Do you know what big data is? What is it for? Or what applications can it have in different sectors? These are the few key questions for those who want to start career in big data.
What is Big Data and what is it for?
Big Data refers to the data set or combinations of data sets, structured and unstructured, whose size, growth speed and complexity mean that their collection, management, processing and analysis cannot be carried out with conventional technologies.
Its complexity is due, in large part, to the unstructured nature of the data generated by modern technologies. Therefore, so that the full potential of Big Data can be squeezed, unstructured and structured data must be combined.
Also, for its definition, the 5V's that characterize it are usually used: volume, speed, veracity, variety and value.
Importance of Big Data:
According to the Big data training in Bangalore, Big Data can generate value to any industry through four ways:
Transparent information: Big Data makes the information transparent and its use relatively easy.
More accurate and detailed information: By creating and storing more transactional data digitally, thereby improving performance. There are companies that use the data collected and analyzed to conduct controlled experiments and thus improve business decisions.
Improves market and customer segmentation: In this way, more suitable products and services can be developed towards certain targets.
Reflective data analysis: Making decisions more accurate and intelligent.
What are the applications of Big Data?
Big Data has endless possibilities to exploit and in all sectors. But, when combined with the Internet of Things, an even wider range of opportunities to make decisions opens.
Here we are going to expose some sectors in which Big Data can bring great value.
Educational sector: With the use of this technology, students at risk can be identified, monitor the correct development of each student and implement a more satisfactory evaluation and support system adapted to the needs of the students.
Health sector: If the data generated is managed in an appropriate way, new options can be analyzed and discovered to improve patient care. In addition to being able to find and classify risk patients and allow preventive medicine to be applied.
Retail sector: As we have already said, Big Data can provide an improvement in the sales, communication and customer management channel of business. In this way, more satisfied consumers can be achieved.
Banking sector: Where new ways of managing large amounts of information are being sought, as well as minimizing risk and fraud.
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