Friday, 18 November 2016

Big data: changing the way businesses compete and operate

Big data will fundamentally change the way businesses compete and operate. Companies that invest in and successfully derive value from their data will have a distinct advantage over their competitors — a performance gap that will continue to grow as more relevant data is generated, emerging technologies and digital channels offer better acquisition and delivery mechanisms, and the technologies that enable faster, easier data analysis continue to develop.

What is big data?
Big data refers to the dynamic, large and disparate volumes of data being created by people, tools and machines. It requires new, innovative and scalable technology to collect, host and analytically process the vast amount of data gathered to derive real-time business insights that relate to consumers, risk, profit, performance, productivity management and enhanced shareholder value.
Big data includes information garnered from social media, data from internet-enabled devices (including smartphones and tablets), machine data, video and voice recordings, and the continued preservation and logging of structured and unstructured data. It is typically characterized by the four “V’s”:

Volume: the amount of data being created is vast compared to traditional data sources
Variety: data comes from different sources and is being created by machines as well as people
Velocity: data is being generated extremely fast — a process that never stops, even while we sleep

Veracity: big data is sourced from many different places, and as a result you need to test the veracity/quality of the data.



Organizations must understand what insights they need to make good strategic and operational decisions.
Asterix Solution is Organization which provide Big Data Hadoop Training in Mumbai to develop career of interested students in Big Data Hadoop. With the course Asterix Solution provides 3 months internship and 2 live project working experience.