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As per the market strategy, companies that miss the big data opportunities of today will miss the next frontier of innovation, competition, and productivity. Big Data tools and technologies help companies interpret vast amounts of data rapidly, boosting production efficiency, and fostering the development of data-driven products and services. Thus, big data applications are spearheading a new era across industries, revolutionizing operations and insights. By harnessing these capabilities, organizations can gain a competitive edge, drive strategic decision-making, and adapt swiftly to dynamic market demands, ensuring long-term success and growth.
The below figure shows examples of Big Data applications in different types of industries.
Check out the below video link to learn in detail about the Applications Of Big Data:
https://www.youtube.com/watch?v=28KZDODLWZc ‐ Applications in retail