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2. Big data refers to extremely large and complex sets of data that require
advanced technologies and techniques to analyze and draw insights from. It
encompasses a wide range of data sources, including structured,
unstructured, and semi-structured data from various sources such as social
media, sensors, and machine-generated data. The main characteristics of big
data are commonly described using the "3 Vs": volume, velocity, and variety.
Big Data Defined
3. The Three Vs
of Big Data
Velocity: Represents the
speed at which data is
generated and processed.
Variety: Encompasses the
diverse types and sources of
data available.
Volume: Refers to the
vast amount of data
generated daily.
4. The History of
Big Data
Big Data emerged as a concept in
the early 2000s. It grew alongside
technological advancements, such
as increased computing power
and storage capabilities. Today, it
plays a crucial role in various
industries, transforming decision-
making processes and enabling
data-driven insights.
5. Big Data
Benefits
Data-driven insights: Big Data enables
businesses to extract valuable insights
and make informed decisions based on
extensive analysis.
Enhanced efficiency: Utilizing Big Data
can streamline processes, optimize
operations, and improve overall
productivity within organizations.
6. Big Data Use Cases
Market research and analysis for identifying
customer preferences and trends.
Customer feedback analysis to improve product
features and usability.
Predictive analytics to anticipate demand and
optimize production and inventory management.
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Product Development
7. Predictive maintenance leverages big data to
analyze equipment performance, detect patterns,
and predict potential failures. It helps reduce
downtime, optimize maintenance schedules, and
increase operational efficiency, saving costs for
industries like manufacturing and transportation.
Predictive Maintenance
8. Personalized recommendations based on customer
preferences and purchase history.
Sentiment analysis to understand customer feedback
and improve satisfaction.
Real-time customer support and chatbots for instant
assistance and problem resolution.
Predictive analytics for targeted marketing campaigns
and customer segmentation.
Data-driven product development and enhancements
based on customer insights.
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Customer Experience
9. Big Data Challenges
Data Overload: Dealing with the sheer
volume and complexity of data generated.
Data Quality: Ensuring accuracy, reliability,
and consistency of the collected data.
Privacy and Security: Safeguarding
sensitive information and addressing
potential breaches and privacy concerns.
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10. Big Data Best Practices
Align with the cloud
operating model
Plan your discovery lab
for performance
Embrace scalability and
elasticity for efficient data
storage and processing.
Implement robust security
measures to protect
sensitive data assets.
Adopt a data governance
framework to ensure quality
and reliability.
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Set clear goals and
objectives for your big data
project.
Define and prioritize data
sources based on their
relevance.
Develop a scalable
infrastructure to handle
large data volumes.
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