Why Big Data Offers a Million Little Opportunities to Increase Business Productivity

Mark Bickford

Every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone, according to IBM. This massive accumulation of information is commonly referred to as Big Data.  Predictive analytics or other advanced methods are used to extract value from Big Data that has the potential to help organizations make faster, more intelligent decisions.  And better decisions can mean greater operational efficiency, cost reductions and reduced risk.

Organizations today have an unprecedented ability to capture data about both their facilities and their workforce’s activities. However, while facility management (FM) professionals hear a great deal about smart buildings and how Big Data supports facilities management, there seems to be far less attention being paid to smart behaviors and almost nothing to smart management.

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