Industry News

The application and trend of large data in various industries

2017-01-23 17:08:13

Where you work, or where you live, transmit, collect and analyze data that will happen around you every day, and may fundamentally change the world in a variety of industries over the next few years.

While you may only focus on your own area or work area, when it comes to large data, it is important to realize that this is the trend that all industries are currently facing. In this way, you may know your lifestyle and your career may be what kind of impact, as well as in their own departments can take advantage of the new opportunities or ideas.

By understanding some of the ways in which the big data used by different industries are currently available, you can see what that means for the future.

medical hygiene

Medical and health is one of the industries with big data impact on enterprises. There are a number of ways in which the collection and analysis of a great deal of information will continue to change the way health care is provided.

social service

In the social service industry, for example, in the next few years, after completing the advanced studies on social work, you may find it useful to collate information, find services and patients, and where and how to live, to discover their relationship with them .

When they first enter the care system, staff can view, for example, the home address of the patient, their association with the social worker, or their hospitalization rate and length of hospital stay. They can analyze the correlation between family status, interventions and outcomes to determine the condition of potential patients.

It is even possible to obtain negative information such as domestic violence in advance. In addition, big data should make it easier for social workers to identify customer needs, even those they do not realize, and then provide tailored services directly to them.

Clinical Trials

Another area where health care is affected by large data availability is clinical trials. Researchers can use large amounts of data to pick the best subjects for their experiments.

In addition, the sharing of data between pharmaceutical companies, may also be a variety of drugs with new breakthroughs. As researchers in the pharmaceutical industry share information, they have found that some drugs may have a wider range of treatment than previously thought.

Manufacturing Industry

Manufacturing industries and enterprises, especially those based on processes, are also using large data to make extensive changes.

Reduce costs and increase profits

In particular, manufacturers are using advanced analytical techniques to reduce costs and increase yields. Production operations and shop floor information are used to provide analytical insight, which helps streamline processes and improve products.

An example, such as biopharmaceutical manufacturing, where manufacturers usually have to monitor more than 200 variables to ensure that the ingredients remain pure, all substances created adhere to compliance requirements. With large data now available, companies can now improve the quality, accuracy and throughput of their production, save significant costs, and produce a large number of products.

Optimize production and customization

Big data is also used to optimize the production plan. Businesses can analyze customer information, supplier and machine availability (and the corresponding cost constraints) to increase their yield. Similarly, they can more accurately predict product demand and production, and faster than before to provide customer service and support.

Large data can make it easier for manufacturers to sell more customized products or to make more profitable prices for the products ordered. While these types of products typically offer higher gross margins than "off the shelf" projects, the costs involved may increase dramatically if the production process is not properly planned.

However, by using advanced analytics, organizations can more easily explain their customized or on-demand product configurations, and they can minimize the impact of risk on the availability of production machines, workers, and space on a production schedule basis.

In the financial sector, Big Data is changing how banks and other institutions do things such as generating customer intelligence, reducing risk, and meeting regulatory targets.

Understanding customers

Many banks now use big data to improve their understanding of customers, and to locate their customers and sell products to consumers, whether in retail banking, loans, credit cards and wealth management and other fields. Fund managers and other organizations may also use large data to continue to increase agency and customer interactions.

Many financial institutions are also using large data for predictive analysis to help them meet changing regulatory requirements and to avoid day-to-day operational risks. For large amounts of information tracking and research will likely be increasingly used in the fraud and risk sectors, organizations can accelerate real-time analysis and early warning, and improve their financial model.