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Relevant data has a very big role to play in the success of any business and hence, it is very important to make sure that you have easy access to correct and accurate data. In fact, it has been observed that many companies are actually investing in big data technologies and the ultimate goal behind this is to gain valuable business insights.
Many types of research have been conducted wherein the data was collected from IT leaders as well as executives to check the amount that is spent on the big data technology. The results clearly indicate that a significant amount is being invested in gathering relevant data for further analysis and forecasting. According to a survey in 2017, it has been found that around 95 percent of the Fortune 1000 executives have accepted that they invested in big data technology. In certain cases, the companies spent even more than $100 million on the big data projects.
Big data is something that must be fresh, accurate and updated so as to give maximum returns. Hence, it is of utmost importance to keep oneself informed about the latest big data technologies/trends to reap maximum returns. The good news here is that the technology is an open source and can be easily accessed.
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