What Is Big Data?: Examples of Big Data: Applications of Big Data in Real Life
What Is Big Data?: Examples of Big Data: Applications of Big Data in Real Life
1. Education Industry
2. Healthcare Industry
3. Government Sector
4. Media and Entertainment Industry
5. Transportation Industry
6. Banking Sector
7. Weather Patterns
Any data that can be stored, accessed and processed in the form of
fixed format is termed as a 'structured' data.
Unstructured
(ii) Variety – The next aspect of Big Data is its variety.Variety refers to
heterogeneous sources and the nature of data, both structured and
unstructured.
Access to social data from search engines and sites like facebook,
twitter are enabling organizations to fine tune their business strategies.
Product Development
Companies like Netflix and Procter & Gamble use big data to anticipate
customer demand. They build predictive models for new products and
services by classifying key attributes of past and current products or
services and modeling the relationship between those attributes and the
commercial success of the offerings.
Predictive Maintenance
Customer Experience
Machine Learning
Machine learning is a hot topic right now. And data—specifically big data
—is one of the reasons why. We are now able to teach machines
instead of program them. The availability of big data to train machine
learning models makes that possible.
Operational Efficiency
Operational efficiency may not always make the news, but it’s an area in
which big data is having the most impact. With big data, you can analyze
and assess production, customer feedback and returns, and other
factors to reduce outages and anticipate future demands.
Drive Innovation
Big data can help you innovate by studying interdependencies among
humans, institutions, entities, and process and then determining new
ways to use those insights.
Summary
Big Data is defined as data that is huge in size.