This document provides an overview of big data including:
- It defines big data and discusses its key characteristics of volume, velocity, and variety.
- It describes sources of big data like social media, sensors, and user clickstreams. Tools for big data include Hadoop, MongoDB, and cloud computing.
- Applications of big data analytics include smarter healthcare, traffic control, and personalized marketing. Risks include privacy and high costs. Benefits include better decisions, opportunities for new businesses, and improved customer experiences.
- The future of big data is strong with worldwide revenues projected to grow from $5 billion in 2012 to over $50 billion in 2017, creating millions of new jobs for data scientists and analysts