Discussion Week 2
Group 1: Volume of Data
Participants Name
Aishwarya Patil
Jiayang Su
Jingxin Wang
Nishant Singh
Xinni Song
Yuchen Xie
1. What inclusions and exclusions persist from the days of traditional data collection and analysis to today’s era of “big data” collection and analysis?
Considering our volume-based view to data, there are two types to describe the data volume, which are Total Volume(TV) and Unit Volume(UV).
Recently, machine generated data is more in volume than the traditional data both in Total Volume and Unit Volume. The traditional analytics deals with small data set (kilobytes, megabytes or gigabytes). Big data primarily describes really large data sets (terabytes to exabytes) partly because of its complexity from
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We define “big data” as a capability that allows companies to extract value from large volumes of data. Big data is unstructured data and for every kind, data is important so no policy as policy as it won’t filter any data.
3. What are some emerging data collection and analysis methods that better capture our “analog” selves?
In our view, the emerging data collection and analysis methods that better capture our “analog” selves need to meet the following requirements:
3.1, Try to avoid limitations of systems used to collect and analyze data. In other words, “no policy as policy”.
3.2, Capture the embodied experiences of our lives and choices, both individually and collectively.
3.3, The data collection processes should not simply be the process of reduction by definition.
3.4, Can collect more data to restore the truth as much as possible.
The most common method is card scanning technology. Customers scan an ID card then his/her key information is recorded. A paper-based system applies photocopies and archives key documents such as a driver's license. Phone-based collection is also a way to collect data and it requires customers to provide key information by phone.
At the cutting edge, wearable intelligent devices came into vogue in less than two years. They provide us more options to monitor the status of our bodies without adding much more weight, along with excellent performance and comprehensive views of the biomedical condition. The
In this assignment I will look at the ways in which data is gathered and selected, I will show my understanding of how to interpret data and information, and how I communicate the results of the information analysis.
This is the initial part of the data analysis that many people don’t go beyond. While Kaushik has been praising the need to deliver “actionable insights”, one must first understand the basic data analysis prior to taking the next step.
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
Big Data is the act of compiling large sets of data based on a single individual or groups. Everyone encounters data in their daily life--you are experiencing it when you log onto a social media account, when you stream entertainment online, or even when you are online shopping. When you do any of these things you are leaving behind a digital trace that can be accessed by just about anyone. In “Six Provocations for Big Data,” danah boyd and Kate Crawford raise questions regarding the nature of Big Data. What is considered public information? What is the ethical way to go about retrieving data from online sources? Is Big Data more harmful or helpful? How often do you encounter Big Data, or data in general? What is the relationship between data
What does it mean to say “big data”? Big Data is more than just massive amounts of data stored together. It is more than just data delivered or analyzed fast. Meta Group’s Doug Laney described it as data that has volume, velocity, and variety (2001). This is the 3 V’s of Big Data and is widely used to define it. Additions to this definition include other V’s, such as veracity and value (XXX). What is volume? Volume could be 7 billion people speaking at once. It can be the data created by millions of Americans uploading photos, buying shoes online, or searching for the definition of Big Data. It is the volume of data being created by researchers at unprecedented amounts to chart the stars, to map the human genome, or to trend
Through this paper, we will attempt to understand what constitutes ‘Big Data’. We will explore some of its sources and discuss some of the barriers faced by organizations looking to benefit from this phenomenon. We will also examine the various management tools and statistical techniques that can be used to extract information from big data.
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.
According to a report from The International Business Machines Corporation, known as IBM, 90% of the data in the world has been generated in the last two years. Frank J. Ohlhorst (2013) explains how the concept of collecting data for use in business is not new, but the scale of data that has been collected recently is so large that it has been termed Big Data (p. 1). Company executives who choose to ignore Big Data are denying their companies an advantage over their competitors. Big Data analysis is fundamental for all fields of work; it provides an insight to large amounts of data that will answer questions and make discoveries to improve efficiency in all areas of the world.
This article can be regarded as current since it was published in 2013. What is more, the authors of this text both work for the department of business in the universities. They may have specific expertise or knowledge in the field of big data as it is an essential factor in business. Furthermore, Business Intelligence Journal contains a professional data warehouse for business. As a result, this article is also authoritative and reliable. Besides, as a journal article, not only does it follow the usual academic conventions like in-text citations and references, but also its language is impersonal and formal, which seems to be objective. Big data has become a useful tool to help companies make decisions and turn to customer-centred
Big data is an extremely important topic for future developments, growth trends and similarities between certain things. From a Microsoft blog published in 2013 big data is “the process of applying serious computing power” (HowieT, 2013). Another article describes big data as data that “exceeds the processing capacity of conventional database systems” (Dumbill, 2012). Based on these definitions and many more alike, big data refers to or can be described as recorded information that exceeds capacity. As brief as this is, data can be recorded using many instruments and even through observation. This topic is interesting to research and develop as new technologies are more capable at storing and reading mass data. With technology advancements, a method that took half a day, more than ten years ago, would only take a couple of minutes using present technologies. As big data is getting more widely used more businesses and enterprises will be interested in the trends shown.
large amounts of data everyday . Big data is the technology which analyses large sets of data
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
Volume is often regarded as the primary attribute of big data. With that in mind, a large number of people define big data in terabytes—sometimes petabytes, but big data can also be quantified by counting records, transactions, tables, or files (Russom, 2011). Volume refers to the mass quantities of data that organizations are trying to harness to improve decision-making across the enterprise (Schroeck et al., 2012). The volumes of data have continued to increase at an unprecedented rate over the last couple of years. The sheer volume of data that is stored or available for storage today is exploding, it is expected that by the year 2020 40 zetabytes (ZB) of data will be stored (Zikopoulos et al. 2012) which
After collecting the data we enter into the process of data selection. It is not enough if we simply collect the data, it is also necessary to select the data that we going to process. There are many data