Monday, December 01, 2014

Big data to stay


While big data sounds like yesterday’s buzz word to most, this massive amount of analytics related to sales, consumer behavior and historical activity is something that is only getting bigger and more crucial for companies of all industries.

            Looking at the chart below, you can see that business executives of top companies worldwide are increasing their literacy and/or understanding of big data. You cannot be at the top of your firm without knowing how to dissect the myriads of data which has the potential of steering the company towards making the most profitable strategic decisions.

 
            This is an extremely advantageous trend for MBA graduates, who are trained to translate large excel files filled with quantitative and qualitative data into meaningful information.
 

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