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Big data may seem like any other buzzword in business, but it’s important to understand how big data benefits a company and how it’s limited.
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Big data may seem like any other buzzword in business. Still, it’s important to understand how big data benefits a company and how it’s limited. If a company uses big data to its advantage, it can be a major boon for them and help them outperform its competitors. Advantages include improved decision making, reduced costs, increased productivity and enhanced customer service. Disadvantages include cybersecurity risks, talent gaps and compliance complications.