Big Data: Characteristics, Challenges, and Techniques for Analysis

Big Data

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................4
A brief overview of big data...................................................................................................4
Characteristics of big data......................................................................................................4
The challenges of big data analytics and techniques available to analyse big data...............5
Big data technology could support business by using examples............................................6
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Big data technology is considered as large set of data belonging to different customers in
a business. It is essential and compulsory for a business to maintain big data technology in order
to grow at marketplace (Choi, 2018). A company has to develop good software for handling
major operations related to big data technology. In this report there is a precise explanation of
big data technology along with its characteristics. This report contains explanation of various
challenges that are effective in analysing big data and various techniques available to analyse big
data. This project also contains the way in which big data technology can support a business.

MAIN BODY
A brief overview of big data
In today's competitive world big data technology is emerging with a boom that is creating
a huge impact on IT industry. The example of Big Data technology are Hadoop, Spark, NO-
SQL, Hive and Cloud. These technological software helps in storing and managing big data
related to a business. The big data technology also includes assessment of various factors that
like data management and data storage that are essential for growth of a business and develops
synchronisation of big data. There are majorly two types of big data technologies which are
operational and analytical big data technology (Du, 2021). It is main work of IT department in a
company to analyse and store big data in a precise way to support company operations. Big data
technology is also helpful in increasing the level of safe operations which are essential for a
business to develop big data related operations. The big data technology is considered as major
step which is essential for protecting crucial data related to customers. In the success of a
company at the marketplace big data technology play a crucial role by giving priority to large
data management in a precise manner.
Characteristics of big data
It is essential for a company to identify various factors that are related to big data
technology in order to accomplish success at the marketplace. The major characteristics of big
data technology are mentioned below:
 Volume of data- In general case related scenario, it is essential for a company to develop
precise approach in handling large amount of data. Big data's volume is large and number
of consumers is always high in case of multinational and national companies. In order to
handle large volume of data which is essential for a company it is major responsibility of
a business to hire skilled and trained employees.
 Variety of data- The variety of data is immense in case of big data technology which is
essential to be maintained in an effective manner it includes categories of data (Liu,
2018). In order to make sure that the variety of data is transferred in a precise manner, a
company has to do various tasks like financial management and business strategy
preparation.