Introduction To Business Analytics
Introduction To Business Analytics
Outline
Big Data Drivers
Challenges of Analytics
Types of Business Analytics
Benefits of Business Analytics
Careers in Big data Analytics
Benefits of Big data Analytics
What’s driving Big Data
3
The Big-Data Challenge
“Everywhere you look, the quantity of
information in the world is soaring.
Merely keeping up with this flood, and
storing the bits that might be useful, is
difficult enough. Analyzing it, to spot
patterns and extract useful information,
is harder still.”
The Economist; “The Data Deluge”; 2/10/2010
Gartner says:
• “The Big Data Challenge Involves More
Than Just Managing Volumes of Data”
• “The real issue is making sense out of
the data and (…) helping
organizations make better
decisions.”
Definition of Insights
6
Predictive Analytics
Prescriptive Analytics
Big problem: understanding the output
What Technology Do We Have
For Big Data ??
20
22
Why Hadoop is able to compete?
24
Database
vs.
Commodity inexpensive
hardware
What is Hadoop
25