Twitter
is going through a rough phase in recent times and the company is trying hard
to keep up with the market pace and come back strong. Hence, the company is
trying its best to come up with new strategies that help in boosting their
business mechanism. Therefore, in order to achieve its objective, Twitter hasplanned to collaborate with IBM to assist them in making better decisions for
their business by analyzing the data collected by the company of tweets on a
worldwide scale.
This
is a very unlikely partnership between Twitter and IBM. According to B2C, they
believe that this deal will revolutionize business intelligence. But “they seem
like an unlikely pair, the team could end up being quite natural, as IBM’s vast
processing power and far-reaching and extensive business and enterprise
connections are a perfect complement to Twitters huge stores of data, the huge
majority of which are sitting in data centers across the country, more or less
unanalyzed.”
However
despite of being a very unlikely pair in the market which signed a
collaboration deal out of the blue to improve business intelligence, it is
believed that together these companies will benefit small businesses and
executives in growth companies as their services will turn out to be critically
important and crucial.
The
impact of the announcements that have been made can be extremely outrageous as
well can restructure the existing paradigms. Chris Moody who is an executive at
Twitter was extremely content with how this deal has progressed and with sheer
enthusiasm claimed that the future of this application is "nearly
limitless". He also made predictions that in the years to come “Every
significant business decision will have Twitter input.”
According
to the deal between both parties, IBM will gain full and unrestricted real time
access to all public tweets, as well as and archives of past public tweets. For
example, through the analysis of Twitter scientists will be able to learn more
about different information in detail such as how widely earthquakes are felt. The
term “real time access” means that data and information from Twitter has been
used for these purposes before, they were all based on analysis of historic
tweets, not real-time data. Hence it will help more to provide information on big
radar.
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