Five Big Data Myths that one shouldn’t Miss out

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There are lots of people who are struggling to understand what big data is, and how we can manage it? Moreover, several myths are doing us a disservice and creating a false expectation. So why not get to know about the real ‘Big Data’ and few of the commonly heard myths.

Myth 1: Big Data is Big

Does a Big Data mean Big? No, it’s diverse. Here we talk about the large volume of data that updates with high-frequency from various sources. It’s a granular and individual transaction data. In general, Big data consist of lots of small data. It is what Big data is? Have a look to few of the other myths too.

Myth 2: The Data needs to be clean

In the real-time, nobody has a fresh data. It’s crazy to think that you should have clean data before you analyze your work. Just, the best solution would stay focused on providing the improved quality data. We know that no patterns come with high-quality data, so it’s not necessary that you’ll get the best-cleaned data every time. 

Myth 3: Waiting long to make your data perfect

There is no need to wait so long to get your data accurate. Only, run an analysis, find the problem and fix it. You can rerun the analysis and later check the report. Only test the data yourself and check whether your old data need any better improvement.

Myth 4: Big Data offers you the Concrete answers

The dominant characteristic of the Big Data is Ambiguity. Also, you’ll find multiple sources of data such as transaction, customer, media, etc. which will offer conflicting evidence. So, believing it can be risky some. As more and more data you have, you’ll have more contradictions. You simply need to analyze it with combing multiple sources.

Myth 5: Big Data can create self-learning algorithms

Algorithms are very powerful, right but they require human intervention. There are algorithms which know who your friends are, what are the website and apps you use and when. So, they are human-made and act as how to demonstrate with using the non-marketing data for marketing people.

In the bottom line, we can only say that these myths as mentioned earlier cannot be believed. So don’t have blind faith, use it on your own as the truth is Big Data itself is a tool similar to the computer or any Smartphone.  Get in Touch with Silver Touch as we take you to a business focused approach with delivering super smart organization.  

To understand in more details visit our website - https://www.semaphore-software.com/

If this sounds like the kind of software you’re looking for that could help your business take control of your finances, contact us today on  email at info@silvertouch.com to find out more

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