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  • Session 1 Final V1

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    Gowsik G
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    The document discusses trends in data storage, processing, and analytics. It notes that the amount of data that can be stored per unit of cost has increased dramatically from 2000 to 2020, allowing companies to store and process huge amounts of data. It also discusses factors like cloud computing, improved devices, and increased internet penetration that have enabled growth in data and analytics. Finally, it provides an overview of different types of data, analytics, and a popular framework for analytics projects.

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    The document discusses trends in data storage, processing, and analytics. It notes that the amount of data that can be stored per unit of cost has increased dramatically from 2000 to 2020, allowing companies to store and process huge amounts of data. It also discusses factors like cloud computing, improved devices, and increased internet penetration that have enabled growth in data and analytics. Finally, it provides an overview of different types of data, analytics, and a popular framework for analytics projects.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    10 views6 pages

    Session 1 Final V1

    Uploaded by

    Gowsik G
    The document discusses trends in data storage, processing, and analytics. It notes that the amount of data that can be stored per unit of cost has increased dramatically from 2000 to 2020, allowing companies to store and process huge amounts of data. It also discusses factors like cloud computing, improved devices, and increased internet penetration that have enabled growth in data and analytics. Finally, it provides an overview of different types of data, analytics, and a popular framework for analytics projects.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 6

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    Materials, Information, Money


    Why now?
    Data Storage: Data Processing:

    Complementing the advancement and innovation in


    Time Period TB/Cost Data Storage, speed at which data is processed
    2000 19000 increased substantially which enabled the companies
    2010 62 to process the huge amount of data that they have to
    2020 0.2 derive business insights. (740 KHz to 5 GHz)

    Other Factors:

    • Cloud Computing

    • Improvement in Devices

    • Internet Penetration
    The Data Ecosystem
    Structured  Unstructured Semi-Structured

    Characteristics Pre-defined format No pre-defined format Mix of both and has metadata

    Storage RDBMS/Data Warehouse Data Lakes DBMS

    Use Case CRM Analytics Image Analytics Web Analytics


    Example Excel/DBMS Voice Mail/Email/Image JSON/XML

    Reporting & Viz

    Data Acquisition Data Storage Data Processing

    Analytics
    Types of Analytics
    Prescriptive

    Who should I
    Predictive target?

    What will be My
    Diagnostic sales next year?
    Time &
    Complexity Why is My
    Descriptive sales is low?

    What is My sales?

    Value
    CRISP-DM- Framework for Analytics and Visualization

    Most of resource is spent on first three stages

    Only few models reach the deployment stage

    Success probability of an analytics initiative is 0.3

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