Big data has completely revolutionized the way companies do business all over the world. After all, if knowledge is power, the more information your company has, the better you’ll be able to meet customer expectations and enhance business operations. However, if your company hasn’t started using data analytics to get actionable insights, it’s behind the curve.
By using the available data that your business gets from varied data sources, you can optimize nearly every area of your company’s operations. With the right business data, you can improve customer service, security, marketing, and more. Continue reading to learn some of the ways you can use business intelligence throughout your company.
Depending on what type of business you own or what industry you’re in, the chances are that you get tons of data from multiple data sources. However, data collection isn’t the problem. How you use the data is what makes the real difference.
Before you can get insights from your data, you have to put it through the process of data virtualization. Data virtualization is the process by which you select data from varying datasets and input a data model that dictates what data functions will be applied. These functions range from data visualization to applying predictive analytics to get insight into future events. You can even set algorithms to automate and manipulate data analytics in real-time.
With the TIBCO data virtualization platform, you can get data from various cloud sources and store them all in your data warehouse for later use or to track in real-time. It’s not only effective, but TIBCO’s platform is also an affordable enterprise data virtualization solution.
One of the greatest ways in which using data analytics is your security systems. It’s no secret that the internet is as full of criminals as many of the worst neighborhoods in the country. That means you have to worry not only about physical threats but also about cyber threats as well.
The best starting point for your company’s security systems with a robust cybersecurity system that applies analytics to monitor threats in real-time. By using data analysis to track how cybercriminals attack, you can tailor your system to be fortified against the biggest and most present threats.
Big data can even help to optimize your physical security. Did you know that law enforcement agencies across the United States utilize predictive analytics to predict the patterns of crime sprees and prevent crime rather than respond to it? The best deterrent to crime is to know what’s coming before it happens.
By using data the right way, you can even find the most effective security equipment for your business. You can even find cloud-based cameras that can send data and live footage to any device with an internet connection.
The Verkada bullet camera is one of the most effective surveillance cameras on the market. It’s durable to be able to withstand the elements, provides a wider view angle than legacy surveillance cameras, and comes with 1080P high-resolution capabilities. Your business and its customers deserve the best when it comes to security, and with big data and high-resolution bullet cameras, you can provide it.
Customer service is the most vital part of your business, and your customers are also the greatest source of data. With CRM software, you can utilize data analysis to get to know your customers better.
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With the right data tools, you can get insights into everything from customer behavior to market demand. The better you know your customers, the better the products and services you can provide. Furthermore, with the vast amount of customer data you get, you can also tailor the customer experience to individual customers, which is a great way to encourage brand loyalty.