you can employ big data to help your business scale, you are at the right place. Read on to know more details about it – 

  • Gives better insight
  • Improves Productivity levels of your team
  • Make better marketing campaigns
  • Streamline the data to help every department
  • Give personalized attention to customers

Yes, leveraging big data solutions gives you all these benefits along with many other.

GoodWorkLabs, a Big Data solutions company, uses a mix of technologies to build a data science software platform for Analysts and Data Scientists to explore, prototype, and analyze tons of unstructured or structured data efficiently.

 

At GoodWorkLabs, the team is working on a multitude of technologies to help companies leverage their data and acquire new customers. We focus on creating a unified data platform to help businesses solve real problems. Right from creating an optimized platform to accelerate business performance to providing predictive analysis and customer insights, GoodWorkLabs offers innovative and customized big data Services for your business.

 

So if you are thinking in what ways your startup will benefit from big data, then let us show you some commonly used cases of Big data – 

 

Gives proper insights into the data your business produces and so you can put it to work. 

By analyzing the data correctly, you’ll get a multitude of insights that you can utilise in many ways. One of the ways is understanding the purchase data, if you are running an ecommerce business. It largely consists of records of orders, invoices, methods of payment, the timing of payment, and other data, etc. This information is vital to several different teams in an organization, like accounting, merchandising, inventory, supply chain, and others. From the marketing perspective, you can also utilize this data to help you recognize specific customer attributes, such as the frequency of purchases and, in some cases, budgets. 

Better Productivity levels

When the team has a set of data that properly denotes what areas need work, the team’s productivity level increases. As people have a clear idea on what to work and where to work, to get results. For example, knowing what people do with their devices makes it easy to understand the patterns of the target audience. You can also target people based on the device they use, such as phones, laptops, tablets, or other devices. You can also track a customer’s behavior on your own website. So, you get a lot of insights about your customers and thus can make efforts to please them. 

Improved marketing campaigns

With big data solutions, you can gain insights into the data collected from social media data channels. You get the raw insights and information collected from individuals’ social media activity on your pages. Social media data tracks how individuals engage with your content or social media channels like LinkedIn, Facebook, and Twitter. It gathers all the metrics such as numbers, percentages, and statistics. This data will help you improve your marketing strategy and you’ll attain more in less budget. 

So what are you thinking now?

Get in touch with GoodWorkLabs to get big data solutions and take your business to the next level! Our experienced team will make sure you get the best out of your data. Contact the GoodWorkLabs team here

How Big Data Solutions Can Help Your Business?

Companies big and small are all utilising Big data to do the work. Big Data can be utilized by all the industries to get a better insight into the data they have produced and put it to work. Big data gives you insight by the sheer volume of numbers and metrics. It provides enough scope and scale to present a clear picture of the data.  Processes, customer behavior, logistical issues—all of these can be identified, segmented, and analyzed with big data. Then, when linked with tools like analytics and machine learning, your business gets the capabilities to make data-driven decisions. This further elevates and accelerates your goals.

Big data can help your startup to grow and leverage the benefits it offers. So if you are thinking in what ways your startup will benefit from Big data then let us show you two commonly used cases of Big data – 

You get to know about your customers

You can know a lot of things about your customer through Big data. How? By knowing their buying pattern, purchase history etc. Especially the purchase data largely consists of records of orders, invoices, methods of payment, the timing of payment, and other data, etc. This information is vital to several different teams, like accounting, merchandising, inventory, supply chain, and others. From the marketing perspective also you can utilize this data, as it can help you recognize certain customer attributes, such as the frequency of purchases and, in some cases, budgets. 

You can analyse the behavioral data 

Through Big data you get to know what people do with their devices. Thus it makes it easy to know the patterns of the target audience. It will help marketers to include actions a person takes with a phone, laptop, tablet, or other device. You can also track a customer’s behavior on your own website. So with this data, you get a lot of insights about your customers. 

