Wreetika Adhikary Pranaya Mishra Yashwanth Bhanu Trisha George Mehal Batavia Ashray Pandey

DEFENITION
Large volume of data.

Complex data sets.

Includes both structured and unstructured data.

Traditional data processing methods are inadequate to deal with them.

CORPORATE EXAMPLES
Allows Google to take various snippets of information from your web browsing habits, search history etc. & use this
information to decide what products, services, and websites are likely to interest you.

Recommendations given to you by companies like Netflix and Amazon.

Artificial intelligence like Cortana & Siri.

 HOW BIG DATA WORKS
Identifying all the potential sources.

Decide on how to store and manage data.

Decide on how much of the data is to be analysed.

Use of all insights that you have uncovered.

Identifying the technologies to help you make the most of big data and big data analytics.
Consider:
A. Cheap, abundant storage.
B. Faster processors.
C. Affordable open source.
D. Distributed big data platforms.
E. Parallel processing
F. Clustering
G. High connectivity and high throughputs.
 5V OF BIG DATA
VOLUME
The size and pattern of data defines its value and methods to be used for analyzing it.

VARIETY
The type and nature of the data helps users who analyze it to effectively use the resulting insight.

VELOCITY
The speed at which the data is generated and processed is important for analyzers to effectively handle the data.

VARIETY
Data comes in all types of formats from structured to unstructured.

VERACITY
Data flows can be highly inconsistent with periodic peaks, affecting accurate analysis.
 APPLICATIONS
Banking Manufacturing
A. To understand customers and boost their satisfaction. A. Boost quality & output.
B. To minimize risk & fraud while maintaining regulatory B. Minimizing waste.
compliance. C. Better work culture development.
D. Analysing the market trends.
Education E. Analysing the products defect patterns.
A. Data-driven insight can make a significant impact on school
systems, students and curriculums. Retail
B. Identifying at-risk students. A. Customer relationship.
C. Monitoring students adequate progress. B. Determining best market to customers.
D. Implementing better evaluation system. C. To handle transactions.
D. Identifying strategies to bring back lapsed business.
Government
A. To provide significant ground for managing utilities. Health Care
B. Running agencies, dealing with traffic congestion or preventing A. Patient records.
crime. B. Treatment plans.
C. Prescription information.
 S.W.O.T ANALYSIS OF BIG DATA
Strength
Cost reductions
Effective utilization of time.
Smart decision making.
Recalculating entire risk portfolios
Ease in new product development & optimized
offerings.
Opportunity
Only 0.6% data is analyzed worldwide.
77% of firms yet to accept Big Data.
User behavior analytics is becoming popular in
industries.
Advanced data analytics methods.
Weakness
Capturing data from diverse sources.
Storing data in usable form.
Analyzing the huge data becomes difficult sometimes
Data curation,
search, sharing, transfer, visualization, querying,
updating and information privacy.
Threats
Privacy breach.
Faulty analysis due to intrusion of garbage data.
If not handled properly data cleaning will be yet another
add on work.
THANK
YOU