With quintillions of data created every day, it has become essential for us to employ advanced technologies to tackle it. In comes big data analytics with its creative and innovative approaches by the virtue of which significant amount of useful information is unraveled from tons of useless data. This useful data is not only changing businesses worldwide but has a larger impact on humankind as a whole. A number of sensitive sectors like healthcare, security, banking and education seem to be benefiting from big data analytics and it has also improved the otherwise grim employment scenario of the world.
How BDA is improving healthcare services worldwide?
Healthcare is one sector where failure means death for a lot of human beings. With more problematic diseases being discovered every year, medical facilities all over the world feel extreme pressure. Oftentimes diagnosis gets delayed resulting in the death of many. However, Big Data Analytics if used effectively can not only help to recognize changing patterns of diseases fast but also can help with fast diagnosis of people. For example, with the help of big data analytics researchers can easily discover insights like which treatment is working for a certain ailment and which treatments are irrelevant.
Impact of Big Data on the banking sector.
Banking industries across the world has witnessed a rapid growth in the amount of data generated and stored over the last few years analyzing which the banks has been increasing their operational efficiency and scalability. Banks across the globe lose a significant amount of revenue to fraudulent activities and human errors. Big data can efficiently prevent frauds even before they take place with the help of software like the SAS AML. The SAS AML is a popular anti money laundering software across the banking sector which is why many data professionals aiming for a career in the banking sector get trained from a SAS training institute. Moreover, with the help of BDA many banks have developed a credit scoring system which can put a stop to the menace of bad loans.
How Malaysia is using Big Data analytics to its advantage?
Malaysia had a positive approach towards big data from an early stage. With the help of the governments multiple initiatives Malaysia has been able to embrace and utilize big data analytics to boost its digital economy. With more than 22 multinational BDA companies having set up in Malaysia, the country is showing way of the future to the world. The US$54 billion digital industry of Malaysia is also a great place to begin your career as a big data analyst if you have training from a SAS training institute or Python training center.
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