{"id":10004,"date":"2019-04-29T10:13:20","date_gmt":"2019-04-29T10:13:20","guid":{"rendered":"http:\/\/www.esds.co.in\/blog\/?p=10004"},"modified":"2019-06-11T09:42:08","modified_gmt":"2019-06-11T09:42:08","slug":"big-data-challenges-solutions-benefits-smes-smbs","status":"publish","type":"post","link":"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/","title":{"rendered":"Big Data Challenges, Solutions, &#038; Benefits for SMEs\/SMBs"},"content":{"rendered":"<p style=\"text-align: justify;\">Big Data is getting bigger and better each day, and every industry is trying to incorporate it in their processes. To let you understand the meaning and necessity of big data for SMBs\/SMEs, here is some research and its explanation.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#Let_us_go_first_with_Big_Data_Definition\" >Let us go first with Big Data Definition\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#How_big_data_matters_for_SMEsSMBs\" >How big data matters for SMEs\/SMBs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#Three_Challenges_of_SMBsSMEs_for_Unlocking_the_Big_Data\" >Three Challenges of SMBs\/SMEs for Unlocking the Big Data<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#1_Low_Performance\" >1. Low Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#2_Lack_of_Skill\" >2. Lack of Skill<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#3_State-of-the-Art_Infrastructure_at_Low_cost\" >3.\u00a0State-of-the-Art Infrastructure at Low cost<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#Benefits_of_Big_Data_in_Business\" >Benefits of Big Data in Business<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#1_Driving_Better_Decisions\" >1. Driving Better Decisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#2_Stronger_Bonds_with_Customers\" >2. Stronger Bonds with Customers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#3_Deeper_Insights\" >3. Deeper Insights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/#_Final_Thoughts\" >\u00a0Final Thoughts<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h3><span class=\"ez-toc-section\" id=\"Let_us_go_first_with_Big_Data_Definition\"><\/span><strong>Let us go first with Big Data Definition\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">So, what is big data? Big data is a collection of extensive information via all the sources (online &amp; offline), which is non-processable by the traditional methods. The sources can be anything ranging from a document to social media to data from IoT sensors.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10005\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/LikelyImmaterialBat-size_restricted.gif\" alt=\"\" width=\"302\" height=\"252\" \/><\/p>\n<p style=\"text-align: justify;\">From this definition, you could figure out that the information, which offers detailed insights about the marketing campaigns, financial status, &amp; customers. We will now consider, what Big Data implies in small and medium enterprises\/businesses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_big_data_matters_for_SMEsSMBs\"><\/span><strong>How big data matters for SMEs\/SMBs?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Big data shouldn\u2019t have to be an unnerving challenge for small and mid-sized enterprises\/businesses (SMEs\/SMBs). There is no size limit for the businesses to access, store, and explore the big data. A humongous amount of data is continuously pounding via the web, streaming video and audio files, social media, data sensors, and what not? Due to these factors the velocity, volume, and variety of the data structure are rapidly changing. So what does this indicate? This scenario suggests that SMBs\/SMEs can find out new opportunities from the insights and hit the jackpot and encash the value.<\/p>\n<p><a href=\"https:\/\/www.xcelcorp.com\/blog\/wp-content\/uploads\/2017\/06\/Big-Data.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10006 size-full\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/Big-Data.gif\" alt=\"\" width=\"800\" height=\"800\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The big data needs to be harnessed, and it is beyond the capability of traditional databases to store, handle, and process all the data in real-time. Here we need ML (Machine Learning), <strong><a href=\"https:\/\/esds.co.in\/artificial-intelligence\">AI (Artificial Intelligence),<\/a> and <a href=\"https:\/\/esds.co.in\/iot\">IoT (Internet of Things).<\/a><\/strong><\/p>\n<p style=\"text-align: justify;\">If SMBs\/SMEs can manage big data in a better way, then it can help in revealing lots of business patterns, data-focused insights, and correlations. Further, the SMBs\/SMEs can get almost real-time analysis which shall be predictive and prescriptive.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10007\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/VagueGlumHairstreakbutterfly-size_restricted.gif\" alt=\"\" width=\"500\" height=\"288\" \/><\/p>\n<p style=\"text-align: justify;\">The analytics shall be helpful in the decision-making process for the near future. This planning shall prove beneficial to SMBs\/SMEs as they can compete with same-sized companies or even with the larger ones. And, this scenario is approaching way faster than you think. Although, challenges are everywhere and SMBs\/SMEs also face many big data challenges; but, there is also a solution, that can assist in fighting them off.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Three_Challenges_of_SMBsSMEs_for_Unlocking_the_Big_Data\"><\/span><strong>Three Challenges of SMBs\/SMEs for Unlocking the Big Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"1_Low_Performance\"><\/span><strong>1. Low Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: justify;\">The data from legacy systems is a main problem for the SMBs\/SMEs. The slow access to data and time-eating queries from the older systems becomes a significant constraint for all SMEs\/SMBs.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10008\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/source.gif\" alt=\"\" width=\"720\" height=\"720\" \/><\/p>\n<p style=\"text-align: justify;\">If organisations don\u2019t get much of the data due to a limit of time, then there is a risk as incomplete data is of no use. The highest unit of data measure has reached up to Yottabyte, and if they don\u2019t have proper ways to extract such an enormous amount of data, then it will cause a non-repairable loss.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_Lack_of_Skill\"><\/span><strong>2. Lack of Skill<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: justify;\">There is a lack of IT-specialized staff in a lot of sectors and many SMBs\/SMEs face this difficulty too as building a data warehouse becomes a tedious task. Obtaining, organising, and handling the software, hardware, and databases is a frightening task.<\/p>\n<p><a href=\"https:\/\/cdn-payscale.com\/content\/data-packages\/skills\/gifs\/ps-skills-scene03.