What is big data? What challenges does big data present to business? Provide an example of the use and benefit of Big Data.
What is big data? What challenges does big data present to business? Provide an example of the use and benefit of Big Data.
Big data means large amount of the data in this large amount of the data both structured and unstructured data comes .
Let us understand it with a very simple example whenever an individual uses the smart phone lot of data is being generated like we use text , calls ,audios, videos , photos emails , searches and the music approximately 40 exabytes of the data gets generated by every month by a single smart phone user .
Just imagine yourself that when this 4 exabytes of data being multiplied with the five million smart phones users that is a very large amount of the data for the traditional computers to handle and this massive and large amount of the data is called as the Big data .
This image shows how much data is being generated per minute .
How do we classify that the data is the big data there are 5'Vs by which we can classify it easily let us one by one .
- VOLUME : Many hospitals and the clinics give us the massive amount of the data they are the source of the massive amount of the data . Approximately 2314 exabytes of data is being collected from the hospitals annually .
- VELOCITY : The data which we get from the patients and there records and there test records are generated at the high speed this is known as the velocity .
- VARIETY : Variety refers to the type of the data . Data can be structured , semi-structured and unstructured like excel files ,log records and the x ray images .
- VERACITY : Accuracy and the trustworthiness is termed as the veracity of the data .
- VALUE : Analysis of this data will help us to reduce the disease and will help in better treatment and reduced costs this comes under the value .
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