Increase sales and loyalty through Big Data

Big data allows businesses to tailor their products and services to suit the needs of the customer wants. So your business is able to give customised services to your customers and the result is that you get more satisfied customers. With analytics services, your business gets to use the tool without any differentiation of whether it is a small or big organisation. 

So what are you thinking now?

Big data is a revolutionary technology that has the potential to turn things upside down and give you the insights to serve customers better! Get in touch with GoodWorkLabs to get big data solutions and take your business to the next level!Our team is well versed with technology and Big data and will help you to take your business ahead. Contact the GoodWorkLabs team here

How Big Data Technology Can Helps SMEs?

Big data refers to massive quantities of data that can be structured, collected, analyzed, and shared. It is basically all the information we develop, such as texts, emails, tweets, etc. Moreover, it is one of the best marketing strategies that companies can opt to improve sales and gain more customers. You might be surprised, but 61% of business organizations are of the opinion that big data enhances revenue by delivering crucial insights into consumer behaviour. With such information at hand, you can understand the needs and desires of your customers. 

How can you leverage the benefits of big data for small businesses?

Every day humans produce 2.5 quintillion data bytes. To shift through the massive amount of data, businesses can take advantage of big data technology. With the best analytical tools, you can now have more knowledge about your customers. Check out the top five benefits that big data offers to small businesses. 

  • Improvement in customer service

One of the most advantageous aspects of using big data is to improve customer service. The real-time insights on customers aid in discovering consumer thought processes and behaviour. Now, you can make the necessary changes to your customer approach tactics with ease. Personalization of your customer service will undoubtedly increase customer engagement. This, in turn, will drive up the sales. It is vital to note that the retention of customers can help the business to thrive. 

  • Increases efficiency

The usage of various digital tools aids in boosting the efficiency of the business. For instance, with the use of different social medial platforms, one can expand the brand visibility with ease. These tools, if used correctly, can be used to save time and money to a considerable extent. Moreover, you can also use big data to evaluate the finances and improve the pricing of the products and services. 

  • Enhanced loyalty and sales

Valuable information such as shopping preferences, etc., can aid you in knowing more about your customers. As such, you can now tailor your services and products as per the requirements of the consumers. Thus, you can provide whatever they want, thereby getting their attention. It is vital that you take advantage of the digital footprint and analyze it to hook in more customers. 

  • A better understanding of CRM or Customer Relationship Management

The utilization of CRM to reply to consumers promptly can ultimately aid in keeping them. For this, you can use personalized emails and ads to garner the attention of your consumers. As per research, one-quarter of Facebook and Twitters users are of the opinion that companies must respond to issues within an hour through the social media platforms. 

  • Easy team management

With the assistance of big data, it is now easy to manage teams and thereby increase the productivity of your business. Now, you have the information that you need to recognize employees who can contribute value to your business. With the aid of the best analytical data, you can ensure employee happiness and indirectly motivate them to work even harder. 

Conclusion

These are some of the advantages that big data technology provides to SMEs. Moreover, there are various ways these businesses can use big data to propel their sales. It is vital that you use the data to develop the personalization of services for your customers. Get in touch with GoodWorkLabs to get big data solutions and take your business to the next level! Our experienced team will make sure you get the best out of your data. Contact the GoodWorkLabs team here

Top 5 Advantages Of Big Data Technologies For SMEs

Did you know that big data can help in increasing the revenues for small businesses? You might be surprised, but 61% of business organizations are of the opinion that big data enhances revenue by delivering crucial insights into consumer behaviour. With such information at hand, you can understand the needs and desires of your customers. 

 

What is big data?

In essence, big data refers to massive quantities of data. Moreover, it can be structured, collected, analyzed, and shared. It is basically all the information we develop, such as texts, emails, tweets, etc. Moreover, it is one of the best marketing strategies that companies can opt to improve sales and gain more customers. 

 

Benefits of big data for small businesses

Did you know that every 24 hours, humans produce 2.5 quintillion data bytes? To shift through the massive amount of data, businesses can take advantage of big data technology. With the best analytical tools, you can now have more knowledge about your customers. Check out the top five benefits that big data offers to small businesses. 

