What are the main benefits of this technology?
BD is simply defined as the large amount of structured and unstructured information that an organization, company, or business receives each day from both its personal information and users’ information. Until the data has been analyzed, BD data isn’t important for any organization.
In the mid-1990s, the term “BD” was used to refer to an increase in data volumes. Doug Laney, an analyst at Consultancy Media Group Inc., expanded the meaning of BD in 2001. He noted that BD could also refer to an increase in velocity and variety in data created and used by organizations. The 3Vs of BD were born.
Many BD experts have over the years added complexity and variability to the 3Vs to enhance the dimensions of BD. Recent trends have seen a significant increase in BD use as more companies embrace it for its many benefits. A number of first-rate software and analytics systems have been created to make it easier for companies to generate and analyze data. To reap the benefits of BD, it is important to have the support of data scientists, statisticians and predictive modelers, as well as other professionals who work with it.
Here are some of the benefits of BD:
- Analyse of increasing amounts of structured data in an organization to expose business aspects not being used currently
- Assisting businesses to make informed business decisions
- Increase revenue for a company by offering more opportunities
- More opportunities for more efficient and result-oriented marketing strategies
- Customer service can be improved by understanding the needs and behaviors of customers.
- Operational efficiency can be improved
- An organization that offers a competitive edge over its major competitors
Cubaaz Platform: The Use of BD
What are the benefits of BD for all industries? How can Cubaaz use BD to revolutionize tourism and hospitality?
Cubaaz can scan many bytes of customer information during their activities on Cubaaz. This allows BD to use data to gain valuable information that will be used to its advantage. Cubaaz receives real-time information about users and their activities in the tourism and hospitality industries. It also provides details about their tastes and needs.
Cubaaz is able to monitor the supply and demand in the travel industry, thereby providing better services for its customers. Cubaaz has the necessary information to provide the services that clients require. Now that you understand the essence of BD, it is clear why Cubaaz is at the forefront of the travel industry in order to satisfy consumers.
Investors have been committing their hard-earned cash to Cubaaz since the ICO of Cubaaz began on February 5, 2018. They expect the platform to grow tremendously in the future. The platform is a unique opportunity for investors that you can invest in today.