Types Of big Data Analytics And Their Advantages

1. Types Of big Data Analytics And Their Advantages

2. The concept of big data revolves around a set of characteristics often referred to as the "three Vs": variety, volume, and velocity. Essentially, big data represents extensive and intricate datasets, particularly sourced from emerging data channels. These datasets are so massive that conventional data processing tools are inadequate for handling them. Nevertheless, these substantial data volumes open up the potential to address business challenges that were previously beyond reach. Organizations are constantly seeking ways to gain insights and make informed decisions, and Big Data Analytics has emerged as a game-changer, Tangenz, a leading IT System Integrators company, recognizes the significance of harnessing data for Oracle Cloud, Oracle OBIEE, and other Oracle solutions. Here are some various types of big data analytics and their advantages for businesses, with a special focus on Tangenz's expertise in Oracle's suite of cloud offerings.

3. 1. Descriptive Analytics: Descriptive analytics is the foundation of data analysis. It involves summarizing historical data to provide insights into past events. Tangenz leverages Oracle OBIEE, a robust Business Intelligence tool, to help organizations gain a clear understanding of their past performance, trends, and anomalies in areas like Supply Chain Management and Human Capital Management. This knowledge helps businesses make data-driven decisions and optimize their operations. Advantages: - Tangenz's expertise in Oracle OBIEE ensures accurate and visually appealing reports and dashboards. - Improved visibility into supply chain operations for better decision-making. - Enhancing Human Capital Management through data-driven HR strategies.

4. 2. Predictive Analytics: Predictive analytics leverage historical data to make informed predictions about future events. Tangenz excels at implementing Oracle Cloud solutions like Oracle Fusion Cloud and Oracle Analytics to empower businesses with predictive analytics capabilities. These tools enable organizations to anticipate market trends, demand, and potential issues in real time. Advantages: - Tangenz IT System Integrators ensure seamless integration of Oracle Fusion Cloud. - Increased accuracy in demand forecasting and inventory management. - Enhanced decision-making in areas such as marketing and sales. 3. Prescriptive Analytics: Prescriptive analytics goes a step further by recommending actions to optimize outcomes. Tangenz specializes in Oracle Cloud HCM, Oracle Integrated Cloud, and Oracle Cloud EPM to deliver prescriptive analytics solutions. This helps businesses make data-driven decisions to improve productivity, reduce costs, and enhance overall efficiency.

5. Real-time analytics, powered by Oracle Analytics and PeopleSoft ERP, provide instant insights into data as it is generated. Tangenz's expertise in Oracle's real-time solutions enables businesses to monitor and react to changing conditions promptly. Advantages: - Tangenz's implementation of real-time solutions ensures up-to-the-minute data availability. - Improved decision-making in dynamic environments. - Enhanced agility in responding to market changes. Conclusion: Tangenz, as a leading IT System Integrators company, stands at the forefront of delivering Big Data Analytics solutions, especially within the Oracle Cloud ecosystem. With a wide range of tools and expertise in Oracle Cloud, Oracle OBIEE, and other Oracle solutions, Tangenz empowers businesses to extract meaningful insights from their data. By leveraging various types of Big Data Analytics, organizations can make informed decisions, drive innovation, and achieve a competitive edge in the market. If you're ready to harness the power of Big Data Analytics for your business, Tangenz is your trusted partner. Contact us today to explore how our expertise can transform your data into a valuable asset. https://tangenz.com/