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A company can take advantage of Big Data in building its business. You can use a huge amount of data to increase your business efficiency. This article will discuss the steps that you can use to build a Big Data industry. First Step: Assess your business You need to identify the following areas in your business: Find out the availability of data in your business and the industry as a whole. Find out the realities of your industry Study the services that technology providers are offering in your industry. For example, the real estate appraisal business uses Big Data intensively. It uses the records of CAD or county appraisal district to check real estate properties. This business also uses MLS or Multiple Listing Service for information about sales. It also uses census tract and flood maps. Any appraisal business can find all these sources in the Cloud. You can view them online. Second Step: Start a new method of using cloud-based technologies and applications. Star...

In most states of the United States, house owners receive an appraisal notice from tax assessors and appraisal districts. This notice includes the new value of their home based on the calculations of these authorities. However, it’s shocking to see that some houses get an increase over 50% in just a year. What’s even more shocking is that they get these increases even though they haven’t added anything new – yet alone major constructions. They also haven’t received any visits from any tax assessors. So, how is this possible? CALCULATING HOME VALUE Normally, these home values are estimates most especially when no tax assessor has come up to your property to collect data. They often use collected data from before and then use various methods to  calculate  your current home value. VISITATIONS Several factors go into assessing a home such as the following: Square footage Lot size Location of property Age of house Style of home In a proper appraisal, a t...