BIG DATA NICOLAS MUNOZ. Topics What is Big Data? Benefits & Drawbacks How does it work? Companies...
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Transcript of BIG DATA NICOLAS MUNOZ. Topics What is Big Data? Benefits & Drawbacks How does it work? Companies...
Topics• What is Big Data?
• Benefits & Drawbacks
• How does it work?
• Companies doing Big Data
• Market for Big Data
• Applications of Big Data
• Future of Big Data
• Questions?
What is Big Data?
1. Large, complex collection of data sets
2. Exponential growth and availability of data
Topics• What is Big Data?
• Benefits & Drawbacks
• How does it work?
• Companies doing Big Data
• Market for Big Data
• Applications of Big Data
• Future of Big Data
• Questions?
Benefits & Drawbacks Benefits• Faster analysis of data
• Complex analysis becomes feasible
• Cheaper systems
Drawbacks• Random correlations may be found
• Difficult to implement/convert to from old systems
Topics• What is Big Data?
• Benefits & Drawbacks
• How does it work?
• Companies doing Big Data
• Market for Big Data
• Applications of Big Data
• Future of Big Data
• Questions?
How does Big Data work?• Network of servers
• Each server stores part of the data
• Servers work in parallel during analysis
• Divide and conquer algorithms• MapReduce
• NoSQL/Non-relational database
Topics• What is Big Data?
• Benefits & Drawbacks
• How does it work?
• Companies doing Big Data
• Market for Big Data
• Applications of Big Data
• Future of Big Data
• Questions?
Topics• What is Big Data?
• Benefits & Drawbacks
• How does it work?
• Companies doing Big Data
• Market for Big Data
• Applications of Big Data
• Future of Big Data
• Questions?
Market for Big Data• $16.4 Billion industry
• Growing 6x faster than general IT market
• McKinsey 2013 report: 1.5 million data-literate managers needed in United States
• Every industry can benefit from using Big Data
Topics• What is Big Data?
• Benefits & Drawbacks
• How does it work?
• Companies doing Big Data
• Market for Big Data
• Applications of Big Data
• Future of Big Data
• Questions?
Applications of Big Data• Automotive• Connected vehicles• Improve safety; performance
• Healthcare• 80% of medical data is unstructured and clinically relevant• Legislative pressure to reduce cost of health care
• Science• LHC (Large Hadron Collider)• 100 collisions of interest per second
• Finance• Improve accuracy and speed of financial predictions• Integrating social media feeds into financial analysis
Topics• What is Big Data?
• Benefits & Drawbacks
• How does it work?
• Companies doing Big Data
• Market for Big Data
• Applications of Big Data
• Future of Big Data
• Questions?
Future of Big Data• Exponential growth of data
• On-demand, real-time, advanced analytics
• Full integration of different systems
• Enhanced security
• Fully personalized experiences