It is said that more data has been created in the past two years than in the entire preceding history of mankind. It would be interesting to find out how much of this data has been analyzed and put to good use. Analyzing and harnessing big data is undoubtedly the major challenge of the day for all
With consumer product warranties, companies can back the value behind the goods they sell. The challenge, however, is optimization. It's impossible to know ahead of time if a product is going to fail and generate unforeseen costs. Fortunately, big data can help.