The Big Data Essay - 1415 Words

ABSTRACT The promise of data-driven decision-making is now being recognized broadly, and there is growing enthusiasm for the notion of ``Big Data.’’ While the promise of Big Data is real -- for example, it is estimated that Google alone contributed 54 billion dollars to the US economy in 2009 -- there is currently a wide gap between its potential and its realization. Heterogeneity, scale, timeliness, complexity, and privacy problems with Big Data impede progress at all phases of the pipeline that can create value from data. The problems start right away during data acquisition, when the data tsunami requires us to make decisions, currently in an ad hoc manner, about what data to keep and what to discard, and how to store what we keep reliably with the right metadata. Much data today is not natively in structured format; for example, tweets and blogs are weakly structured pieces of text, while images and video are structured for storage and display, but not for semantic content and search: transforming such content into a structured format for later analysis is a major challenge. We will find out a way how structured big data can be transformed into unstructured data to increase the performance. Storage price trends have shown that now a days it’s not a big deal to afford storage for big un structured data. As far as performance is concerne d, big data manageability in terms of unstructured data is more efficient. So as far as revenue is concerned this research will provideShow MoreRelatedBig Data And The Data991 Words   |  4 PagesIntroduction The term big data came into the picture to refer the big volumes of information’s both the companies and governments are storing. The data may be where we live, where we go, what we buy and what we say etc. all will be recorded and stored forever. More than 90% of data is generated in the past 2 years only and this volume is increasing day by day and doubling for every two years. In this world, the organizations are using the data generated by us and no one knows what they are doingRead MoreThe Big Data1153 Words   |  5 Pagescreate someone’s whole family tree? This is the type of scenario that represents the different facets of Big Data. What does it mean to say â€Å"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 andRead MoreBig Data3377 Words   |  14 Pagesnumber of articles on â€Å"big data†. Examine the subject and discuss how it is relevant to companies like Tesco. Introduction to Big Data In 2012, the concept of ‘Big Data’ became widely debated issue as we now live in the information and Internet based era where everyday up to 2.5 Exabyte (=1 billion GB) of data were created, and the number is doubling every 40 months (Brynjolfsson McAfee, 2012). According to a recent research from IBM (2012), 90 percent of the data in the world has beenRead MoreBig Data7004 Words   |  29 PagesBanks, Big Data and High-Performance Analytics Insights on Turning Big Data into Competitive Advantage A selection of articles that appeared in Big Data = Big Gains, a special digital publication by Bank Systems Technology Table of Contents Turning Big Data into Competitive Advantage . . . . . . . . . . . . . . . . . . . 1 Can Banks Play ‘Moneyball’? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 How to Ride the Big DataRead MoreData Mining Of Big Data1646 Words   |  7 PagesData Mining in Big Data Vishesh Shukla Department of Computer Science University of Technology and Management Shillong, India shukla.vishesh07@gmail.com Saurav Utkarsh Department of Computer Science University of Technology and Management Shillong, India saurav.utkarsh@stu.utm.ac.in Sahil Mittal Department of Computer Science University of Technology and Management Shillong, India tousif.raza@stu.utm.ac.in Abhishek Kumar Department of Computer Science University of Technology and ManagementRead MoreA Study On Big Data1643 Words   |  7 Pages.A STUDY ON BIG DATA ABSTRACTION Big data is a popular term which is used to describe the improvement and availability of data in both structured and unstructured data. Structure data is located in a fixed field within a record or file and the data is contained in relation data base and spreadsheet. Unstructured data files include text and multimedia. Data Big data describes extreme volume of data sets with sizes. Big data is defined with three v dimensions namely volume, velocity and variety, andRead MoreThe Age Of Big Data Essay1732 Words   |  7 Pagesnumbers? Fascinated by data? The sound you hear is opportunity knocking. – The age of big data. Introduction The terms and uses of big data, business analytics, data science are nothing new. In fact, more and more companies now-a-days whether large or small are beginning to understand the potential of big data and associated analysis approaches as a way to gain useful and meaningful information in turn to better support their company and serve their customers. Let s put today s data in perspective.Read MoreBig Data Big Reward Essay687 Words   |  3 PagesBig data, Big rewards 1.Describe the kinds of big data collected by the organizations described in this case. There are mainly three kinds of big data collected by the organizations described in this case. First, IBM Bigsheets help the British Library to handle with huge quantities of data and extract the useful knowledge. Second, State and federal law enforcement agencies are analyzing big data to discover hidden patterns in criminal activity. The Real Time Crime Center data warehouse containsRead MoreA Research On Big Data939 Words   |  4 PagesBig Data is a term for very large amounts of formal and informal information that can be analyzed to find trends and patterns. The information can be about anything, but it needs to be processed in a way that will give it value and relevance. It can come in multiple formats and from different sources such as large databases, electronic records, social media, mobile phones, apps, wearable devices such as pedometers, and others. Different data sets are combined and contrasted in different ways to giveRead MoreThe Emergence Of Big Data1324 Words   |  6 PagesThe 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