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BIG DATAData Analysis- In data we trust
About Big Data
“Without big data you are blind, deaf and in the middle of a freeway” - Geoffrey Moore
Contents■What is Big Data?■Characteristics of Big Data: 3V’s■Why Big Data?■Benefits of Big Data■Sectors of Big Data
Contents
■Real time applications of Big Data■Goals of Big Data■Big Data: Impact on IT sector■Future of Big Data■Extentia and Big Data
What is Big Data?
■Extremely large data sets being managed and maintained
■Analyses trends relating to human behavior and interactions
■Describes large volume of data – structured and unstructured
Characteristics of Big Data: 3V’s
Why Big Data?■ Offers leaders a way to extract
new insight and ideas ■ Helps organizations harness their
data ■ Use it to identify new
opportunities■ Essential because:
■ Increasing storage■ Increasing of processing power■ Availability of data (Different type)
Benefits of Big Data
Benefit
Cost reduction
Faster, Better
Decision making
New Products & Services
Timely & Secure
Relevant &Trustwort
hy
Sectors of Big Data
Manufacturing Traffic Control Telecom Homeland Security
Search Quality Finance Log Analysis Multi-Channel Sales
Real Time Applications of Big Data■ Amazon generates more
revenue using real time collaborative filling
■ Shazam has helped record labels find out about various music cultures
■ The city of Oslo has helped reduce street lightening energy consumption
■ Memphis police department uses predictive software to help reduce crime
Goals of Big Data
■ Targeting customers and their needs
■ Helps understand and optimizing business processes
■ Boost personal quantification and performance optimization
■ Improve healthcare and public health
Big Data: Impact on IT Sector■ IT organizations recognize this
as a force presenting opportunities with challenges
■ In 2014, 4.4 million IT jobs were recognized globally
■ It is believed that by the end of 2015 its Indian business will reach 1 billion USD
Future of Big Data■ By 2020,The industry will be
worth more than 100 billion USD
■ It continues to grow at roughly 10% a year
■Combination of data sets will improve health care industry.
■Data volume is estimated to grow at 40% per year
Extentia and Big Data■Extenia is developing a trend
analysis about internet access data:■ What days the bandwidth
load is there ■ What time and location