  • Improvement in customer service

One of the most advantageous aspects of using big data is to improve customer service. The real-time insights on customers aid in discovering consumer thought processes and behavior. Now, you can make the necessary changes to your customer approach tactics with ease. Personalization of your customer service will undoubtedly increase customer engagement. This, in turn, will drive up the sales. It is vital to note that the retention of customers can help the business to thrive. 

  • Increases efficiency

The usage of various digital tools aids in boosting the efficiency of the business. For instance, with the use of different social medial platforms, one can expand the brand visibility with ease. These tools, if used correctly, can be used to save time and money to a considerable extent. Moreover, you can also use big data to evaluate the finances and improve the pricing of the products and services. 

  • Enhanced loyalty and sales

Valuable information such as shopping preferences, etc., can aid you in knowing more about your customers. As such, you can now tailor your services and products as per the requirements of the consumers. Thus, you can provide whatever they want, thereby getting their attention. It is vital that you take advantage of the digital footprint and analyze it to hook in more customers. 

  • A better understanding of CRM or Customer Relationship Management

The utilization of CRM to reply to consumers promptly can ultimately aid in keeping them. For this, you can use personalized emails and ads to garner the attention of your consumers. As per research, one-quarter of Facebook and Twitters users are of the opinion that companies must respond to issues within an hour through the social media platforms. 

  • Easy team management

With the assistance of big data, it is now easy to manage teams and thereby increase the productivity of your business. Now, you have the information that you need to recognize employees who can contribute value to your business. With the aid of the best analytical data, you can ensure employee happiness and indirectly motivate them to work even harder. 

Conclusion

These are some of the advantages that big data technology provides to SMEs. Moreover, there are various ways these businesses can use big data to propel their sales. It is vital that you use the data to develop the personalization of services for your customers. 

So what are you thinking now?

Get in touch with GoodWorkLabs to get big data solutions and take your business to the next level! Our experienced team will make sure you get the best out of your data. Contact the GoodWorkLabs team here

History of Big Data- A Technical Comedy

From the most primitive writing forms to the latest data centers, humans have loved gathering information. As technology progressed through the years, data overflow has become the new normal. This massive amount of data requires very sophisticated data storage systems.

As to why Big Data has had what we can call a comedy of sorts, we have taken a different approach and divided the history of Big Data into acts. We have done this in the form of a story, to help you connect and remember what you read for a long time.

Despite its existence for a long time, Big Data has been a topic of puzzlement for a lot of people. The biggest issue is the lack of people qualified enough to handle Big Data and utilize their practices.

Stay assured that this article will help you get into the deeper realms of Big Data and its world.

Big Data Technical Comedy Goodwork Labs

 

The History of Big Data

 

ACT 1- GOOGLE DOES NOT LIKE DATABASES AT ALL

All kinds of analytics got done with the help of databases. Every imaginable type of data was present in databases. As a pattern, any of the data good enough for a database used to find itself in a flat file.

Google used to have a dislike for databases. They would have tried storing their data through databases, but it did not work. It would have been successful, but the company to make that happen definitely will have asked for too high a price. As a result, Google used files.

Google is a huge company, so they built an extensive, distributed file system. It was never surprising as it was Google, after all.

The company faced an issue, as there was a need for a query about the large files. The engineers and developers came together and devised a simple solution for a complex problem. This solution made the developers at Google geniuses in their own right. What is surprising is that they spread the news and told about it to everyone, while they made huge money with the devised solution.

The reason why they told everybody is still unclear. To increase the knowledge of people, or let others think as they did so that more people got good jobs. These are a couple of plausible reasons.

Or they knew that MapReduce was not supposed to work in the long run of time and wanted to send their competition in the wrong direction. A good enough third reason?

