Big Data
Big Data
Weather Station
Telecom company
Share Market
IMPORTANCE OF BIG DATA
Cost Savings
Time Reductions
Provide the tools for scouring the data through massive data
sets
CHARACTERISTICS OF BIG DATA PLATFORM
Data Processing
Data Analytics
Data Governance
Data Management
FEW EXAMPLES OF BIG DATA PLATFORMA
GCP-Google Cloud Platform
AWS (Amazon Web Services)
Microsoft Azure
Cloud Era
Apache Haddoop
Apache Spark
NEED OF DATA ANALYTICS
1. Improved Decision Making
2. Better Customer Service
3. Efficient Operations
4. Effective Marketing
TYPES OF DATA ANALYTICS
Descriptive: Descriptive analytics is when you assess historical data and try to
identify specific patterns. The main goal is to answer what happened and if it was
expected or not, making comparisons with other timeframes.
Diagnostic: When we know what’s going on, the next step is to understand why. So
you may have performed some descriptive analytics techniques and you were able
to identify that sales went up by 12%. Diagnostic analytics is there to help identify
why this happened and what actually worked for your business.
Predictive: Predictive analytics involves sophisticated techniques that can help you
use the patterns observed and make forecasts about future performance, e.g.,
financial data analytics. While this may require specific expertise, it’s extremely
useful in order to be better prepared for the future.
Prescriptive: Last but not least, prescriptive analytics techniques can help you
identify the best course of action. This type of analytics is frequently used by
marketers to draft their strategies and achieve better results.
MODERN DATA ANALYTIC TOOLS
Apache Hadoop:
It’s a Java-based open-source platform that is being used to store
and process big data. It is built on a cluster system that allows
the system to process data efficiently and let the data run
parallel. It can process both structured and unstructured data
from one server to multiple computers.
Cassandra