This presentation covers the basics of big data, its characteristics, and techniques for analysis. It also discusses the challenges in big data analytics and how big data technology can support businesses with examples. The presentation is relevant for students studying Information Systems and Big Data Analysis.
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History on big Data Bigdatareferstothedatawhichisbeing generatedacrosstheworldwideatthe unprecedented rate. It is a combination of all toolsandprocessesrelatedtomanagingand utilize large data sets. Information Systems and Big Data Analysis Name of the Student What is big Data Big data is refer to collection of the data that is vast in volume, yet growing exponentially with the time. Big data are large in size and complex that none of the traditional data management tool can store it and process it efficiently. Characteristics of Big data Thebigdatacanbedelineatedbysome characteristics which are mentioned below: Volume Variety Velocity Value The challenges of big data analytics Thedataisavaluableassetforevery organisation. Big data and analytics are still in initial stage of its growth, its importance can not be undervalued. There are various challenges of thebigdataanalyticswhicharementioned below: Big data talent gap Uncertaintyofthedatamanagement landscape Long system response time Expensive maintenance References Riley, C., Vrbka, J. and Rowland, Z., 2021. Internet of things-enabled sustainability, big data-driven decision- making processes, and digitized mass production in Industry 4.0-based manufacturing systems.J. Self-Gov. Manag. Econ,9, pp.42-52. How Big Data technology could support business & Examples •Making better business decision •Understanding customers •Automation- •Promote cost saving measures Techniques that are currently available to analysis big data Data analytics is a process to examine the data sets and drawing a conclusion about an information that they contain, commonly through a specific system methods and software. technologies of data analytics are used on industrial scale and in all commercial business industries. These techniques are mentioned below: A/B testing- Data mining Machine learning Data fusion and data integration