It’s clear by now robotic process automation has arrived as one of the leading process streamlining technologies in today’s market. But another technological advancement in data processing and storage is also making waves across a variety of industries and presents intriguing possibilities for companies when stacked against RPA. We’re talking about the advent and proliferation of Big Data and its impact on how companies - and even entire industries - gather, analyze, and share reporting and advanced metrics to refine business processes and achieve defined benchmarks or goals.
According to McKinsey, a global leader in management consulting, “the amount of data in our world has [recently] been exploding, and analyzing large data sets—so-called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus...Leaders in every sector will have to grapple with the implications of big data, not just a few data-oriented managers.”
In other words, much like RPA, Big Data is a technological trend that’s becoming significantly transformative across every industry, and in our increasingly digital world, the amount of captured data is expected to grow exponentially in the coming years.Read More