Revolution of Data

Data is the fuel in the 21st century

        At present, data has become one of the most powerful tools in the world. Technology has grown into areas such as health, financial, real estate, and manufacturing.

Digital Transformation affects business operations, updating existing processes and operations, and creating new ones to harness the benefits of new technologies. This digital change integrates digital technology into all areas of an organization resulting in fundamental changes to how it operates and delivers value to customers. It is an organizational and cultural change driven by Data Science, and especially Big Data. 

What is Big data? (Wikipedia definition)  

   Big data is a field that treats ways to analyze, systematically extract information from, or otherwise, deal with data sets that are too large or complex to be dealt with by traditional data-processing application software.   

     Big data was started by Google. When Google tried to figure out how they were, when Larry Page and Sergey Brin wanted to, basically, figure out how to solve their page rank algorithm, there was nothing out there.    

      These days all most all the people around the world are using some kind of technological device. They are the sources of data. The availability of vast amounts of data and the competitive advantage that analyzing it brings has triggered digital transformations throughout many industries. Social media provides streams of data. Some of our statisticians think big data is something you can't fit on a thumb drive. 

In this article, I have covered up how the digital transformation, Data helps in various industries such as health, sports, and business operations to grow their fields.

How a company gain a competitive advantage with a Data

Digital transformation is not simply duplicating existing processes in digital form; the in-depth analysis of how the business operates helps organizations discover how to improve their processes and operations and harness the benefits of integrating data science into their workflows. 

Most organizations realize that digital transformation will require fundamental changes to their approach towards data, employees, and customers, and it will affect their organizational culture. Digital transformation impacts every aspect of the organization, so it is handled by decision-makers at the very top levels to ensure success. 

The support of the Chief Executive Officer is crucial to the digital transformation process, as is the support of the Chief Information Officer, and the emerging role of Chief Data Officer. But they also require support from the executives who control budgets, personnel decisions, and day-to-day priorities. 

This is the whole organization process. 

Big Data for Sports       

 

 In 2018, the Houston Rockets, a National Basketball Association, or NBA team, raised their game using Big Data. The Rockets were one of four NBA teams to install a video tracking system that mined raw data from games. They analyzed video tracking data to investigate which plays provided the best opportunities for high scores, and discovered something surprising. Data analysis revealed that the shots that provide the best opportunities for high scores are two-point dunks from inside the two-point zone, and three-point shots from outside the three-point line, not long-range two-point shots from inside it. This discovery entirely changed the way the team approached each game, increasing the number of three-point shots attempted. 

    In the 2017-18 season, the Rockets made more three-point shots than any other team in NBA history, and this was a major reason they won more games than any of their rivals. In basketball, Big Data changed the way teams try to win, transforming the approach to the game. 

Saving Lifes from Data Science

       By providing extra information through data science tools of the most helpful tests and treatments for a specific patient. There are many opportunities to explore other ways to mine data, such as from electronic medical records for different types of medical research.

Schools such as the NorthShore University HealthSystem in suburban Chicago, a leader in the implementation of Electronic Medical Records (EMR) systems, now offer guidance on data mining. It is the first healthcare provider in America to be awarded the highest level of EMR deployment for both inpatient and outpatient care. 

Developing more sophisticated big data analytics capabilities helps healthcare organizations move from basic descriptive analytics towards predictive insights, thanks to data science.

Film Industry   

         Netflix moved from being a postal DVD lending system to one of the world’s foremost video streaming providers. This helps them to boost their customer base and ultimately the profit of the company.

                        

                    As discussed above big data can be used for any field t to enhance the performance. Organizations all around us are changing their very core. This reveals that analyzing raw data gives evolutionary benefits to human beings. 

Reference: - Google Cloud Platform Big Data and Machine Learning Fundamentals (Course offered by Google cloud)