Big Data refers to large complex data which is generated from IoT devices, sensors, websites, etc. With this come many formats of data making it difficult to capture, store, analyse and convert the data into readable formats. This will provide insights to help businesses make real time decisions, predict any failures and detect possible cyber violations.
The biggest challenges facing R&D is having data that is consistent, reliable, and well linked. The ability to manage and integrate data generated at all stages of the value chain, from discovery to real-world use after regulatory approval, is a fundamental requirement to allow companies to derive maximum benefit from the technology trends.
