Big Data for Dummies

Big Data for Dummjes 11 L00 01000 .00010 Big Data is a tool that allows any company the ability to accurately analyze its data D010100 In layman's terms, Big Data is how you can use your data in ways that did not exist previously and to positively impact your business goals Very large amounts of data that is un-wieldy and changes at a rapid pace BIG DATA IS It cuts across all fields and is being seen in every industry and field One Common Use of Data Track current customer and potential customer behavior in order to increase sales Who Uses Big Data Anybody can use Big Data to make business decisions: Online Hotel retailer Industry Digital Media IT Sector in Non-Profit Government Organizations Education Health Industry Aviation Defense How it Affects Business It leads to more informed business decisions Rapid and expansive growth of the company Universal Use Cases for Big Data 4 Volume: The volume of data to be considered can be very large Variety: Data can be of diverse form - unstructured text, documents, audio, images, video Velocity: Data can be in motion - video feeds, from social media as text stream, data collected by a sensor Veracity: Data can be sure. But data can also be somewhat precise and can be predicted or simulated in some way BIG DATA The aim of big data is to harness all sorts of data Universal Appeal Big Data is easily accessible and affordable, particularly to smaller companies that could not afford it previously Big Data is on its way to become an essential part of how any and every company does business [email protected] e www.wiziq.com/blog ( USA: 1-800-567-8059, India: 1-800-3000-1771 WIZIQ education.online