Data gives companies deeper insights and the ability to adapt products and services to meet and exceed the expectations of their customers. Data is used to open up possibilities for new revenue sources and better operational efficiency.
At the heart of measuring big data are the 4Vs: volume, variety, velocity, and veracity.
Let's explore them further.
Volume
Amount of data being collected
Variety
Different types of data
Velocity
How quickly new data becomes available
Veracity
Trustworthiness of the data
Each Panasonic-equipped aircraft has seen an average of 4.5+ million interactions with the IFE system in the past year. This represents every click, every movie selected, every audio track played, and every page viewed, among others. We use this data to help airlines provide the most relevant and desired onboard offerings to their passengers.
Sources: Pew Research Center, Mobile Industry Eye, Social Media Today, Media Kix, Brandwatch, Panasonic Avionics, eMarketer, Investopedia, We Are Social, Inside Big Data, anodot, Edelman.
