Many sectors are harnessing the power of Big DATA. However, the top 3 domains as per the market understanding that can and are utilizing the power of Big Data are :

1. Financial institutions
2. Manufacturing
3. Healthcare

These are followed by energy and utilities, media and entertainment, government, logistics, telecom and many more. How Big Data offers value addition to different enterprises can be seen as follows.

Financial Institutions:

Big Data Insights has the potential to drive innovation in the Financial Sector.

There are certain challenges that financial institutions have to deal with. Some of these challenges are as follows:

1. Fraudulent transactions
2. Trade visibility
3. Archival of audit trails
4. Card-fraud detection
5. Reporting of enterprise credit-risk
6. Transformation of customer data
7. Trade analytics
8. Regulations and compliance analytics etc.

Big Data can provide better solutions to deal with such issues. There are Big Data solution providers that cater specifically to the financial sector. Some of the Big Players are:

Panopticon Software, Nice Actimize, Streambase Systems, Quartet FS, etc.

Manufacturing:

Manufacturing Industry is ANOTHER biggest user of Big Data. In the manufacturing industry, a lot of data is generated continuously. There are enormous BENEFITS we get, by utilizing Big Data in the Manufacturing sector.

Some of the major use CASES are:

1. Supply chain planning
2. Defects tracking
3. Product quality improvement
4. Output forecasting
5. Simulation and Testing of new methods
6. Increasing energy efficiency
7. Enhanced Manufacturing
8. Tracking daily production
9. Predicting equipment failure etc.

Healthcare:

The volume of data that is being generated in healthcare systems is very large. Previously due to a lack of consolidated and standardized data, the healthcare sector was not able to process and analyse this data. Now, by leveraging Big Data, the Healthcare sector is gaining various benefits such as Better disease Prediction, Enhanced Treatment, Reduced Costs, Increased Patients CARE, etc.

Some of the major Big Data Solution Providers in the Healthcare industry are:

1. Humedica
2. Recombinant Data
3. Cerner
4. Explorys etc.