BIG DATA -modern way to analysis

 

Big Data is a technology which is used to handle huge volume data extracted from various sources in a simpler way, moreover, it is consists of two categories one is Structured and another one is Unstructured. Big Data comes into existence because of day to day increment of data in bulk and traditional databases were unable to process that amount of data by using traditional databases and software. Big Data provides the capability to companies to process their huge amount of data at faster rate and take intelligent decisions for the betterment of their business.

Big Data is being used in almost every sector currently like Education, Healthcare, Government, Weather Forecasting, Transportation industry and many more. So Before understanding how Big Data is being used in these sectors and its benefits let us understand 3 V’s of Big Data.

3 V’s of Big Data

·       Volume: Provides information about the amount of data and type of it. It is an important factor to be considered while dealing with big data, as organizations mostly collects data from various sources, moreover, Volume lets the organization know about whether the data to be considered as big data or not.

·       Velocity: Velocity provides the information about the time taken to extract the data from different sources and how fast the data is being processed after extraction is completed.

·       Variety: Variety provides information about the type of data that is extracted, either the data is structured, unstructured or semi-structured. Data can be of many varieties like images, audios, videos, pdf, txt, excel, etc. so to process those data in a particular way variety plays a crucial role.

Importance of Big Data

Data has become a primary source for almost every organization but getting data is not all but utilizing that data in the right format.

·       Time and Cost Reduction: To extract a huge amount of data and then analyzing it would take much time and cost if done manually because you have to collect data from many sources one by one and that would be frustrating to humans, so there are many tools of Big Data which makes it easier as well as time and cost-saving.

·       Sentimental Analysis: By using big data tools an organization could know its reputation in the market by doing sentimental analysis on the extracted data from different sources. This process could be done by students too to learn about it, you can extract data from different sources and do the analysis for others. It is an interesting part of big data.

·       Product Development: By doing some analysis on the product reviews by using Big Data tools organizations could bring something new in the market for the betterment of the public and increase its profit.

There is much more importance of Big Data that you can extract from the internet after little research which is not so complex, the main focus over here was to make you all familiar with Big Data and let you know the importance and increasing demand for it in every sector. So do not waste your valuable time in deciding what to do in future, this could be a diligent step for your future.

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