C-1.1 Types of Digital Data
C-1.1 Types of Digital Data
Cons
• Requires expertise: Due to its undefined or non-formatted nature, data science expertise is
required to prepare and analyze unstructured data. This is beneficial to data analysts but
alienates unspecialized business users who might not fully understand specialized data
topics or how to utilize their data.
• Specialized tools: Specialized tools are required to manipulate unstructured data, which
limits product choices for data managers.
Unstructured data tools
• MongoDB: Uses flexible documents to process data for cross-platform
applications and services.
• DynamoDB: Delivers single-digit millisecond performance at any scale
through built-in security, in-memory caching and backup and restore.
• Hadoop: Provides distributed processing of large data sets using simple
programming models and no formatting requirements.
• Azure: Enables agile cloud computing for creating and managing apps
through Microsoft’s data centers.
Use cases for unstructured data
• Data mining: Enables businesses to use unstructured data to identify
consumer behavior, product sentiment and purchasing patterns to better
accommodate their customer base.
• Predictive data analytics: Alert businesses of important activity ahead of
time so they can properly plan and accordingly adjust to significant market
shifts.
• Chatbots: Perform text analysis to route customer questions to the
appropriate answer sources.
S.NO Structured Data Unstructured
Data
• Collecting information
• Gaining customer insight
• Fraud detection
• Threat mapping
Big Data in Banking Sector
With so many complex issues on the table today, governments have their work cut out
trying to make sense of all the information they receive and make vital decisions that
affect millions of people.