What is Big Data?

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What is Big Data - only examples - iPresso education series. iPresso Academy presents

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What is Big Data?

  1. 1. What is Big Data? Focus on strategy and ideas, iPresso will take care the rest.
  2. 2. Imagine a car that can analyze data about road conditions by itself.
  3. 3. It knows the degree of the exploitation of its individual components...
  4. 4. …It records driver’s heart rate and breathing frequency...
  5. 5. It collects data on its speed and acceleration.
  6. 6. This information allows to increase driving safety ...
  7. 7. ... avoid an accident...
  8. 8. ... bypass traffic jams.
  9. 9. Those cars are not a dream. Automotive companies have started to produce them..
  10. 10. Innovative technology which makes it possible is called
  11. 11. It is a rapidly growing method of data analysis, which is used in business, local government and politics.
  12. 12. How to define Big Data? This term refers to the collection of data, which, due to its large-scale, can not be analyzed by using traditional tools.
  13. 13. As defined by Forrester the Big Data consists of four dimensions - the so-called 4V: • volume - amount of the data • variety - variety of the data • velocity - rate of incoming new information and analysis • value - value of the data
  14. 14. Volume Volume Big Data applies to large datasets (measured in terabytes or petabytes).
  15. 15. Variety These data come from different sources, which may be inconsistent with each other.
  16. 16. Velocity Data analysis is carried out in time close to real.
  17. 17. Value From the whole mass of irrelevant information Big Data extracts the most important.
  18. 18. Thus Big Data analyzes variety of essential information stored in different datasets.
  19. 19. The result is the knowledge, which allows to take the best possible decision.
  20. 20. An example of this technology is The New York City, where mayor Mike Bloomberg has set up an entity to deal with Big Data.
  21. 21. The New York City gathers plenty of diverse information about the city:
  22. 22. ... number of buildings, their condition and type of business...
  23. 23. ...wi-fi hot-spots locations...
  24. 24. ... the number of crimes in different areas...
  25. 25. ... population in a given area and its ethnicity...
  26. 26. ... taxes paid by them and schools their children go to.
  27. 27. All the information (and a plenty of other) is contained in many different, inconsistent data sets.
  28. 28. The use of Big Data - by combining information and analysis - allows to draw conclusions.
  29. 29. As a result, the detection rate of illegal tobacco selling shops doubled …
  30. 30. … the process of removing trees damaged by Hurricane Sandy was accelerated …
  31. 31. … building inspectors were sent to places where there was a high probability of fires.
  32. 32. Big data makes administration of the city more effective and efficient. And what are the benefits in other areas?
  33. 33. In finance: minimizing the risk of the loan.
  34. 34. In marketing: better identification of needs.
  35. 35. In politics: helps to achieve electoral aims. Barack Obama also uses it.
  36. 36. Thus the applicability of the data is so extensive.
  37. 37. According to IDC forecasts, Big Data market will grow from $ 3.2 billion in 2010 to 16.9 billion in 2015.
  38. 38. If these predictions come true, Big Data will become a true technology of the future.
  39. 39. iPresso.com

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