">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Saturday, January 16, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Columnists

Karani Nyamu on Implications of Big Data

Karani Nyamu by Karani Nyamu
4 years ago
in Columnists
5 min read
0
Image Credit: umassmed.edu

Image Credit: umassmed.edu

By Karani Nyamu,

Karani Nyamu is the Group CEO of Nairobi-based IT company Verve KO and also runs  Kore Forests Ltd, a real estate firm.

****

Big data is one of the techno-social revolutions of our times. This phenomenon has cut into just about every industry, firm and segment of the business world bringing with it significant transformations. There are 5 major ways in which big data has revolutionized the modern world.

Transforming old-school industries: From supply-chain management, content management, and even client relations, big data has had a significant impact on most of the departmental processes and functions. While most firms have always relied on uniform charges or cost-clusters for their clients most big data pioneers tend to rely on demographic and public-credit analytics. This push for systemized analytics rather than uniform data tracking makes profitable analysis very easy and efficient.

Spawning new industries: The need for data-based decision making has spawned both data collection and data service firms across industries. From airline data, tech sales and even industry production, big data has created new jobs and built new industries. Alongside that, has come the development of software for big data analytics. There are nearly 6000 big data analytics firms churning out monetizable data. Big data industry is now worth about $20 billion in the US alone.

Foster Reorganization of Company Processes: The new leaders in big data are especially driven by user-generated content. This is what makes Facebook, Google, Amazon and Twitter such powerful players in the big data industry. They enjoy huge economies of scale when it comes to data acquisitions. Subsequently this generates for them an enormous advantage in terms of running the search engine world. Google has about 12 trillion monthly searches, Amazon has about 2760 million users. These are massive data producers that place these firms well ahead of their competitors.

READ  Typical Mistakes to Avoid When Writing a Research Paper

Related posts

Growing Kenyan entrepreneurship – the digital programmes and projects that are shaping the future

January 13, 2021
0

5 Ways to Make Your Office Space Appear More Professional

December 21, 2020
0

Common VPN myths debunked

December 18, 2020
0

Best File Recovery Software for macOS Big Sur

December 14, 2020
0

 Avails Low budget Effective data: The development of such small and effective data storage systems have created a system in which even small firms can generate and store huge amounts of valuable data. The presence of big data has also ensured that even small start-ups can source for data from ‘data intermediaries’ easily. It also frees them to hire the services of data analytics firms at very affordable prices.

Drives Investor confidence: Firms that utilize big data have always developed both a real and perceived competitive edge that makes them attractive to investors. Their reliance on big data sets them up for a period of successive growth which most often guarantees profitability and higher earnings ratio. In recent times data volume and quality analytics are regarded as part of the intangible assets of firms.

64% of all IT experts invest in big data, three fourths of all CIOs believe that big data drives decision making, while nearly 70% of CEOs regard big data as critical to their businesses.

Readers 1,846

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: Karani NyamuPartner ContentTech
Karani Nyamu

Karani Nyamu

Group CEO Verve, one of the leading Software and Systems integrators in East Africa.

Related Posts

Columnists

Growing Kenyan entrepreneurship – the digital programmes and projects that are shaping the future

January 13, 2021
0
Columnists

5 Ways to Make Your Office Space Appear More Professional

December 21, 2020
0
Columnists

Common VPN myths debunked

December 18, 2020
0
Columnists

Best File Recovery Software for macOS Big Sur

December 14, 2020
0
Bitcoin

How Online Gaming Is Pushing a Wider Bitcoin and Crypto Adoption

December 14, 2020
0
Columnists

2021 Upcoming Mobile Games

December 14, 2020
0
Columnists

BOC 3 Filing Process in the Transportation Industry

December 14, 2020
0
Columnists

Rights That Kids of Divorce Deserve

December 11, 2020
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Baidu establishes an Intelligent electric vehicle arm to bring autonomous cars on a road near you

January 15, 2021

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021

History of Binance: The Success and Failure of One of the Most Popular Cryptocurrency Exchange

January 15, 2021

How we can all contribute to the Green revolution 

January 15, 2021

How to fuliza by Safaricom guide

January 15, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: