Imagine a world in which one can not retain any data and forgets everything after 24 hours. Do you think such a world would be worth living in? How would people make accurate and wise decisions when they don’t have enough knowledge of a particular subject in their mind?
Therefore, the importance of big data is indisputable. It is important to have enough data to ensure data-driven decisions. But gathering data alone is not enough, we also require tools and software to convert that data into useful information. Because data is useful only when it is easily comprehensible.
The market size of Big data is expected to reach $234.6 billion by the end of 2026. Read more to learn how big data is specifically playing role in Healthcare and Lifesciences.