Which of the following is a benefit of big data?

The benefit of big data lies in its capacity to drive innovation by significantly reducing the time it takes to answer key business questions. Businesses leverage big data analytics to gather and analyze vast amounts of information quickly, allowing them to make informed decisions faster than ever before. This agility can lead to enhanced responsiveness to market changes, improved customer insights, and timely adaptations to new trends or challenges.

Leveraging big data can also streamline processes, enhance operational efficiencies, and foster innovative strategies that may not have been possible with traditional data management methods. Thus, organizations that harness big data can better capitalize on opportunities, differentiate themselves in the market, and sustain a competitive edge through informed decision-making. This is particularly crucial in fast-paced industries where timely insights can mean the difference between success and failure.