Who will really benefit from the EU's big data plan?

Who will really benefit from the EU's big data plan?

Link: https://www.wired.co.uk/article/eu-tech-data-industrial

The application of big data in life can help us obtain useful value.

As the application of big data is becoming more and more extensive, and the application industry is getting lower and lower, we can see some novel applications of big data every day, thereby helping people obtain real useful value from it. Many organisations will be affected by the analysis of big data.

1.Business process optimisation

Big data also helps to optimise business processes. It is possible to mine valuable data by using social media data, web search, and weather forecasts. Among them, the most widely used of big data is the optimisation of the supply chain and distribution routes. In these two aspects, echolocation and radio frequency identification track goods and delivery vehicles, and use real-time traffic route data to formulate more optimised routes. The human resources business is also improved through the analysis of big data, which includes the optimisation of talent recruitment.

2.Understand customers and meet customer service needs

The application of big data is now the most widely known in this field. The focus is on how to use big data to better understand customers and their preferences and behaviors. Enterprises are extremely fond of collecting social data, browser logs, dissecting text and sensor data, in order to understand customers more comprehensively. Under normal circumstances, a data model is created for prediction. In addition, through the application of big data, telecommunications companies can better predict the lost customers, Wal-Mart more accurately predicts which products will be sold, the auto insurance industry will understand the needs of customers and driving level, and the government can also understand the voters’ Preferences.

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