 

ACT 2- NEW PROCEEDINGS

Whatever may have been the reason, the world got a shock, and when the world faces something entirely new, the level of interest breaks all known barriers to knowing about it a bit more.

This is when some people huddled together and implemented Google’s strategy in open source. Yahoo, the then competitor to Google, helped these people out by funding them to a considerable extent. This was the birth of Hadoop.

Now, the issue was that every company was not Google, and so, the presence of such a massive amount of data was not there. Many companies did not even have sufficient data to fill a MySQL database. Still, everybody liked MapReduce.

People thought about a lot of data and created Big Data. They thought about how a lot of data from the world can be collected, store it in an understandable format and bring about a change in the world.

This was when people also understood that scientists were handling Big Data for a long time, but referring to it as scientific computing. The world now had Big Data in literal terms.

 

ACT 3- A LOVE-HATE RELATION WITH SQL

It was apparent that Google was not very fond of databases, and some pointed out the reason to be SQL. But of course, making SQL work with big files was a little tricky. Now, this was what people love to call ‘a window of opportunity.’

Predictably, investors went into a frenzy and poured their money into Hadoop.

 

ACT 4- THE LEGACY CONTINUES

Soon after money got invested into Hadoop, Spark came to the fore, beating Hadoop by a large margin on performance. This was the time where Hadoop lost the race finally. The investor money was all put into Spark itself.

It is tough to understand where Hadoop ends and Spark begins. While both are MapReduce technologies, Spark came up to be the future. Because of Spark, the Machine Learning technology got a huge boost, and soon, the advent of data science takes shape.

Now Spark displayed inefficiencies while working with deep learning. Google and other companies did create new techniques, but it did not matter too much as most of the data was small.

 

ACT 5- BIG DATA FINALLY BECOMES “THE THING”

This is the time when Big Data/AI/analytics got it all. A huge market, customers, use cases, and even investors. But there still is a difficulty. The difficulty to find out people for building such systems.

Moreover, the difficulty increases more when the architects to think it out and make systems workable are needed. Nobody is thinking about the usability yet, and problems like bias have started to creep up in operations.

Big companies with their rebranding as Big Data companies are not showing the growth expected. The chunk looks to be going in favor of the Blockchain.

 

ACT 6- THE JOURNEY STILL CONTINUES

There is AI, singularity, and even the robots are taking a dominant stand in our lives. Machines do threaten our presence at doing our jobs. Bots too are making their presence felt, but most of them break down pretty quickly.

However, there is still hope for Big Data. The work is being done for it already. Programmers are getting trained.

The number of people asking for analytics is increasing with each passing day. With more end to end stories and getting the usability right, Big Data can still work very successfully.

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BENEFITS OF BIG DATA FOR FOOD AND BEVERAGE INDUSTRY

When we talk about the food industry, we also know that it is the biggest and most important sector in the industrial world. The food and Beverage industry is increasing in scale at a high pace in terms of technology. With the addition of Big Data, however, the industry has reached a whole new level.

This new technology has permitted the food industry to improve at a breakneck capacity. Technology, with the added benefit of Big Data, has developed the procurement of insights from data. Not only from data, but also from the marketing campaigns and more interactive development to create an innovative product.

It is not wrong to say that Big Data has helped the food and beverage industry scale new heights.

 

Food and Beverage Industry, and Big Data

 

The food industry, under Big Data, is witnessing growth at a high pace.

In fact, as per a report by McKinsey, food retailers witnessed an improvement in their profits by almost 60% with the use of Big Data.

The F n B industry is getting more organized with real-time insights and taking note of many important points.

All this is made possible through Big Data, allowing companies to get plausible leverage for their services.

Even with Big Data though, there is one critical challenge-

The F n B industry today has a shallow degree of customer loyalty, making it more competitive and fragmented. The industry did not depend on the available data. Instead, they relied on a traditional reporting format.

However, the preferences of a customer are bound to change pretty regularly, making it very difficult to keep pace with them. This has led to a revolution of sorts in the food and beverage industry.

