Impact and Scope of Big Data - PowerPoint PPT Presentation

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Impact and Scope of Big Data

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Big data concept is not new to us, but actually we have been living with it for quite some time. Now the actual dare is to refine the raw data and analyse it, and from the outline of data information make up a story based on it. For instance, we have been making use of map reduce based framework for operating, but this doesn’t help much as this is hard disk based processor. Big data is a collection of data from various sources ranging from well-defined to loosely defined, derived from human or machine sources. There are yet other frameworks that are memory based and processes vast data in the flashing speed of light. – PowerPoint PPT presentation

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Title: Impact and Scope of Big Data


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Highlights
  • Prominent player in Internet of Things and Data
    solutions
  • Strong presence in North America, and the
    Asia-Pacific region
  • We help SMEs to Fortune 500 firms take advantage
    of the latest technologies

About Dash Technologies
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(No Transcript)
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Dash Offerings
THE ONE-STOP SHOP FOR ALL YOUR IT NEEDS
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Digital Marketing Services
END-TO-END DIGITAL SERVICES FOR YOUR BUSINESS
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Dash Mobile Services
END-TO-END SERVICES WHEN IT COMES TO MOBILITY
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Technologies we work on
WE DONT WORK ON EVERY TECHNOLOGY UNDER THE SUN,
BUT WE COME PRETTY CLOSE
and of course, more
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Full-Stack Emerging-Tech
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Full-Stack Technology Capabilities
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Impact and scope of Big data
  • Can you imagine how much data we create on daily
    basis? Just take into count a normal routine day,
    starting from your wake up time, where you work,
    and when you come back, relax and sleep. This
    cycle that seems unavoidable and very regular
    generates gigabytes of
  • data that almost none pays attention to.
  • One wakes up and begins with checking for new
    emails and their social media profiles for latest
    updates. One shares or hires a taxi to his
    workplace. Going online during the travel and
    browsing video hosting websites like Netflix,
    YouTube or other on the move.
  • Reach your work place and punch your card on the
    attendance machine, pick a conversation about
    vacations destinations. Coming home right away
    you check out for holidays packages online. You
    come across your colleague buying a brand-new
    watch, and again you go online to check for new
    deals, and create your wish list to buy later.
    Now you start feeling hungry, and make an order
    for food online. By the time your food arrives
    you check balance in your bank account and make a
    booking online for a movie ticket at the weekend
    and the list continues.
  • Individually we generate huge amounts of
    data every single day.

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  • As mentioned earlier on how data has become an
    essential part of our everyday routines, and now
    you would wonder how companies use these to
    provide countless services all focused on
    consumers.
  • Big data is an enormous of amount of data that is
    generated by linked technologies. It is nothing
    but a huge pile of unstructured, semi-structured
    and structured data that is used to examine to
    acquire valuable informations regarding business
    developments. Big data is a tool that makes
    operations, marketing and advertising efforts
    more productive as defined by the business
    world.
  • At present a budding term, big data is explained
    as a large quantity of raw data with a potential
    to advanced analytical applications. Big data is
    mostly characterized by the 3Vs namely the
    tremendous volume of data information, the
    extensive variety of data types available and
    the velocity at what the data need to be
    processed.
  • Big data covers a large mixture of data types,
    including unstructured data, like text and
    document files kept in NoSQL, systems or Hadoop
    clusters, and semi-structured data, as in web
    server logs or streaming data from sensors, and
    structured data as in data warehouses
    and SQL databases. Furthermore, big data even
    comprises of multiple and synchronized data
    resources that may yet to be integrated. Lets
    take for example if a big data analytics project
    is attempting to estimate a products success and
    future sales prospects as done by comparing the
    past sales data, sales return data and online
    buyer review data of that product.

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Scope of Big data and Trends Expected
  • Generally big data environments exceed both
    relational databases and traditional data
    warehouses to integrate technologies that are
    suitable for processing and storing
    non-exchangeable forms of data. The growing
    attention on accumulating and scrutinizing big
    data is determining a new platform that merges
    the traditional data warehouse along with big
    data structures in a logical data warehousing
    architecture. As an element of the decision
    process, it is required to divide the data based
    on the requirement for compliance reasons, how
    much data should be disposed of and how much data
    should be kept and analyzed with the aim of
    improving existing business processes and giving
    the business a competitive edge. Hence the
    decision process needs cautious  classification of
    data so that finally small sets of data can be
    examined quickly and effectively.
  • Today organizations may it be big or small are
    becoming more and more aware of the importance of
    data and the total impact it can have on to
    organizations. So the organizations are starting
    to invest in Big Data, and its related
    technologies to make up to date decisions.
    Starting from optimizing workflow and
    supply-chain management systems to enhancing
    consumer experiences and keeping up with
    depletion, companies are choosing to analyzed
    data for every decision. In reality, a matter as
    simple as purchasing a coffee machine for the
    cafeteria is even data-driven. For all these
    reasons, it is ensured that the future of Big
    Data appears to be strong and unquestionable.

