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BIG DATA:
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What is Big Data technology:
Big data is data sets that are so voluminous and complex that
traditional dataprocessing application software are
inadequate to deal with them. Big datachallenges include
capturing data, data storage, data analysis, search, sharing,
transfer, visualization, querying, updating and information
privacy.
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Why I choose big data:
Adopting the big data technologies help the companies achieve that in no time.
Big data analytics has not only allowed the firms to stay updated with the
changing dynamics but has also let them predict the future trends giving a
competitive edge.
Big data analytics technology is so important to heath care. By analyzing large
amounts of information – both structured and unstructured – quickly, health
care providers can provide lifesaving diagnoses or treatment options almost
immediately.
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V’s of BIG DATA:
The seven V’s sum up the definition of big data pretty well–
1.Volume
2.Velocity
3.Variety
4.Variability
5.Veracity
6.Visualization
7.Value.
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BIG DATA ANALYTICS:
Examining large amount of data.
Appropriate information.
Identification of hidden patterns.
Competitive advantages.
Better business decision: strategic and operational.
Effective marketing, customer satisfaction, increased revenue.
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GOALS FOR USING BIG
DATA:
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Purpose:
Big data is used to better understand customers and their
behaviors and preferences. Companies are keen to expand
their traditional data sets with social media data, browser
logs as well as text analytics and sensor data to get a more
complete picture of their customers.
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Benefits:
Identifying the root causes of failures and issues in real time.
Fully understanding the potential of data-driven marketing.
Generating customer offers based on their buying habits.
Improving customer engagement and increasing customer loyalty.
Reevaluating risk portfolios quickly.
Personalizing the customer experience.
Adding value to online and offline customer interaction.
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Related fields:
Bank and Securities Exchange.
Communication, Media and Entertainment.
HealthCare.
Retail and Wholesale.
Transport Industry.
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APPLICATION:
Network performance & Clinical trials data Large scale clickstream
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BIG DATA EXAMPLES IN DIFFERENT INDSUTRIES
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Big Data Technologies:
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Thank you
Continue from the beginning
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