Crowd Sourcing Data Analysis – What’s With Big Data?
Do you know that crowd sourcing data analysis can unlock doors to bigger opportunities? Is it for that alone? Will it benefit as well humane matters? Well, the best thing to do is to find out if both can benefit from it.
Businesses are often faced with big data. These can be things that may help a business grow. But then the question is… how can its values be mined? After all, it is what is needed to understand how to make a business grow to the fullest possible chance.
This is the part where crowd sourcing data analysis plays a big role. With the crowd being able to crack these data will in turn mean finding solutions. It may be solutions to the problems faced by the business. Or, it may pave the way for improvements. Both of which can help a business grow.
There are several ways as to how crowd sourcing data analysis opens bigger and better business opportunities. How?
A big data can be a key to an improve productivity. But for it to be so, it must first be structured. Its values must be mined. This is to understand what it brings. Results from crowd sourcing data analysis can pave way to finding solutions on how to improve productivity.
But it is not only that. Crowd sourcing data analysis can help businesses find solutions. These are solutions on how to level up the business. Or, it may be solutions to present or future problems.
As crowd sourcing data analysis allows such chances, it can make a business to grow more competitive. It may be for local or global competition. This however will depend on the found solutions. Where such would depend on the effort exerted in crowd sourcing data analysis.
How Does Crowd Sourcing Data Analysis Works For Business?
The data comprises of customer driven information are collected. Its values will then be mined. Values may come in different forms. It may be in the forms of patterns and facts. These forms are used to predict things. Doing so allows results to be measured.
With that solutions to problems can then be sought. Doing so, allows the chance for businesses to refine its goals. If not, bring the business to become result driven. And at the same time make it consumer based.
Bringing the business in such makes a business more tune in to its market consumers. A crowd sourcing data analysis makes a business understand its market more. And in turn, the market patronizes more the business.
Is Crowd Sourcing Data Analysis For Humanitarian Matters Too?
It was said that there were more or less 20 million tweets during hurricane Sandy. The tweets represented the crowd sourced data. In the Japan earthquake it was said that there were 18 million tweets. And in the typhoon Pablo in the Philippines its citizens were instructed on the hash tags to use in the event of crisis/emergency.
But then the problem is that… the volume, variety of information as well as the rate by which all these data comes in were so overwhelming. Getting the values of these real time data is one challenge for crowd sourcing data analysis. So, do you think such is for humanitarian matters too? Well, let’s find out.
The UN-OCHA or the Office for the Coordination of Humanitarian Affairs as well as Digital Humanitarian Network were on close watch on the crowd source data coming in. They analyzed the tweets that came in during the first two days.
The microtasking platform named “Pybossa” had been called in to analyze more than twenty thousand tweets that came with videos as well. The results of such were collected by the UN Humanitarian Affairs. The value gotten from all the crowd sourced data paved way to the creation of crisis mapping.
So therefore, crowd sourcing data analysis is for humanitarian matters as well. The UN had proven that.
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