what are the best tools for data analysis

Variety: How the data is formatted (structured versus unstructured).Volume: The collective amount of data from a wide range of sources.It is in contrast with traditional data sets, which are typically more homogenous, simpler, and less valuable.Īt its core, big data is comprised of three concepts known as the Three V’s:

The right tool will provide valuable information and meet your business needs without being too cost-prohibitive.īig data describes the information that businesses use to automate processes, uncover high-level patterns, and innovate products or services. Without it, the data is effectively worthless.Ī recent report from Sigma Computing found that 63% of enterprise employees cannot gather insights from their data in the required timeframe, which means the data is more of a productivity inhibitor than a productivity booster. However, specialized tools and software are required to translate data into actionable insights. In today’s business landscape, data is the key ingredient to long-term growth.

What are the best tools for data analysis