2. • Organization need both reporting and
analysis to succeed in taming big data.
Reporting
• It is also called as Business Intelligence (BI)
environment.
• Users select reports they want to run, get
reports executed and view results.
• Reports contain tables, graphs, charts in any
combination.
3. The key factors that define a report
include
• It provides back to the user that data was asked
for.
• The data will be provided in a standardized
predefined format.
• No person involved in generating a report outside
of the user who requested the report through
reporting interface.
• Reports are fairly inflexible which is a complicated
report templates are created with a variety of
prompts and filters.
4. The key points that define an analysis
• Provide answer to the questions being asked.
• Analysis process takes any steps needed to
get the answers to those questions.
• It is customized to the specific questions being
addressed.
• It involves a person who guides the process.
• It is flexible.
6. MODERN DATA ANALYTICS TOOLS
• Statistical perspective is a modeling orientation.
• Basic statistical concepts include probability, sampling, inference,
intelligent data analysis such as cross validation and bootstrapping.
• Statistical model structures.
• Bayesian approach
• Support Vector Machine
• Time series
• Rule Induction
• Neural Network
• Probability, theories of inferential statistics, stochastic uncertainty,
fuzzy numbers.
• Stochastic search and optimization method includes simulated
annealing and genetic algorithms.
