Big data And Business Intelligence (BI) or Market Intelligence, an introduction

Novel Strategic Solutions - Big Data & Business Intelligence
What Do We Need To Know?
Big data is the current buzz word in the industry, both commercial and scientific, that is driving everyone crazy out of the box. As the internet is blooming with IoT, data are generated in huge volumes and there are rising concerns about its storage, processing and usage.

What Are We Missing?
Although, big data is everywhere, the knowledge of technology to make use of this data is little or maybe limited to just industrial applications. It is reserved for fewer top organizations and hasn't made into mainstream where it can be actually helpful. Market intelligence can be used effectively by utilizing historical data and predictive analytics.

What Questions Should We Ask?
The relevant questions might be to ask the researchers around the world to come up with innovative applications and strategies, not just theoretically, but practically feasible. We need to ask ourselves, where and how we can use these methods and make our life easier? How can we make our businesses, intelligent?

How Might We Get The Information We Need?
We might get information regarding these concepts or even their applications from online resources and communities. There seems to be some startup coming up with these business models to cater to the demands of the industry in novel ways. The nature withholds knowledge that can be applied to every problem that human beings encounter, in business or in life.

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We prepared and published this seminar abstract for final year engineering students seminar research. You should do your own research additional to this information before presenting your seminar.
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