Big Data helps to analyze all the structured and unstructured data. This data comes either through modern sources or even traditional methods. Once collected, this data provides many insights for shopping trends, market development identification, and customer behavior.

Big Data analysis provides a competitive edge to the entire food and beverage industry. Many big names are taking advantage of Big Data to stay ahead of their competitors.

Benefits

It is evident with the impact of Big Data on the food and beverage industry that there are several benefits on offer. With such a dynamic sector under focus, Big Data proves its mettle through the following benefits-

  • ANALYSIS OF CUSTOMER BEHAVIOUR

Customer demands today change with every passing second. This makes it difficult for the food and beverage industry to meet their expectations consistently. Big Data, however, can provide the data analysis required and provide insights on changing the behavior of customers.

Through the collected ideas, efforts to improve market efficiency get easily implemented.

With the development of technology online and on smartphones, customers now have a wide array of options to address their needs. The advancement has led to the food industry to collect the maximum data for their choices.

From the particular food items and change in their preferences to order value, there is data for everything today.

It is simpler than ever to grab on the customer information to help get potential value to businesses. With significant growth in this industry over the last decade, the total cost from mobile and online technologies have proven to be immensely useful.

The utility has not only been in monetary terms but also spans through the ease of collecting information to improve the marketing campaigns for companies drastically.

  • BETTER INSIGHTS

When it comes to the most technologically innovative area in the food and beverage industry, it has to be data analytics. As the industries become more and more focused on the customers, there has been a constant flow of ideas to improve data quality.

This data is used widely to modify product offerings and customer demand, as well. In such a scenario, data analytics has proven to be the core promoter of the food and beverage sector. Presently though, the efficiency and effectiveness of data are not suited well enough to achieve desired results.

The lack of this point has made it all the more important to innovate and open up new doors related to the subject area. Innovations will permit companies to get better insights for the benefit of brands and get help to manage their products.

  • INCREASED EFFICIENCY

The bonds of restraint will help you as a business to explore many new options through the help of Big Data. It is the perfect way to boost your sales and business efficiency.

The data-driven nature lends you the flexibility to go with a new trend, thanks to better analysis of data sales.

A better understanding of restaurants with their customers is made possible with better analytics and will improve the brand value of your company.

The improved practices in the food and beverage industry can have a lot of influence on the Big Data sector. An individual restaurant can understand its competition in a better place. Initially, it is going to take some time. But then you will start getting proper data while also tracking your competition’s growth.

You will have every opportunity to get a competitive edge with this improved method of marketing.

  • ENHANCED SALES AND MARKETING TACTICS

It is effortless to track purchase decisions through Big Data for wholesaling. If a product gets picked at an increased rate, you will get a lot of help to increase the sale of your business.

For instance, if the sale of a particular type of food on a discount in a region gets monitored, the data collected can be analyzed in terms of profit and an increase in the purchase of this specific product.

You will get a set of data to help you in setting the quality of the food and beverage offerings. With the help of this data, the sale and marketing plans can be executed efficiently by the companies for their products.

  • QUALITY CONTROL

Big Data plays a crucial role in the overall quality of food and beverage. Companies in the sector can effortlessly control the quality of food supply through aggregate data. Customers expect to have the same taste and quality every time they go for a particular product.

Any difference negatively impacts their preference and brands end up losing their customers. In such situations, data collection is your best option. The data collection will regularly update you on the quality of food.

 

Big Data has eased restaurants and companies to develop more advanced forms of marketing to engage global customers. Adding to that, companies can use the various social media platforms already in use by a huge number of people.

Their reviews and testimonies have the potential to take your business to a whole new level.

Need Big Data solutions for your Food & Beverage business? Get in touch for tailored Big Data solutions for your business at affordable prices.

 

 

 

 

 

 

 

 

Interesting Facts About 2019 Elections And The New Age Technology

India’s most anticipated events of 2019 — General Elections of Lok Sabha is right here.