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10009 size-full\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/ps-skills-scene03.gif\" alt=\"\" width=\"1200\" height=\"661\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Without proper human assets, companies waste time and money in fine-tuning the systems. Those SMBs\/SMEs perform well in the markets which reduce the distance between procurement and production.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_State-of-the-Art_Infrastructure_at_Low_cost\"><\/span>3.\u00a0<strong>State-of-the-Art Infrastructure at Low cost<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: justify;\">Creating space, design, power, and cooling at a low price in the data centre remains a significant challenge.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10010\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/hadoop4.gif\" alt=\"\" width=\"600\" height=\"338\" \/><\/p>\n<p style=\"text-align: justify;\">So, it is a primary challenge for SMBs to leverage the available assets for making data centre. Also, the green data centre is the necessity in today\u2019s era because the emitting the lowest possible amount of carbon footprint is essential for our environment.<\/p>\n<p>These were the challenges, which SMBs\/SMEs need to overcome to harvest the profits from big data.<\/p>\n<p>After the challenges, let us check out the role of big data in your business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Benefits_of_Big_Data_in_Business\"><\/span><strong>Benefits of Big Data in Business <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"1_Driving_Better_Decisions\"><\/span><strong>1. Driving Better Decisions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: justify;\">Big data can help SMBs\/SMEs drive better decisions. With perfect big data solutions around, you can get in-depth analysis and hence, the results.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10011\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/Big_data_Gif.gif\" alt=\"\" width=\"625\" height=\"381\" \/><\/p>\n<p><strong>You can get analytics about your website like<\/strong><\/p>\n<ul>\n<li>What do people want from your website?<\/li>\n<li>Number of visitors on your website<\/li>\n<li>The area of your visitors<\/li>\n<li>From where you are getting the traffic?<\/li>\n<li>What people like the most?<\/li>\n<li>Which pages are generating less traffic and which are generating more?<\/li>\n<li>Besides this, you are also getting vital demographics regarding your customers which can be very helpful when encashed properly and drive better decisions.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10012\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/source-1.gif\" alt=\"\" width=\"800\" height=\"600\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_Stronger_Bonds_with_Customers\"><\/span><strong>2. Stronger Bonds with Customers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: justify;\">As businesses start making better decisions due to understanding customer interests, they can create stronger bonds with customers based on the stats. The tools can give businesses varied analytics that helps them in engaging customers and gravitating towards their brands. You can create customer-specific personalised offers and extra-effective campaigns. Thus, customer relationships can improve and create significant value for businesses.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_Deeper_Insights\"><\/span><strong>3. Deeper Insights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: justify;\">The insights from big data get deeper, and they help SMBs\/SMEs to have a clear viewpoint about their businesses.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10013\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/rich-customer-insights.gif\" alt=\"\" width=\"800\" height=\"600\" \/><\/p>\n<p style=\"text-align: justify;\">This information leads to reductions in time and cost while improvement in efficacy and in customer service. Companies can conduct various surveys and study profitable insights regarding their brands, customers, employees, and product on a single platform.\u00a0 Such insights again help in up-selling and cross-selling the products and services, thus, generating higher revenues.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"_Final_Thoughts\"><\/span><strong>\u00a0<\/strong><strong>Final Thoughts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p style=\"text-align: justify;\">Concluding, we can say that there are various advantages of <a href=\"https:\/\/www.esds.co.in\/blog\/big-data-competitive-weapon-organisations\/\"><strong>big data<\/strong><\/a> in businesses, be it SMBs\/ SMEs or large-scaled ones. Doing enterprises are becoming more and more customer-centric, so engaging them, giving them offers, and treating them on a personal level is essential.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10014\" src=\"https:\/\/www.esds.co.in\/blog\/wp-content\/uploads\/2019\/04\/customer-retention-seo.gif\" alt=\"\" width=\"1024\" height=\"637\" \/><\/p>\n<p style=\"text-align: justify;\">Incorporating big data techniques and analysis in your daily business life is ultra-essential if you take over the rivals. Choose a wise big data solution for your business, now!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big Data is getting bigger and better each day, and every industry is trying to incorporate it in their processes. To let you understand the meaning and necessity of big data for SMBs\/SMEs, here is some research and its explanation. Let us go first with Big Data Definition\u00a0 So, what is big data? Big data&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/www.esds.co.in\/blog\/big-data-challenges-solutions-benefits-smes-smbs\/\" class=\"gdlr-button small excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":57,"featured_media":10020,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[744],"tags":[745,746,1903,1901,784,1381,748,1902,1345,1813,1325,661,149,1588,1905,1904,747],"class_list":["post-10004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-big-data","tag-big-data-2","tag-big-data-advantages","tag-big-data-benifits","tag-big-data-challenges","tag-big-data-disadvantages","tag-big-data-in-healthcare","tag-big-data-security","tag-big-data-solutions","tag-cloud-computing","tag-cloud-of-india","tag-emagic","tag-enlight-cloud","tag-esds","tag-mtvscan","tag-smbs","tag-smes","tag-what-is-big-data"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/10004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/comments?post=10004"}],"version-history":[{"count":6,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/10004\/revisions"}],"predecessor-version":[{"id":10457,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/posts\/10004\/revisions\/10457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media\/10020"}],"wp:attachment":[{"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/media?parent=10004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/categories?post=10004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esds.co.in\/blog\/wp-json\/wp\/v2\/tags?post=10004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}