What is Big Data?
It is a term which refers to an enormous amount of data ranging from Terabytes to even Exabyte and more. Data is allowed to be of any type such as Structured, Un-Structured or even Semi-Structured. Data warehouses are used to store the data and slowly the Organizations are making use of the cloud technology to migrate their data to save huge investments made up-front for expensive hardware.
The most important thing here is what the Organizations do with these data available? With fast-growing technologies, it is a nightmare for companies to derive meaningful insights from data generated on a day-to-day basis. With the introduction of big data concept, an organization collects data from various externals sources such as mobile devices, social media feeds, measuring instruments, forecast reports, IoT devices, relational database servers, and several other sources. These data can be formatted, manipulated and analyzed in a better way to provide solutions to business problems, gain knowledge about the customer trend, sentimental analysis on people, increase revenue and an increase in operational performance.
Understanding the V’s of Big Data
Handling and processing a large amount of data is a common problem. It makes use of other technologies such as Hadoop, Apache Spark, and HDFS to perform the tasks at ease.
Organizations collect data at high speed to process instant outcomes. It can cope up with this to provide seamless processing and results. Stock exchanges and Weather reports are some of the real-time examples.
The set of data with a preset format, derived from a relational database. For example, an employee’s salary sheet with a predefined schema of things.
These are random data without proper format or alignment. They require more processing time. Examples include Google searches, social media polls, Video streams.
It is a combination of both Structured and Unstructured data. They have a proper structure yet lack the definition required.
How Is Work Made Easier?
Before this came into existence, linear and a line-by-line analysis was done on the data available. Later with the introduction of computer life was made easy with Excel spreadsheets. The users needed to tabulate the different record and perform the required study to derive a meaningful report. It was a game changer in many different ways. Extensive data sets up to terabyte can be processed and analyzed. Complex queries and algorithms are applied. Reports are generated with a better outcome with almost zero failures. All these in a matter of minutes to hours depending on the size of data fed.
It is employed in a wide variety of domains such as Manufacturing, Healthcare, Energy, Insurance, Sports, etc. Some of the top companies are listed below:
- HP enterprise
There are various third-party tools as listed below, available to perform the analysis on the data that is available from sources. They are capable of performing as Standalone and with a collaboration of other components too.
- Map Reduce
- Apache Spark/Storm
- Google Big Query
- Amazon Kinesis
- Management can take better decisions.
- To recognize the trends of customer needs and stay relevant.
- Low-risk outcomes.
- Decision Validation
- Target audience is identified.
Working with Big Data
With the help of third-party tools such as Hadoop, Spark we can load large data sets on to external storage. The data is processed based on the humanly written queries. The business intelligence team makes use of these reports to understand the predictive pattern and rectify previous mistakes. The data can be visualized to make useful decisions.
- Business objectives can be understood completely.
- Learn the meaning behind numbers.
- Analyze the root causes of previous failures.
- Insights on future outcomes using easy-to-understand language
- Contribute to making perfect decisions.
There are no pre-requisites for using its tools. Basic knowledge of programming languages such as Java or Python would be helpful. Understanding how databases work and primal queries are sufficient. There are other High-level languages such as Spark, Pig that are easy to learn and use. The User should be technically sound in the way of using these to get the desired output.
Why Big Data is Used?
It is used to improve the applications and services to provide better outcomes. Various cost-efficient solutions can be derived. With the rapidly changing environment, it is essential to understand customer demands.
Data is never getting old fashioned and with the cutting edge technologies, it is increasing exponentially. There is a huge requirement for professionals in the field of Big Data. It is evolving with huge potential for growth. Data Analysts become the decision-makers of the companies with proper usage of these technologies.
Need For Big Data
Nowadays data come in different forms. Many of the analytical solutions were not possible in the past due to the cost of implementation and lack of professionals. With this, we are capable of performing complex algorithms on machine data within a time interval. These have many real-time use cases such as fraud-detection, targeting audience on a global platform, web advertising, etc.
Organizations which make use of its components to achieve the following:
- Predict future trends and behavior patterns of customers
- Analyze, understand and present data in useful ways
- To keep up with competitors and stay relevant in the market
- Make powerful decisions
With growing demand and competition it is essential for a professional to remain updated. By efficiently using both the individual and the Organisation can gain in several ways. The analysts get a better understanding of the industry, conveying the same to the workers. A decision can be made based on reports rather than relying on guesses and intuitions.
This has been a guide on what is Big Data Analytics. Here we discussed the working, required skills, scope, career growth, advantages and top companies that implement this technology. You can also go through our other suggested articles to learn more –