Big data refers to large volumes of structured and unstructured data that is difficult to process using traditional data processing applications. It is characterized by high volume, velocity, and variety. Examples include Walmart processing over 1 million customer transactions per hour and Facebook handling 40 billion photos. Data analytics examines raw data to draw conclusions. Big data is important because analyzing it can lead to cost reductions, time reductions, new product development, and better decision making. Sources of big data include streaming data from connected devices, social media data, and publicly available open data sources. The benefits of big data analytics include gaining more complete answers and more confidence in solutions to problems.
Big data refers to large volumes of structured and unstructured data that is difficult to process using traditional data processing applications. It is characterized by high volume, velocity, and variety. Examples include Walmart processing over 1 million customer transactions per hour and Facebook handling 40 billion photos. Data analytics examines raw data to draw conclusions. Big data is important because analyzing it can lead to cost reductions, time reductions, new product development, and better decision making. Sources of big data include streaming data from connected devices, social media data, and publicly available open data sources. The benefits of big data analytics include gaining more complete answers and more confidence in solutions to problems.
Big data refers to large volumes of structured and unstructured data that is difficult to process using traditional data processing applications. It is characterized by high volume, velocity, and variety. Examples include Walmart processing over 1 million customer transactions per hour and Facebook handling 40 billion photos. Data analytics examines raw data to draw conclusions. Big data is important because analyzing it can lead to cost reductions, time reductions, new product development, and better decision making. Sources of big data include streaming data from connected devices, social media data, and publicly available open data sources. The benefits of big data analytics include gaining more complete answers and more confidence in solutions to problems.
• Big data is a term that describes the large volume of
data – both structured and unstructured – that inundates a business on a day-to-day basis. • ‘Big Data’ is similar to ‘small data’, but bigger in size • It cannot be processed effectively with the traditional applications that exist. The processing of Big Data begins with the raw data that isn’t aggregated and is most often impossible to store in the memory of a single computer. Examples of Big Data • Walmart handles more than 1 million customer transactions every hour. • Facebook handles 40 billion photos from its user base. • Decoding the human genome originally took 10years to process; now it can be achieved in one week. Data Analytics
• Data Analytics: Data Analytics the science of
examining raw data with the purpose of drawing conclusions about that information. Characteristics Volume
The amount of data matters. With big data, you’ll have
to process high volumes of low-density, unstructured data. This can be data of unknown value, such as Twitter data feeds, clickstreams on a webpage or a mobile app, or sensor-enabled equipment. For some organizations, this might be tens of terabytes of data. For others, it may be hundreds of petabytes. Velocity
• Velocity is the fast rate at which data is received and
(perhaps) acted on. Normally, the highest velocity of data streams directly into memory versus being written to disk. Some internet-enabled smart products operate in real time or near real time and will require real-time evaluation and action. Variety
• Variety refers to the many types of data that are
available. Traditional data types were structured and fit neatly in a relational database. With the rise of big data, data comes in new unstructured data types. Unstructured and semistructured data types, such as text, audio, and video require additional preprocessing to derive meaning and support metadata. Why Is Big Data Important? • The importance of big data doesn’t revolve around how much data you have, but what you do with it. You can take data from any source and analyze it to find answers that enable 1) cost reductions, 2) time reductions, 3) new product development and optimized offerings, and 4) smart decision making. Sources for Big Data
Streaming data Social media data Publicly available
sources • This category includes data • The data on social interactions is • Massive amounts of data are that reaches your IT an increasingly attractive set of available through open data systems from a web of information, particularly for sources like the US connected devices. You can marketing, sales and support government’s data.gov, the CIA analyze this data as it arrives and make decisions functions. It's often in World Factbook or the European on what data to keep, what unstructured or semistructured Union Open Data Portal. not to keep and what forms, so it poses a unique requires further analysis. challenge when it comes to consumption and analysis. Application of Big Data Benefits of Big Data and Data Analytics: • Big data makes it possible for you to gain more complete answers because you have more information. • More complete answers mean more confidence in the data—which means a completely different approach to tackling problems. Video for Big Data