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Big Data Analytics Transforming Data Into Insights

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8 views10 pages

Big Data Analytics Transforming Data Into Insights

Uploaded by

ranjithkumarnaidu1909
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Big Data

Analytics:
Transforming
Data into
Insights
Big Data Analytics is revolutionizing how businesses process
and utilize vast amounts of information. This presentation
explores its importance, features, and applications across
various industries.
What is Big Data?
Volume
Massive amounts of data exceeding traditional processing
capabilities.

Velocity
Rapid generation and collection of data challenging analysis.

Variety
Diverse data types including structured, semi-structured,
and unstructured formats.
The Big Data Revolution
1 1944
Fremont Rider predicts 'information explosion'
based on Yale Library observations.

2 2000
Francis Diebond links 'Big Data' to explosion in
data quantity.

3 2005
Yahoo uses Hadoop for petabyte-scale data
processing, marking revolution's start.
Importance of Big
Data Analytics
1 Ubiquitous Application
Used in online interactions, from e-commerce to social
media.

2 Real-time Insights
Enables fraud detection, competition analysis, and
consumer sentiment analysis.

3 Pattern Recognition
Leverages multiple data sources to identify complex
patterns.
Features of Big Data
Cost Reduction Faster Decisions New Products

Cloud-based analytics reduce Real-time analysis enables Analytics help businesses


storage costs and improve immediate, data-driven create products tailored to
operational efficiency. decision-making. customer needs.
Big Data Analytics Workflow
Business Case Evaluation
Define analysis objectives and reasons.

Data Identification and Filtering


Identify sources and remove corrupt data.

Data Extraction and Aggregation


Transform and integrate data for analysis.

Analysis and Visualization


Derive insights and create graphic representations.
Tools and Technologies

Hadoop NoSQL Tableau


Open-source framework for Non-relational databases for Data visualization tool for
distributed storage and handling diverse data types. creating interactive dashboards.
processing.
Industry Applications
Financial Sector Risk management, fraud
detection

Healthcare Patient care optimization,


disease prediction

Retail Personalized marketing,


inventory management

Government Smart city planning,


public safety
Challenges and Future Trends
1 Data Privacy 2 Skill Gap 3 AI Integration
Balancing analytics with Growing demand for Combining big data with
personal data protection. trained data analysts and artificial intelligence for
scientists. advanced insights.
Conclusion: The
Data-Driven Future
Big Data Analytics is transforming industries, driving
innovation, and shaping decision-making processes. As
technology evolves, the field promises even greater insights
and opportunities.

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