Effectively evaluate and exploit the unimagined potential.
3D Data Mining - an exciting journey through the ever-growing flood of data.
Go on knowledge discovery in your data stock.
This explorer, this adventurer, and this greed for knowledge are still in us today. Except that the world is now growing by the minute.
Google states that the volume of data is growing at 2.5 exabytes (2.6 million terabytes) per day.
How do we keep this knowledge ready for retrieval, who draws the necessary knowledge from it? And how?
Data mining is one of the methods we will now take a closer look at.
"We are drowning in information, but starving for knowledge", which means "we are drowning in data but thirsting for knowledge", wrote John Naisbitt back in 1982. This old quote has lost none of its meaning today - on the contrary. Data volumes are increasing exponentially in companies today.
IBM assumes that the amount of information available worldwide doubles every 20 months. So sooner or later, companies will be confronted with the issue of handling large volumes of data. However, it is not the storage of large amounts of data that is crucial. Rather, it is about easily recognizing important information and interrelationships and deriving a benefit from the diversity of data, as you can read in our free whitepaper.
But what does this mean for medium-sized companies from the plant and mechanical engineering sectors, the automotive sector, and suppliers? The studies and surveys clearly show that companies have a lot of untapped potential in their own data. These do not necessarily have to be large companies from the IT sector. Medium-sized companies can also benefit from these processes to ultimately expand their competitive advantage. The decisive criterion here is what insight can be gained from the data volumes that would otherwise require significantly more effort or would not be gained at all.
Learn more about the possibilities & solutions offered by 3D data mining software in our free whitepaper.