What is Big Data?
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WHAT IS BIG DATA?
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Transcript of What is Big Data?
WHAT IS BIG DATA?
ACCORDING TO IBM WE NOW CREATE 2.5 QUINTILLIONBYTES OF DATA EVERY DAY.
90% OF DATA IN THE WORLD HAS BEEN CREATED IN THELAST TWO YEARS ALONE.
What is Big Data?
THIS PROBABLY EXPLAINS THE FEAR ANDTREPIDATION WITH WHICH THE CONCEPTOF BIG DATA IS OFTEN GREETED.
THE MASS OF DATA IS SO LARGE THATTHERE IS SIMPLY NO WAY THAT IT CAN BEPROCESSED USING CONVENTIONALDATABASE AND SOFTWARE TECHNIQUES.
What is Big Data?
THERE IS NO WAY FOR ALL OF THIS DATA EVEN TO BECAPTURED AND CATALOGUED, MUCH LESS UNDERSTOOD.
THE DATA NOW AVAILABLE TO US ISGATHERED FROM ALMOST EVERYSINGLE FACET OF OUR LIVES.
What is Big Data?
HOW CAN BIG DATA BE USEFUL?
ALTHOUGH IT WILL NEVER BE POSSIBLE TO HARNESS EVERY SINGLE BYTE OFDATA IN THE WORLD IN ORDER TO MAKE OUR BUSINESS DECISIONS,
BIG DATA IS NONETHELESS BEGINNING TO REVOLUTIONISE THE WAY SOME FIRMS OPERATE.
BIG DATA IS GENERATED BY THE INTRICATE DETAILS OFOUR DAILY LIVES, SUCH AS OUR SOCIAL MEDIA POSTS,OUR ONLINE TRANSACTIONS AND THE GPSSIGNALS ON OUR DEVICES.
UNSTRUCTURED DATA
OFTEN TEXT-HEAVY, NOT EASILY QUANTIFIED OR INTERPRETED BY TRADITIONAL MODELS,AND MAY INCLUDE HARD-TO-CLASSIFY ELEMENTS SUCH AS SOCIAL MEDIA POSTS.
What is Big Data?
HOW CAN BIG DATA BE CLASSIFIED?
MULTI-STRUCTURED DATA
REFERS TO THE MIXTURE OF DIFFERENT DATA FORMATS THAT TYPICALLY DERIVES FROMINTERACTIONS BETWEEN PEOPLE AND MACHINES, SUCH AS WEB LOG DATA,WHICH MAY CONTAIN IMAGES, TEXT AND QUANTIFIABLE TRANSACTION INFORMATION,MAKING IT DIFFICULT TO UNDERSTAND THE DATA VIA A SINGLE METRIC.
What is Big Data?
CONCLUSION
When coming to terms with big data, the most important thing to realise isthat it is now simply impossible to capture everything.
Businesses that make big data work for them will learn to be selective, pullingthe data that supports their practices and processes, and ignoring the rest.
Once your business’s big data strategy has been sketched out,it will be relatively easy to take advantage
of the wealth of information now at our fingertips.
