BigDataScope by Quantfarm (www. quantfarm.com)

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Big Data- A Real Thing

• Big Data is a Big Deal- Harvard University.
• Big Data Universe Beginning to Explode-CSC.
• Big data is not a trend It is a Reality -Forbes.
• Big Data has long got out of the initial hype
  and is now becoming an integral part of every
  organizations strategic direction.

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What exactly is BIG DATA?

• No single definition !!
• 2. Best way to describe it would be with 3 Vs
• Volume (Terabytes, Petabytes, Exabytes etc.)
• Variety (Structured, Unstructured,
  Semi-structured)
• Velocity (Millions of tweets, comments, likes,
  tags, shares-on facebook, per second)

3
Big Data is Everywhere !!

• -Web data, E-commerce
• -Purchases at Department/Grocery stores
• -Bank/Credit Card/Online transactions
• -Social Networks
• -Airplanes, Oil-liners, Telecommunications
• - You name an industry and we will tell you its
  Big Data applications !!

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Volume of data/Unit of time
A video surveillance generates 1-3TB data in 3
months
A commercial aircraft generates 3 GB of flight
sensor data in one hour.
Airtel or Vodafone generates 3 TB of call details
records everyday
An ERP system for an mid size company grows by
1-2 TB annually
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Industry and Verticals Use Cases
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Industry and Verticals Use Cases
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Conclusion

• Big Data is a paradigm-shift, once-in-a-life-tim
  e opportunity for everyone involved, both
  organizations and individuals.
• Since data (structured, semi-structured,
  unstructured) just accumulates every single day,
  Qualified Big Data professionals is and will
  be, for the foreseeable future, a big need of the
  industry.
• Corporations that can make the best use of this
  data to mine for rich insights will have a huge
  leading edge over their competitors.
• Governmental, Non-profit and Service
  organizations will be able to provide inclusive,
  value-added and timely services to those in need.
• The need of the hour is to build qualified Big
  Data Professionals from ground-up who can handle
  and make sense of the ever-accumulating data and
  convert it into useful insights and applications.