Big Data
Big Data
Big Data
Analytics
contents
1.What is big data?
2.Characteristic of Big Data
3.Big Data Analytics, tools and its phases
5.Importance of Big Data
6.Big Data in real world 1
7.Risk of Big Data
8.Impact on IT
9.Future of Big Data
What is Big Data ??
➢ Big Data is also data but with a huge size. Big Data is a
term used to describe a collection of data that is huge in
volume and yet growing exponentially with time. In short
such data is so large and complex that none of the
traditional data management tools are able to store it or
process it efficiently
➢Variety:
Variety refers to structured, semi-structured and unstructured data.Data in the form of
emails,photos, videos, audio, PDFs, devices and more poses aserious challenge for storage,
mining and analysis.
➢ Velocity:
Big data velocity deals with the speed at the data flows from sources
like application logs, business processes, networks, and social media sites,
sensors, mobile devices, etc. Velocity means “How fast produce Data”..
➢ Veracity:
Veracity means how much the data is reliable. It has many ways to
filter or translate the data. Veracity is the process of being able to
handle and manage data efficiently. Big Data is also essential in
business development.
For example, Facebook posts with hashtags.
➢ Variability:
Data variability also known as spread or dispersion, refers to how
spread out a set of data is. Variability gives users a way to describe
how much data sets vary and allows users to use statistics to
compare their data to other sets of data.
➢ 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.