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Big Data – a Little Analysis         Chris Swan         @cpswan
Overview
Simple ProblemsLow data volume, simple algorithm(s)
Quant ProblemsAny data volume, complex algorithm(s)
Big Data ProblemsLarge data volume, simple algorithm(s)                      Types of Big Data Problem:                   ...
The good and bad of big dataGood  – Lots of new tools, mostly open sourceBad  – Term being abused by marketing departments...
Whoever thinks his problem is      solved by big data,doesn’t understand his problemand doesn’t understand big data   (Wit...
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Chris swan big data - a little analysis - cloud camp london 24.10.12

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Transcript of "Chris swan big data - a little analysis - cloud camp london 24.10.12"

  1. 1. Big Data – a Little Analysis Chris Swan @cpswan
  2. 2. Overview
  3. 3. Simple ProblemsLow data volume, simple algorithm(s)
  4. 4. Quant ProblemsAny data volume, complex algorithm(s)
  5. 5. Big Data ProblemsLarge data volume, simple algorithm(s) Types of Big Data Problem: 1. Inherent 2. More data gives better result than more complex algorithm
  6. 6. The good and bad of big dataGood – Lots of new tools, mostly open sourceBad – Term being abused by marketing departments – Can easily lead to over reliance on systems that lack transparency and ignore specific data points Computer says no, but nobody can explain why
  7. 7. Whoever thinks his problem is solved by big data,doesn’t understand his problemand doesn’t understand big data (With apologies to Roger Needham) Original blog post at is.gd/swbdla
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