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Scope of Big data and Trends Expected
  • Dark Data
  • As foreseen the primary occurrences of big data
    future trends is the surfacing of dark data. Now
    it is a well-known reality that the combination
    of digital data and its performance during the
    analytics has been gathering gigantic rewards to
    businesses and their brands throughout the world.
    To match this technology in the future, dark data
    will pave its way further and symbolize the
    future of big data in future years or may be
    months.
  • Simply said, dark data denotes the data collected
    from non-digital sources along with digital data
    thats been degraded due to its value by
    analytics experts. The data sets are generally
    untouched, unstructured and unaccounted and are
    even referred to as dusty data. The Big Data
    future scope forecasts that such data sets will
    gain attention by this year and this will
    additionally revolutionize the technology to
    advance.

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New Job Roles
  • With the increasing complexity in technology and
    its incorporation with other technologies, the
    industry continues to develop and requires
    specialized experts for specific job roles and
    responsibilities.
  • For example, programmer coders will have to
    necessarily upgrade their skills to Big Data
    analytics and managers will have to necessarily
    upgrade their skills to business intelligence and
    familiarize themselves with skills to work with
    data for business and career progress. As this
    segment of IT has recently exploded, and the
    major expansion after the big bang is yet to take
    place.

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Privacy
  • One of the major drawbacks of this technology is
    privacy ad as it continues to remain it is
    noteworthy to keep in mind that in a very shot
    while a permanent remedy is sure to hit the
    market as a resolution to this. At present, it is
    difficult to understand how the data generated is
    used and shared amongst the companies and as for
    the big data Hadoop future is concerned it is
    destined to reduce or rejected.
  • Major companies globally will rise up to this
    forth coming challenge and will search for
    actions on the legal scenarios. New and related
    policies will be composed, and laws will be
    modified accordingly for data consumption and
    analytics, making a way to a safer ecosystem for
    customers who generate the majority of the data.

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The Volume of Data Generated Will Continue to
Increase
  • The only promising things about big
    data Hadoop future is that the volume of data
    generated per day will only continually increase.
    Currently the data generated is approximately 2.3
    trillion gigabytes daily, and this will just keep
    growing in the future. If you have observed,
    there are devices like the smartwatches, smart
    wearable techs and smart televisions, in the
    market that additionally collect consumers data,
    allowing the scope for simply enormous generation
    of data.

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Big Data and its Integration with Other
Technologies
  • As previously mentioned, the future of big data
    is clear and unchangeable. If noticed,
    technologies like Machine Learning, artificial
    intelligence, IoT, and alike are slowly entering
    our daily lives. The backbone of all these is Big
    Data seated in a strong and authoritative
    position.
  • The devices linked and are sending messages to
    each other via a connected network for sharing
    and generating data you input, and the structured
    algorithms learning patterns are processing
    information from the data generated. A plain
    example of the Internet of Things is the smart
    television that is connected to ones home
    network that is generating data on the viewing
    patterns, interests and other details.
  • Also if the social apps are installed, it is
    taking into account the personal preferences and
    tastes and collectively works on characters like
    yours to deliver better online content and
    streaming selections. You would be shocked to
    know that the huge blockbuster House of Cards was
    the outcome of Big Data analytics!

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Big Data by the year 2020
  • The data industry has been developing ever since
    its foundation and is moving other industries and
    companies for their advancement. With its
    continuous impact on companies, the future of big
    data concerning its market share and investment
    globally is just expected to grow many times by
    the time we reach 2020.
  • The estimates revealed that the international
    market share of the big data and its associated
    technology is likely to reach roughly about 57
    billion by the 2020. The US is the first in the
    race by generating, consuming and deploying the
    data and next in this technology run is our
    India. Research analysts even publicized that
    India will grow and become a 8 billion industry
    by the year 2020, creating a demand for more than
    50,000 skilled Big Data experts and Data
    scientists.

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  • In the next few months, IT professionals will
    exchange their current career course to a
    lucrative career in Big Data and take along big
    fat salaries as compared to an average IT
    professional and will enjoy a great work-life
    balance as well.
  • The industry will continue to progress with
    regards to innovative applications and the fields
    and areas that operated traditionally till date
    will alternatively be taken as data for
    decisions. One of the classic examples is of HR
    analytics, wherein HR associates are upgrading to
    Big Data analytics for effective decisions on
    recruitment, wage differences, appraisals,
    retrenchment and budgeting.
  • We, at Dash Technologies, anticipate a world that
    is purely data-driven and consumers and experts
    are creating a world that will be instinctive,
    smart, responsible and responsive. And so if you
    have the same vision as ours, it is time you
    shift to Big Data as you know, the future of big
    data is strong and the technology here is to
    continue forever.

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