Big Data and Data Analysis: Offurum Paschal I Kunoch Education and Training College, Owerri
Big Data and Data Analysis: Offurum Paschal I Kunoch Education and Training College, Owerri
Big Data and Data Analysis: Offurum Paschal I Kunoch Education and Training College, Owerri
Analysis
Offurum Paschal I
Kunoch Education and Training College, Owerri
(Former NIIT Owerri)
July, 2021
At Kunoch College, we offers a wide variety of training programs.
Plus
In Big Data, Variability can also refer to the inconsistent speed at which
big data is loaded into your database.
#5: Veracity
• Data veracity, in general, is how
accurate or truthful a data set
may be.
• In the context of big data, it’s not
just the quality of the data itself
but how trustworthy the data
source, type, and processing of
it is.
Google image
#6: Validity
• Similar to veracity, validity refers to how accurate and correct the data
is for its intended use.
• It is used to describe whether data satisfies user-defined
conditions or falls within a user-defined range.
#7: Vulnerability
• Big data brings new security concerns. After all, a data breach with big
data is a big breach.
• With the increasing size of people’s personal data, they have
started feeling that it is being used to pry into their behavior to
sell them things by different commercial websites.
#8: Volatility
• How old does your data need to be before it is considered irrelevant,
historic, or not useful any longer? How long does data need to be
kept for?
• Before big data, organizations tended to store data indefinitely
• In this world of real time data you need to determine at what point is
data no longer relevant to the current analysis.
#9: Visualization
• Current big data visualization tools face technical challenges due to
limitations of in-memory technology and poor scalability, functionality, and
response time.
#10: Value
The other characteristics of big data are meaningless if you don't derive
business value from the data.
Marketing departments can use this software to identify emerging customer bases.
Financial and insurance companies can build risk-assessment and fraud outlooks to
safeguard their profitability.
Manufacturing and retail firms can use it to predict fluctuations in demand or how specific
process changes might affect their supply chains.
Data is analyzed: Machine learning
Machine learning, which taps algorithms to analyze large data sets
Machine learning is a branch of artificial intelligence (AI) and computer science which
focuses on the use of data and algorithms to imitate the way that humans learn, gradually
improving its accuracy.
Subsequently driving decision making within applications and businesses, ideally impacting
key growth metrics.
Data is analyzed: Deep Learning
Deep learning, which is a more advanced offshoot of machine learning
Deep learning can be considered as a subset of machine learning. It is a field that is
based on learning and improving on its own by examining computer algorithms. While
machine learning uses simpler concepts, deep learning works with artificial neural
networks, which are designed to imitate how humans think and learn.
For example, in image processing, lower layers may identify edges, while higher layers may
identify the concepts relevant to a human such as digits or letters or faces.
Data is analyzed: Artificial Intelligence (AI)
Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are
programmed to think like humans and mimic their actions.
The term may also be applied to any machine that exhibits traits associated with a human mind
such as learning and problem-solving.
Data is analyzed: Text mining
Text mining (also referred to as text analytics) is an artificial intelligence (AI) technology that uses
natural language processing (NLP) to transform the free (unstructured) text in documents and
databases into normalized, structured data suitable for analysis or to drive machine learning (ML)
algorithms.
Data is analyzed: Business Intelligence
Business intelligence (BI) comprises the strategies and technologies used by enterprises for
the data analysis of business information.
Business intelligence (BI) leverages software and services to transform data into actionable
insights that inform an organization’s strategic and tactical business decisions. These
findings are presented in reports, summaries, dashboards, graphs, charts and maps to
provide users with detailed intelligence about the state of the business.
Data is analyzed: Data Visualization
Data visualization is the graphical representation of information and data.
By using visual elements like charts, graphs, and maps, data visualization tools provide an accessible
way to analyze massive amounts of information to see and understand trends, outliers, and
patterns in data and make data-driven decisions.
A good visualization tells a story, removing the noise from data and highlighting the useful
information.
Big Data analysis uses