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Big Data
Big Data
Analytics
Dr.BABASAHEB AMBEDKAR TECHNOLIGICAL UNIVERSITY,
LONERE.
PRESENTED BY:
Ø Variability:
Data variability also known as spread or dispersion, refers to how spread out a set
of data is.
Big Data Analytics:
• Reducing cost. Big data technologies like cloud-based analytics can significantly reduce costs when it comes
to storing large amounts of data (for example, a data lake). Plus, big data analytics helps organisations find more
efficient ways of doing business.
• Making faster, better decisions. The speed of in-memory analytics – combined with the ability to analyse
new sources of data, such as streaming data from IoT – helps businesses analyse information immediately and
make fast, informed decisions.
• Developing and marketing new products and services . Being able to gauge customer needs and
customer satisfaction through analytics empowers businesses to give customers what they want, when they want
it. With big data analytics, more companies have an opportunity to develop innovative new products to meet
customers’ changing needs.
Big Data in Real World:
RISK
OF
BIG
DATA
Impact on IT:
The rapid advancement of Big Data
technology has had a profound impact on
the IT industry, and it is essential for
organizations to understand the
implications of this technology and
prepare for the changes that it will bring.
By investing in data storage solutions,
analytics tools, and security measures,
organizations can ensure that their data is
securely stored, properly analyzed, and
effectively used to improve their
operations.
Conclusion: