Advantages And Challenges Of Big Data

Big Data is an expansive phrase for data sets so called big, large or complex that they are very difficult to process using traditional data processing applications. Challenges include analysis, capture, curation, search, sharing, storage, transfer, visualization, and information privacy. In common usage, the term big data has largely come to refer simply to the use of predictive analytics. Big data is a set of techniques and technologies that need or require new forms of integration to expose large invisible values from large datasets that are diverse, complex, and of a massive scale. When big data is effectively and efficiently captured, processed, and analyzed, companies

New organizations can leverage Big Data in such a way that it provides benefits that can prove valuable especially to an organization seeking to establish itself and grow. One of these benefits is faster and better decision making. Particularly with the analytics of Big Data, organizations have access to real-time data

The industry is inundated with articles on big data. Big data news is no longer confined to the technical web pages. You can read about big data in the mainstream business publications such as Forbes and The Economist. Each week the media reports on breakthroughs, startups, funding and customer use cases. No matter your source for information on big data, one thing they all have in common is that the amount of information an organization will manage is only going to increase; this is what’s driving the ‘big data’ movement.

Big data is a term that describes a large volume of data. This data comes in the form of structured and unstructured data. Structured data is information taken and sorted in rows and columns while unstructured data is pictures, tweets, videos, and location-based data. It is not surprising to see many businesses today utilizing data for financial gain. Businesses are harnessing data and using it to make investment decisions, marketing strategies, fraud reductions, and much more. These businesses and organizations can expect to become more profitable, effective, and efficient, but pushes the limits

Like the traditional data, big data through a series of steps that contain collection, storage and analysis to form a complete system to help both enterprises and individuals produce an optimum strategy or decision and maximize benefits in their stance. As for traditional data system, it is usually not enough accurate in analyze the phenomenon or the situation due to lack of sufficient data that results from the speed of collecting data is relatively low and the process

Big data is certainly one of the biggest buzz phrases in it today. The term ’Big Data’ appeared for first time in 1998 in a Silicon Graphics (SGI) slide deck by John Mashey with the title of ”Big Data and the Next Wave of InfraStress” [9]. -Combined with virtualization and cloud computing, big data is a technological capability that will force data centers to significantly transform and evolve within the next five years. Similar to virtualization, big data infrastructure is unique and can create an architectural upheaval in the way systems, storage, and software infrastructure are connected and managed. Big data is an amalgam of large and varieties of data sets including structured data, semi structured data and unstructured data so it’s beyond the capability of traditional tools to capture, store, process and analysis of big data. It is true that big data have capability of unlocking new sources of development in many fields but at the same time researchers are being confronted challenges with big data. This paper reveals the various challenges faced with big data and opportunities realized with big data. Keywords: Big data, Challenges, Opportunities, Security Issues.

The emergence of new technologies, applications and network systems makes it hard to run the current business models and huge data types, and thus emerged various types of analytic tools like Big Data, which make this work easier by way of proper organization of data. Big Data is all about analyzing different forms of data (Structured, Semi-structured and Un-structured) and it is not about the procedure, creation or consumption of data.

In a dynamic global economy, companies and organizations have started to rely more and more on statistics gathered from their customers insights and behavior, internal processes and business operations with the aim of finding new opportunities for growth. In order to find and determine this information, large complex sets of data should be generated and analyzed by skilled professionals. The compilation of this large collection of data is known as “Big Data”.

Big data is not a hype, but it is the future. The big data industry continues to advance, and big data service providers are making it easier for companies to work with big data in driving their businesses. Progressively, greater volumes and varieties of data will be incorporated with more business processes to support better decision making and greater insight. Moreover,

To address the question of how and what techniques has been used to manages this big amount of data or in the field of Big Data, I review some research papers and review articles in the field of Big Data. This paper provides the synthesis of those papers which I found relevant to this field. This paper will focus on the following things:

Many large companies like Google, Facebook, Amazon, Netflix are leveraging unstructured data to facilitate human decision making, automate simple tasks, and to make the world a smarter place. The term big data is used to describe these unstructured datasets that are so large and complex that traditional

With 3.2 billion internet users [1] and 6.4 billion internet connected devices by 2016 [2], unprecedented amount of data is being generated and process daily and increasing every year. The advent of web 2.0 has fueled the growth and creation of new and more complex types of data which creates a natural demand to analyze new data sources in order to gain knowledge. This new data volume and complexity of the data is being called Big Data, famously characterised by Volume, Variety and Velocity; has created data management and processing challenges due to technological limitations, efficiency or cost to store and process in a timely fashion. The large volume and complex data is unable to be handled and/or processed by most current information systems in a timely manner and the traditional data mining and analytics methods developed for a centralized data systems may not be practical for big data.

With 3.2 billion internet users [1] and 6.4 billion internet connected devices by 2016 [2], unprecedented amount of data is being generated and process daily and increasing every year. The advent of web 2.0 has fueled the growth and creation of new and more complex types of data which creates a natural demand to analyze new data sources in order to gain knowledge. This new data volume and complexity of the data is being called Big Data, famously characterised by Volume, Variety and Velocity; has created data management and processing challenges due to technological limitations, efficiency or cost to store and process in a timely fashion. The large volume and complex data is unable to be handled and/or processed by most current information systems in a timely manner and the traditional data mining and analytics methods developed for a centralized data systems may not be practical for big data.

Big data and big data analytics are used to describe data sets and analytical techniques in applications that are so large and complex and require special technologies to analyze and visualize them.

Management of big data is useful with how it is used. Ways to use the stored information include, but not limited to, reduction of costs, time reductions, and making smart decisions based on data results. [1]