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Business analytics

BIG DATA

 Big data is a term that describes large, hard-to-manage volumes of data – both structured and unstructured – that inundate businesses on a day-to-day basis. ... Big data can be analyzed for insights that improve decisions and give confidence for making strategic business moves


How big data works

Big data gives you new insights that open up new opportunities and business models. Getting started involves three key actions:

1.  Integrate
Big data brings together data from many disparate sources and applications. Traditional data integration mechanisms, such as extract, transform, and load (ETL) generally aren’t up to the task. It requires new strategies and technologies to analyze big data sets at terabyte, or even petabyte, scale.

During integration, you need to bring in the data, process it, and make sure it’s formatted and available in a form that your business analysts can get started with.

2.  Manage
Big data requires storage. Your storage solution can be in the cloud, on premises, or both. You can store your data in any form you want and bring your desired processing requirements and necessary process engines to those data sets on an on-demand basis. Many people choose their storage solution according to where their data is currently residing. The cloud is gradually gaining popularity because it supports your current compute requirements and enables you to spin up resources as needed.

3.  Analyze
Your investment in big data pays off when you analyze and act on your data. Get new clarity with a visual analysis of your varied data sets. Explore the data further to make new discoveries. Share your findings with others. Build data models with machine learning and artificial intelligence. Put your data to work.



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