 

From political campaigning to social good, AI seems to have been actively used for data prediction & accuracy. On the other hand, New Zealand which will be hosting the election for Prime Minister in the year 2020. For this very election, Sam is the frontrunner. He has the right amount of knowledge on education, policy, and immigration and answers all related questions with ease. Sam also is pretty active on social media and responds to messages very quickly. When it comes to being compared with the other politicians; however, there is one huge difference- Sam is an AI-powered politician.

 

2019_elections_AI

 

Sam is the world’s first Artificial Intelligence (AI) enabled politician developed by Nick Gerritsen, an entrepreneur driven by the motive to have a politician who is unbiased and does not create an opinion based on emotions, gender and culture.

This is just one of the many instances where AI is playing an increasingly crucial role in politics all over the globe. Political campaigns have been taking the help of AI for quite a long time now.

ARTIFICIAL INTELLIGENCE AND POLITICS

The most significant advantage of AI in politics can is its ability where it can accurately predict the future. Political campaigns make the use of machine learning, social media bots and even big data to influence the voters and make them vote for their political party.
Apart from just wins and losses on the political front, AI presents with more obvious implications in decisions and policy making. Reports claim that deep learning, an essential aspect of AI, can look after issues that relate to executing the schemes laid down by the government.

The technologies that use AI for social good are also on the rise since some time now. This is why the arrival of AI politicians is not very surprising. As to how big data and deep learning help it all out, we will be discussing it further below.

BIG DATA AND VOTER’S PSYCHOLOGY

With such a flurry of content on all social media platforms, it is understandable to get confused in determining which political leader is going to have the best interests of the nation at heart. You will be surprised to know that the leaders know how you think and also what you expect from them. Elections have a lot to do with psychology other than just indulging in political games.
While going through the Internet or mobile apps, you must have noticed that there is a pattern to the kind of videos which pop on your window. Some of these pop-ups are also related to the elections and candidates located within your vicinity. This pattern is backed up by reason.

The Lok Sabha election of 2019 may or may not play a decisive role in creating a bright future of India, but it is a witness to the fact that the use of technology is driving the people to act in a certain kind of way. It essentially is India’s big data election which is underway through several algorithms, analytics, and obviously, Artificial Intelligence.

Though they are not exactly visible in the election, they are more of the channels which are always present when it comes to tracing the online actions of voters, political messaging, customizing the campaigns and create advertisements targeted at the voters.

The Congress political party has provided all its candidates with a data docket which can track on-ground activities by their Ghar Ghar Congress app. The data dockets have information regarding households, missing voters, new voters, and even the local issues which plague the concerned constituency.

At the other end, the BJP looks far ahead in its quest to appeal the citizens to keep their party in power for another tenure. In states of the North, the party is a host to more than 25,000 WhatsApp groups. Ironically though, by the time Congress thought to compete with it, WhatsApp changed their policies, leaving the Opposition out to dry.

The optimal use of neural-network techniques, more often referred to as deep learning allows the political parties to have an unbeatable ability and have a fact-based study as to how such kind of data.

We at GoodWorkLabs are enthusiastic about creating such offbeat solutions using our expertise in AI, ML, Big Data, RPA. If you’ve any requirement which is this interesting & complex in nature, drop us a line and let us help you with a robust solution.

Why Cloud Computing is the future of enterprise application platform?

Cloud computing to store and manage the Big Data

 

Technology is the marvel of human innovation. It keeps evolving at a rapid pace with the sole aim of simplifying human life. The recent years have been the most remarkable in the history of technology. New innovations have been replacing the old tech and the industry has been in an ever-adapting mode.

 

why-cloud-computing

 

Constant up gradation is the only way one can survive and thrive in this competitive Digital Age, especially when one is in charge of running an enterprise. Any organization, big or small deals with a bulk load of data regularly. The popular term used to denote massive volumes of data in an enterprise is Big Data. Now, there was a time when local servers were used to store the data and run it, but that changed with the introduction of Cloud computing.

