Business applications with Big Data technology.

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Today on the ernestvives Blog we are going to talk about applying Big Data technology in business environments .

Some of the business applications of Big Data

They are causing significant improvements in the habits, customs and paradigms of today's society.

Do you want to know which companies control the world economy? Do you need healthy food grown 100 meters from your home?

We are increasingly aware of the importance of data spain phone number list how to transform it into information that helps us make decisions.

Below I will describe three examples that I consider relevant regarding the use of data, either due to the way it is processed or the way it is used.

1. Who controls the world economy?Big Data Business Applications
Through the prestigious Swiss School of Science and Technology ETH Zurich, a study led by James Glattfelder was carried out, processing the data and analysing the corporate links of the main companies worldwide. In total, a database of more than 130,000 companies from 48 countries was managed.

The two main conclusions of the study were as follows:

80% of total revenue is managed by 5-10% of economic actors.
On the other hand, we find that 80% of total control is in the hands of only 0.61% of the shareholders.
This means that thanks to their network connections, the best economic actors manage to control 10 times more resources than would be expected based on their wealth.

Such a high level of concentration is unprecedented in the economy.

2. How to locate people's profiles on a map based on their behavior on social networks?
Big Data Business Applications2b

In the city of Baltimore (Maryland, US) resides the technology entrepreneur David Troy, who through the People Maps project has developed a technology that allows, through data collected from different sources (Twitter, Facebook, LinkedIn, AngelList, email...), a geographic analysis that changes the traditional way of analyzing maps of a city.

Rather than typically thinking of maps of a geographic urban area, these maps are explicitly NOT geographic.

Rather, they show communities and their relationships with each other.

The position of communities in relation to each other in the graphic image is always arbitrary, their relative position to each other is determined by the presence or lack of relations between them.