The extreme cost of healthcare in the U.S. can be reduced with the adoption of electronic patient medical records. Many companies are searching way out to explore through large volumes of clinical data on medication, allergies and procedure data that is often saved by different practitioners in different formats. Apixio, a company based in San Mateo, California, makes a platform that streamlines patient records across disparate types of data to offer a search able database for providers.
Phone calls, texts, apps, the surge of data generated by mobile devices had created data management problems for service providers. These service providers rely largely on the analysis of this data to provide better customer service and to build on retention and loyalty. To manage this large Big Data a company Infobright, based in Toronto came in action which compresses mobile data for telecom companies at a 10:1 ratio resulting in less storage space and faster, real-time analytics.
Most retailers already store point-of-sale data from customer transactions but McKinsey & Company, a management-consulting firm, estimates that a retailer using big data analytics to its fullest potential could increase its operating margin by more than 60 percent. A California based Nearbuy Systems offers an in-store guest WiFi platform that allows retailers to view which websites shoppers view before making a purchase then analyze that data across multiple store locations.
Social Media Activity
Big companies are desperate to capture millions of tweets, Facebook posts, YouTube videos, and Tumblr pages that mention their product or service. Gnip, a company based in Colorado has found a niche market. Gnip collects and manages public high-volume streams from multiple social media platforms, including Facebook, Twitter, Tumblr, Wordpress, and StumbleUpon. The company also offers its customers a searchable 30-day full historical database of Twitter.
Big companies are desperate to capture millions of tweets, Facebook posts, YouTube videos, and Tumblr pages that mention their product or service. Gnip, a company based in Colorado has found a niche market. Gnip collects and manages public high-volume streams from multiple social media platforms, including Facebook, Twitter, Tumblr, Wordpress, and StumbleUpon. The company also offers its customers a searchable 30-day full historical database of Twitter.
Financial Data
Banks and investment firms assess massive amounts of data to stay ahead of the competition. In 2011 trading volume grew to 4.55 billion which is up by 17 percent from 2010. The American Banker's Association reports that there are 10,000 credit card transactions every second around the world. Datameer a company based in San Mateo, Calif provides an analytics platform that helps banks mine large volumes of customer data, such as spending behavior and other demographics, to improve their products and marketing campaigns.
Banks and investment firms assess massive amounts of data to stay ahead of the competition. In 2011 trading volume grew to 4.55 billion which is up by 17 percent from 2010. The American Banker's Association reports that there are 10,000 credit card transactions every second around the world. Datameer a company based in San Mateo, Calif provides an analytics platform that helps banks mine large volumes of customer data, such as spending behavior and other demographics, to improve their products and marketing campaigns.