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Big Data Analysis

The document discusses big data analysis including traditional vs big data analytics, big data storage, applications of big data in business, manufacturing and biomedical industries, big data analysis in decision making, challenges in handling big data, and references related to big data analysis.

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Zahra Yugra
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162 views5 pages

Big Data Analysis

The document discusses big data analysis including traditional vs big data analytics, big data storage, applications of big data in business, manufacturing and biomedical industries, big data analysis in decision making, challenges in handling big data, and references related to big data analysis.

Uploaded by

Zahra Yugra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Zahra Yugra Aprilia

6020210098

Big Data Analysis

1. Introduction
The term “Big Data” refers to any set of data that is so large or so complex
that conventional applications are not adequate to process them. The term also refers
to the tools and technologies used to handle “Big Data”. Examples of Big Data
include the amount of data shared on the internet every day, YouTube videos viewed,
Twitter feeds, and mobile phone location data. In recent years, data produced by
learning environments have also started to get big enough raising the need for Big
Data technologies and tools to handle them.
The use of big data represents one of the qualifying marks of the
metamorphosis that is taking place in production processes. Among these studies, the
most notable are those carried by McKinsey & Company, Boston Consulting, and the
Milan Polytechnic Observatory. For instance, from their investigations, it can be
perceived that the fourth industrial revolution concentrates on the enactment of
fascinating essential technologies labeled as enablers. Furthermore, big data analysis
represents those techniques for the management of quite large measures of data,
accomplished by open methods that yield forecasts or prognostications.

2. Traditional Data VS Big Data Analytics


Traditional Analytics analyzes the known data terrain that too the data that is
well understood. The data that is loaded inside a data warehouse is well understood,
cleansed, and in line with the business metadata. The biggest advantages of Big Data
are that all tables and figures will be processed as images. You need to embed the
images in the paper itself. Please don’t send the images as separate files targeted at
unstructured data outside of traditional means of capturing the data. This means there
is no guarantee that the incoming data is well-formed and clean and devoid of any
errors. 
3. Big Data Storage
One of the first things organizations have to manage when dealing with big
data, is where and how this data will be stored once it is acquired. The traditional
methods of structured data storage and retrieval include relational databases, data
marts, and data warehouses. 

4. Application
Bussines Application
Business studies show that timely and effective use of data-driven knowledge
is a competitive advantage. Through a lot of structured and unstructured data,
enterprises use big data intelligent analysis technology to identify fraud risk, trends,
and patterns. Big Data can not only help companies solve problems, but also prevent
crime.

Manufacturing
As a traditional industry, manufacturing is also under attack due to the advent
of big data. Big data may push the next revolution in manufacturing—forecast
manufacturing. In order to become more competitive, manufacturers need to accept
emerging technologies, such as advanced analytics and physical networks, to improve
their efficiency and productivity based on a systematic approach. Big data can help
reduce defects and control costs during automated production. By tracking into every
detail of the product for each part, from manufacturer to store installation, data allows
manufacturers to track for better solutions. 
Biomedical Industry
Big Data is changing the biomedical industry by bringing benefits for human
beings. According to the McKinsey Global Institute, effective use of big data will
help the US health care sector save $300 billion per year in savings, reduce spending
by 8%. Big Data analysis can be applied to echocardiography, angiography, and
magnetic resonance imaging, or computed tomography to form cardiac imaging. Big
data imaging may also provide new insights into the disease, treatment, and
interventions. 
5. Big Data Analysis and Decision Making 
Customer Intelligence
Big data analytics holds much potential for customer intelligence, and can
highly benefit industries such as retail, banking, and telecommunications. Big data
can create transparency, and make relevant data more easily accessible to stakeholders
in a timely manner.

Supply Chain and Performance Management


As for supply chain management, big data analytics can be used to forecast
demand changes, and accordingly match their supply. This can increasingly benefit
the manufacturing, retail, as well as transport, and logistics industries. By analyzing
stock utilization and geospatial data on deliveries, organizations can automate
replenishment decisions, which will reduce lead times and minimize costs and delays,
as well as process interruptions. 

Quality Management and Improvement


Big data can be used for quality management, in order to increase profitability
and reduce costs by improving the quality of goods and services provided. For
example, in the manufacturing process, predictive analytics on big data can be used to
minimize the performance variability, as well as prevent quality issues by providing
early warning alerts.

Risk Management and Fraud Detection


Industries such as investment or retail banking, as well as insurance, can
benefit from big data analytics in the area of risk management. Since the evaluation
and bearing of risk is a critical aspect for the financial services sector, big data
analytics can help in selecting investments by analyzing the likelihood of gains
against the likelihood of losses.

6. Challenges in Handling Big Data


Storage
The amount of data generated through the internet every day is in the order of
exabytes. Though the data generated in education is not as large as all the data
generated through the internet, it is large enough and would get much larger in the
future.

Analysis
As data generated to several types of online learning sites differ in structure
and the size of the data is also huge, analysis of the data may consume a lot of time
and resources. To overcome this, scaled-out architectures are used to process the data
in a distributed manner. Data are split into smaller pieces and processed in a vast
number of computers available throughout the network and the processed data is
aggregated.

Reporting 
When a large amount of data is involved, traditional reports become difficult
to interpret by human beings. In those cases, the reports need to be represented in a
form that can be easily recognized by looking into them. 

7. Big Data: Big Concerns


Storing and retaining a large quantity of data was not economically feasible.
As a result, most event logs and other recorded computer activity were deleted after a
fixed retention period (e.g., 60 days). 
Performing analytics and complex queries on large, structured data sets were
inefficient because traditional tools did not leverage Big Data technologies. 
Traditional tools were not designed to analyze and manage unstructured data.
As a result, traditional tools had rigid, defined schemas. Big Data tools (e.g., Piglatin
scripts and regular expressions) can query data in flexible formats. 
Big Data systems use cluster computing infrastructures. As a result, the
systems are more reliable and available and provide guarantees that queries on the
systems are processed to completion.

References :

Das Srinivash, Buyun Umesh Chandra, Panda Bhavani Shankar, Patro Sambeet. 2016. Big
Data Analysis and Challenges. 6(5). 203-207.
Arena Fabio and Pau Giovanni. 2020. An overview of big data analysis. 9(4). 1646-1653.

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