The Concepts Of Big Data Analysis Essay

The analysis of big data is the process of organizing, collection, analyze and examining the large volume of data to find patterns, market trends and useful information. This analysis helps organizations to better understanding about the information within data, and helps analyst to make better

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

Big data and its definition has changed over the years. In a 2011 research project by MGI and Mckinsey’s Business’ defined big data as

The emergence of big data has provided different avenues for organizations to use data to improve different aspects of their respective operations. Be it customer service, research and development, or market position, Big Data has the potential to be a significant driving force in all these areas. However, there’s still a significant gap between the ability of Big Data to produce insightful analytical information based on real-time data and the ability of organizations to capture and utilize this readily available tool. This is, in part, due to the fact that the systems and processes necessary to fully maximize the usefulness of Big Data is currently lacking in most organizations. This lack of a conducive habitat for Big Data is further magnified in new organizations without any knowledge of Big Data. For organizations that have that have little to no knowledge of Big Data, there must be a thorough assessment of the benefits of big data and how they could improve the organizations overall place in the market. There also needs to be steps taken towards the design of frameworks that will enable the organization to better capture and utilize Big Data.

In a fast paced, business ordinated technological world the overall welfare of a company is tied to the success or failure to make the tough decisions. On one instance a company’s CEO might be able to make the choices based on experience, advice, or simple gut instinct. However, this is not the only skill one needs. There is a great deal of information to be found in being able to see investments in data and analytics. These decisions are based off of big data. Big data is a catch-phrase, used to describe a massive volume of both structured and unstructured data that is too large to process using traditional database and software techniques. The volume of data is in most cases is too big, moves too fast or it exceed the processing capacity the company has. Despite these potential drawbacks, big data contains the potential to help companies by improving operations and making faster, more intelligent decisions. This can be broken into three key parts, knowledge, data, and information.

Business thrive when they have the most accurate, up-to-date, and relevant information at their disposal. This information can be used for a plethora of pertinent markers in small and large businesses, relating to accounting, investments, consumer activity, and much more. Big data is a term used to describe the extremely large amounts of data that floods a business every day. For decades, big data has been a growing field, facing controversy on many levels, but as of late, it has been a major innovator in the challenge of making businesses more sustainable. Big data is often scrutinized for its over-generalization and inability to display meaningful results at times. When applied correctly, data analysis can bring earth-altering information to the table.

Firstly, the main problem is deciding which data should be selected. The data, explaining customers’ desires and needs, is important to be collected while most of the enterprises are confusing about what data they should concentrate on. A recent Gartner report (2014) stresses that 64% of firms raced to plan or launch a Big Data project, though they did not have enough professional knowledge yet. To understand what customers need through Big Data possibly turns into the core of companies’ target. The large data volumes and different varieties of data lead to data complexity.

The healthcare industry historically has generated large amounts of data, driven by record keeping, compliance & regulatory requirements, and patient care. Whilemost data is stored in hard copy form, the current trend istoward rapid digitization of these large amounts of data.Driven by mandatory requirements and the potential to improve the quality of healthcare delivery meanwhile reducingthe costs, these massive quantities of data (known as ‘big data’) hold the promise of supporting a wide rangeof medical and healthcare functions, including amongothers clinical decision support, disease surveillance and population health management Reports say data from the U.S. healthcare system alone reached, in 2011, 150 exabytes. At this rate of

Data is the backbone of business today and has always played a critical role in business. Today in the era of “Big Data” and Digital Business, data has become the primary driver of decision making, growth and innovation. The big data today is radically different from the data of yesterday. The Big Data age has brought with it a tremendous increase in the amount of data and types of data available to businesses. New data is produced every day, generated by social networking sites, mobile phones, location, third party, business transactions, etc. We are in an era which is characterized by the 5 V’s of Big Data: Volume, Velocity, Variety, Veracity and Value. The Big Data opportunities are enormous, as are its challenges. In this context it is especially important to understand the Opportunities and Problems that business faces to extract value from Big Data Analytics.

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 needed in several situations during election process, but the main purpose of political data is to provide a citizens’ contact list. Campaigns need information about which citizens participate in specific campaign actions like rallies, petitions, candidate support, donating money, volunteering, or issues in tracking polls.

Abstract— Big data is a significant subject in modern times with the rapid advancement of new technologies for example, smartphones, pc/laptops, game consoles, that all in some way store information. Big companies require a place to not only store all the data that is coming in but to also analyze it for specific purposes and at the fastest speed manageable. There are many different providers out there who provide this service, this paper will talk about one way the company Google handles data using their own special made platform.

Provide an approach for research efforts towards developing highly scalable and autonomic data management systems associated with programming models for processing Big Data. Aspects of such systems should address challenges related to data analysis algorithms, real-time processing and visualisation, context awareness, data management and performance and scalability, correlation and causality and to some extent, distributed storage [1]. Provide an approach for framework for evaluating big data initiatives [2]. Provide an approach for summarize opportunities and challenges with big data. Recent technological advances and novel applications, such as sensors, cyber-physical systems, smart mobile devices ,cloud systems, data analytics, and social networks, are making possible to capture, process, and share huge amounts of data – referred to as big data - and to extract useful knowledge, such as patterns, from this data and predict trends and events. Big data is making possible tasks that before were impossible, like preventing disease spreading and crime, personalizing healthcare, quickly identifying business opportunities, managing emergencies, protecting the homeland, and so on [3]. Provide an approach for sources of structured and unstructured big data. Unstructured data is everywhere. In fact, most individuals and organizations conduct their lives around unstructured data [4]. Successful decision-making will increasingly be driven by analytics-generated

There are many fundamental issue areas that need to be addressed in dealing with big data: data acquisition, data storage, data transfer, data management, and data processing. Each of these issues represents a large set of technical research problems and challenges in its own right.

In the infancy of computing data storage was, maybe the primary issue plaguing computer scientists’ due to the fact that there was no reliable and affordable means of storing data Through many years of steady scientific and engineering progress finally a reliable source for data storage was created in the form of a hard disk Then the matter of contention shifted to the absorbent price of this new solution to an age-old problem, but when manufactures began to mass produce hard drive disks and the ease of access to these manufacturing resources, as well as, the facilities required to produce this new futuristic product, a new problem presented itself With the advent of major companies having access to hundreds of thousands or even millions