Advantages And Disadvantages Of Big Data The Vast Growing Technology

Examples include, for instance, large sets of Twitter messages or data extracted from Wikipedia. In their definition, boyd and Crawford (2012) further include the capacity to ‘to search, aggregate, and cross-reference large data sets’, further noting that big data, besides from its technical aspects, entails a cultural ideology, circulating around the notion that the accumulation and analysis of large datasets offers a new form of a more truthful, accurate and objective knowledge of the world (2012: 663).

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

“datasets whose size is beyond the ability of typical database software tools to capture, store, manage, and analyze,” the McKinsey researchers acknowledged that “this definition is intentionally subjective and incorporates a moving definition of how big a dataset needs to be in order to be considered big data.”

related field. However, using data from different sources like Internet which looks like a huge data

It is that time of year again, to sit back, and reflect on everything that has happened in the past year and to make predictions of what will happen in the years to come. The new job that is starting to move out of the woodworks is ‘Big Data.’ These large volumes of data are being used in ways no one could have imagined years ago. Data analysts are using this newly found information to improve the world around us, from helping companies make a more efficient profit, research the climate changes, or improve how people live their daily lives.

Big data is an extensive collection of structured and unstructured data. It is a modern day technology which is applied to store, manage and analyze data that are not possible to manage, store and analyze by using the commonly used software or tools. Since all of our daily tasks are overtaken by the modern technologies and all the businesses and organizations are using internet system to operate, the production of data has increased significantly in past

Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis or in other words big data is a collection of data sets which is very large in size as well as complex.

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,

Big Data embraces structured, semi-structured and unstructured information. It can be demographic or psychographic information about the customers, their opinions, product reviews etc gathered from variety of sources such as tweets, blogs, other social media content, technical devices like sensors and stream of data from mobile devices. Businesses have started using Big Data to get right information to identify right markets and right customers at the right time in order to make right strategic decisions. The Big Data market is estimated to grow to $32.1 bn by 2015 and $54.1 bn by 2017. According to the report “Be Careful or Big Data Could Bury Your Bank”, the world creates 2.5 quintillion bytes of data daily and last 2 years have contributed to almost 90% of the data which exists today. It empowers institutions to learn more, create more and do more using the data available with them.

Data itself is useless, until it is mined and transformed into a valuable source of knowledge discovery. Due to its conversion into useful information, data mining has become the leading source being used in many fields worldwide. “Data mining is based on complex algorithms that allow for the segmentation of data to identify patterns and trends, detect anomalies, and predict the probability of various situational outcomes.”[1] Many organizations from healthcare to multimedia and more are relaying on data and getting developed through the use of it. Regardless of how, data warehouse changed its rhythm and dimension in terms of measurements such as: variety, volume and velocity. Today, one can see the current trends of data mining in different fields such as social networks, healthcare and businesses. As data mining is giving the opportunity for those fields to get advanced, "Big Data" is also opening up new doors within itself as the new trends emerge.

The term Big Data is to a large extent vague and amorphous. Information technology professionals look at Big Data as large data sets that require supercomputers to collate, process and analyse to draw meaningful conclusions. A phenomenon defined by the rapid acceleration in the expanding volume of high velocity, complex, and diverse types of data. The new character added in this definition is

So what exactly is Big Data? This can be a point of contention amongst even those who work with big data all the time so the description that follows is only one of many. Big Data is best characterised by 3Vs: volume, variety and velocity. Volume refers to the extreme amounts of data, variety to the varying types of said data and velocity to the speed at which the data must be processed. Big Data does not actually refer to a specific quantity of data as many might assume by looking at the term but it is often used when speaking about massive volumes of data in the range of Exabyte’s (Rouse, 2014), most of which cannot be integrated easily.

Now-a-days the Data usage has increased a lot. Data that the human race has accumulated in the past one decade, far exceeds the data that are available to mankind during the preceding century. They also expect that different stakeholders such as consumers, companies and businesses are likely to exploit the potential of Big Data. Several estimates about the accumulation of data have challenged our earlier imagination. Data scientists are increasingly using data quantities in Peta and Zeta bytes. There is no doubt now that

International data Corporation (IdC) predicts that the market for big data technology and services will reach $16.9 billion by 2015 with 40% growth over the prediction horizon. Not only will this technology and services influence big data technology providers for related SQL database technologies, Hadoop or Mapreduce file systems, and related software and analytics software solutions, but it also will impact new server, storage, and networking infrastructure that is purposely designed to leverage and optimize the new analytical solutions. Major attributes of Big Data are:

In today’s world, the amount of unstructured data collected is humungous. This unstructured data is of no use if it is not properly processed, analyzed and evaluated. Using this data for the betterment of mankind is what most of the largest companies like Google, Facebook, Amazon, Netflix and much more are targeting. Big data is a term for datasets which are so large and complex that traditional database systems such as MS SQL, MySQL, etc., are incapable of handling them. It is not the amount of data that is important, but what organizations do with data that matters the most. Data can be mapped to useful information which can be further utilized for analyzing and drawing insights that lead to better management practices and strategic