Why Big Data and Analytics Affects Every Industry
Posted April 27th, 2017
Companies in every industry have one thing in common: data. Whether it is information about their customers, data about workflows and production, or demographics from employees, every business has data that can be used for deeper insights into operations. Combine that with the information that can be gathered from sources like social media and almost any organization can enter the world of big data with relative ease.
With all of the potential knowledge sitting around, it’s no wonder that big data and analytics are affecting every industry in the nation. To help show just how much of an impact it can make, here is an overview of big data and analytics in diverse sectors from across the country.
Agriculture
Agriculture is an industry highly impacted by production variables and market demand. Farmers are able to collect information in real time that show the efficiency and function of their machinery while market data demonstrates the potential value of their efforts. Even the anticipated weather plays a role in decision-making.
Big data and analytics can help them assess all of their data points to manage their businesses more efficiently. It can help them determine when to perform maintenance on field machinery, decide when to bring products to market, and even determine watering needs for crops.
Health Care
An industry filled with data is health care. Information about patients and the effectiveness of care can help determine which course of action is likely to be ideal for a patient based on patterns discovered through analytics. In fact, big data has the capacity to limit the number of emergency room visits that are required by finding signs of potentially serious conditions before they manifest with the more severe symptoms, allowing for earlier testing and intervention.
Big data and analytics can also help predict the spread of communicable diseases, such as flu outbreaks, to give local medical facilities a chance to prepare before the number of patients increases. That way, they can bring in the supplies and staff they need to manage the situation before the situation becomes serious.
Manufacturing
Innovation in the manufacturing industry has led facilities to become more software-based than ever before. Data collected during standard operations can identify inefficiencies even when they are relatively minute, allowing for adjustments to make the process as streamlined as possible. Over time, this can increase production rates, limit waste, and even save energy. As the use of sophisticated sensors increases, allowing real-time data to be available for analysis, the capacity of big data in the sector may even become more powerful.
Understanding the Effect
Big data and analytics affect every industry because there is always room for improvement. No system is completely efficient, leaving room for continuous improvement. Then, as technology advances, the potential to improve processes can be thoroughly reviewed, determining which innovations will provide the most value.
When data is collected and used properly, it becomes a highly powerful tool. And this is true regardless of the industry involved.
If you are looking for employees to increase the capabilities of your business, Bayside Solutions can help you find the ideal candidate based on your production data. Contact us to speak with a recruitment specialist about your hiring goals today.
