Hey it’s Cryptomoonie and I have a new article here about The Banyan Network. After doing research on issues facing the big data industry, I was able to understand why the banyan network and its DVN is so revolutionary. I feel lucky to be an ambassador for this company and my goal is to help the general public understand the mission and value of the Banyan Network.

 

So please take a few minutes and read through the article. You won’t regret it.

Issue #1: Synchronizing data from all over the place. Right now companies are having issues with large amounts of data that aren’t being incorporated into an analytical tool. This leads to big gaps and wrong interpretation of data.

 

The Banyan Network how ever has the DVN. The first step in the DVN is the gateway where data arrives. 8 super sources have already been plugged in to the DVN. The data is cleansed, tagged, I-D mapped and fused. Here’s a link to learn more about the data that was imported.

Issue #2: A lack of data scientists that can understand the information that’s scrambled out there.

 

Thanks to the DVN, the data is packaged into a neat and easy to read source of information. There is a huge amount of big data being produced every day. And every time data is imported into the revolutionary tech of the DVN, it goes through a rigorous process of cleansing and matching.

Issue #3: The constant creation of data and data management, it’s very important to make the information easily assessable and convenient for companies. If you’ve been paying attention.

This is exactly what’s being solved in the data fusion value chain network. There has been a great interest into the Banyan networks services from fintech companies for this exact reason “make the information easily assessable”. The Banyan Network acquired their first client not too long ago.

 

Here’s a link to learn more about the first paying customer: https://medium.com/banyannetwork/first-paying-customer-continued-8e33331db481

Issue #4: Many companies face issues when trying to match large amounts of data in data lakes. But the DVN has proven successful in doing just that. It could be for many reasons, the DVN tech, the use of blockchain technology, or the strong leader ship of the banyan network, David Zhou. Or even the fact that the Banyan Network has a product, unlike 99% of blockchain companies out there.

Privacy and security, having large amounts of information can mean it’s easy for data to be exposed. The article that brought this up says that data tools could create disparate sources but in the DVN the data is imported into a secure data base. Let’s not forget they also follow the GDPR rules of privacy protection.

To learn more about the problems facing the big data industry just visit the article I read to help me write this one https://elearningindustry.com/big-data-analytics-challenges-faced-business-enterprises-7-top

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