Big data, As the name indicates – it’s a term which describes the large volume of data. It can be both structured as well as unstructured – that inundates a business on a day-to-day basis
This concept is not very new. This concept arose in the early 2000s but gained the momentum in later years when the industry analyst Doug Laney articulated the mainstream definition of big data as the three Vs – Volume, Velocity & Variety.
Big Data is continuing to evolve and is reconsidered to be the driving force behind many ongoing waves of digital transformation, including artificial intelligence, data science and the Internet of Things (IoT).
The Key Insights:
The Organizations collect the data from various sources, including business transactions, social media, and information from sensor or machine-to-machine data.
The Data streams at an unprecedented speed and is dealt with in a timely manner.
Data comes in all types of formats such as structured, unstructured text documents, email, messages, video, audio, stock ticker data and financial transactions.
The Recent advancements in Big data are:
- Big Data helps in prevention & Cure of Cancer.
- Explore & Survey far away planets.
- Helps in prevention of Crime.
- Respond to Disasters.
The importance of Big Data doesn’t revolve around how much data you have, but what you do with the amount of data. It works on the principle that the more you know about anything or any situation, you can gain new insights and make predictions about what can happen in the future. You can pick the data from any source, it can be structured or unstructured, and analyze it to find answers that enable
1) cost reductions
2) time reductions
3) new product development and optimized offerings
4) smart decision making.
Big data is used by all sectors such as banking, education, government, health care, manufacturing & much more.
Presently, we have a huge amount of data & in the next coming years and also in future, the amount of data available to us is only going to increase, likewise, the analytics technology will also become more capable. So, if Big Data is capable of all of this today, You can just imagine what will be the capability of Big data tomorrow.
We, here in Infochola uses high class updated technologies for any kind of services in order to customer’s business goals and keep up their business standards. Our approach towards any task is unique, different & 100% customer goal oriented.