In simple terms, Cloud computing allows organizations to manage their data in a more cost-effective and efficient manner. This has led many to move on to the Cloud, and it is quite the trend in the tech world.
With more organizations adapting to and adopting cloud services and tools, experts are of the view that very soon Cloud computing will replace the traditional enterprise application platforms. But before we delve any further let’s brush up on the basics of cloud technology and the ones related to it.

Cloud Computing and Big Data

Cloud computing can be defined as a technology that stores, manages and processes bulk load of data on remote servers. There is no use of physical drives or local servers.
Big Data, on the other hand, is the massive volume of structured and unstructured data processed and managed by an organization for further analysis. The smooth running of any organization depends on the successful storing and processing of the data, as it is directly related to the core functions.

Why Do You Need To SwitchOver To Cloud Computing?

Using Cloud computing to store and manage the Big Data comes with its own set of advantages. With the collating, quantifying and processing of the data well taken care of, managing the business becomes easier. Here are a few advantages that you get to enjoy through Cloud computing:

  • Cost-Effective: The key benefit of Cloud computing is that it helps in cost-cutting. There is no need to spend money on building and maintenance of infrastructure for managing Big Data. The cloud space needs to be bought from service providers or vendors. So, all data related maintenance, back-ups, disaster management is taken care of. It gives you ample time to focus on the core business and saves your money that otherwise would have been spent on skills and resources.
  • Flexibility: Cloud computing gives you sufficient room to adjust and adapt to fulfill your purpose in case it changes with time. It helps you to utilize your resources in the right manner. You can optimize your resources as per your need.
  • Accessibility: Unlike the old methods, Cloud technology allows you to access the Big Data from any place at any time from any device. It definitely improves operations and data analytics.
  • Integration: Integration is another contributing side of cloud computing. Assimilation of new data sources and managing huge volumes of data becomes very easy. There is no shortage of storage which comes as a boon when you want to keep up with the increase in Big Data.

Anyone Can Achieve Big Data Analytics through Cloud Computing

Setting up and maintaining an on-premise Big Data infrastructure demands skilled resources and a significant amount of money. This becomes an issue for small or mid-level businesses as they don’t have the financial strength to afford that. But with cloud computing, anyone can enjoy the benefits of Big Data infrastructure without having to build or maintain themselves.
Availing cloud technology allows them to pay for the resources that they need at that time. As soon as the purpose is fulfilled you can drop the extra load just like that. Everything happens quicker when you are working in the cloud. Even the expansion of data platforms takes significantly less time.

The Shortcomings of Cloud Computing

The ones who have already spent a big chunk of the finances in building their own Big Data infrastructure might face some difficulty in transferring the data to the cloud. For many, it becomes too difficult to carry the burden of the extra cost.
In other cases, the people taking care of the already existing infrastructure, express displeasure while handing over the duties to the third party service provider. In that case, the heads of the organization need to convey the long term benefits of cloud computing to the employees.
Other concerns related to administration and data security are also deterrent factors that prevent organizations from shifting to cloud technology. However, that should be the least of the concerns for anyone as the majority of the cloud vendors provide cloud platforms that endure total security to data and other company information.

Cloud Computing and Data Analytics

With time there is a high chance that a company will experience a hike in the volume of data. If the infrastructure is not able to match up to the data demand then the analytics takes a direct hit. It causes the performance to falter due to the slowing down of analytics tools. That’s why it is very important that you transfer the analytics to the cloud along with the Big Data.
Building the Big Data analytics platform in the cloud allows the organization to leverage the stored cloud data for analytics. This process enables faster accessibility of the Big Data. That way the user can make use of it easily during the time of need.

Conclusion

After considering both the advantages and shortcomings of cloud computing, it cannot be denied that positive does outweigh the negatives. The trend of shifting data to the cloud will gradually make all the older methods go obsolete. The benefits of cloud computing are hard to ignore and the evidence is clear in its rising popularity. One can very well say that Cloud computing is the future of enterprise application platforms.

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