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Since the awareness of the availability of Big Data hit the business world in the early 2000s, more and more organisations have switched to data-driven approaches to everything from hiring to product development. A recent Deloitte survey reveals that 62 percent of businesses already use analytics as a driver for strategic decisions, and the reason is obvious–Businesses that effectively leverage the data they collect outperform the competition. But, Gartner predicts that up to 60 percent of big data projects won’t make it into implementation. That means that understanding the need for analytics isn’t enough. You need to be able to collect data and put it to work, effectively. Bringing big data analytics to blockchain technologies offers serious benefits to both platforms and may be the solution to abandoned data projects.
Decentralizing Databases for Better Big Data
Data quality is a big part of the problem when using analytics to drive decision making. A few errors can mean major problems down the road. In centralised systems, all of the data is stored on your network, but what happens when you need to scale? The introduction of the cloud computing delayed the data roadblock, making it easier to scale, but creating a new series …
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