Technology is something that we are getting a lot of. Nowadays it doesn’t matter where you live; you are most likely to be using various technologies at the same time. Since we are talking about influential technology, it wouldn’t be fair for us not to mention Big Data. Though it’s quite an influential one, most of the people out there have no idea what does it mean, what purpose does it serve. Well, if you are amongst them, then we are glad to tell you that this is the right place you are looking at.
Being an app development company, we took the liberty to describe what it really is, just for the sake of your convenience. So, without any further ado, let’s jump right into it.
What Is Big Data?
The first thing that you need to know is that big data is relatively new which is also a reason why most of the people are unaware of it. Big Data is generally used to describe the massive volume of both structured and unstructured data that is too large to process using traditional techniques. So, in layman’s term, we can say that Big Data is just a huge pile of data.
Being somewhat of a new piece of technology, Big Data represents both the increasing amount and the varied types of data that is being collected. Now that data is being moved and becoming digitized, analysts, on the other hand, can use it as data. Services like social media, online music, videos, book, and an increased amount of sensors have all added up to the staggering increase in the amount of data that has become available for analysis.
You need to know that whatever you are doing on the internet is now getting stored and tracked as data. For instance, if you are reading a book online or on a kindle, data will be generated regarding the stuff that you are reading, the time you read it, and so on. Just like that, listening to music online is as same as that. In case you haven’t noticed yet, but your smartphone tends to upload data somewhat constantly about your location, what apps you are using, and how fast you are moving.
Big Data isn’t just about the huge amount of data; it is also about all the different types of data like sensor logs, customer transactions, text, video, etc.). Moreover, Big Data has four crucial aspects that are generally known as the 4Vs in the industry, which we are about to enlist:
Volume: the amount of data which is being generated every second.
Velocity: The speed at which the data is being transferred.
Variety: The different types of data that are being generated
Veracity: The unstructured nature of the data
Highly based upon the variety, speed, amount, and unstructured behavior of the data, we are now generating and storing, which instantly becomes unmanageable using traditional storing and analysis methods. At this point, Big Data becomes quite complicated as it often used to refer to the new technologies, tools, and processes that accommodate this vast amount of data.
Some Essential Big Data Terms
The only reasons why Big Data is considered to the most confusing piece of technology are the verity of terms latched on to it. Here we have given some of the popular terms that you need to look out for:
Amazon Web Services: It is a collection of cloud computing services that help businesses to manage large-scale computing operations without asking for storage or processing power in-house.
Cloud: Runs software on remote servers rather than locally
Algorithm: It is a mathematical formula that is run by software to analyze data
Data Scientist: That’s an individual who is expert in extracting insights and analysis from data.
Hadoop: it is a collection of programs that allow for the storage, retrieval, and analysis of large data sets.
IoT: It refers to such objects that collect, analyze, and transmit their own data.
Web Scraping: Refers to a process that automates the process of collecting and structuring of the data.
Structured Vs Unstructured: Structured data is something that can be organized, while unstructured data is referred to the data can’t.
Predictive Analytics: Carrying out analytics to predict trends or future trends.
Why Big Data Is So Famous?
This is something most people are concerned about, but the reason behind it is quite simple. The reason behind its success is its advancement in technology and infrastructure that allows processing, storing, and analysis of data that is in huge numbers. And as far as the computing power is concerned, you’d be surprised to know that it has been increased considerably in the past years while at the same time, we have seen an admissible drop in its price. Ever since its price has been dropped, it has become more accessible for businesses that are small or just starting out.
Why Do Businesses Need To Consider It?
It doesn’t matter whether we back in time or staying in the present, we all can admit to the fact that data has always been used by businesses to gain insights through analysis. With the emergence of Big Data, it has been made quite obvious that now it can be done on a much bigger scale, along with examining more and more factors at the same time.
By analyzing greater volumes of data, businesses can derive new insights with a greater degree of accuracy. If they care to do so, businesses can ensure improved performance and decision making within the organization.
Other than that, Big Data is being used extensively by businesses to outperform their competitors. If analytics has been done carefully, then there would great chances for businesses to grow, identify, and even predict new trends. If they care to learn how to use this data effectively, businesses can get greater transparency into their operations, predictions, profits, and sales.
Noteworthy Big Data Tools That You Need To Look At
Using big data to the best of its ability is something that seems to be quite an impossible task, but don’t worry because there are a number of tools which you can use to collect, store, analyze, and derive insight from Big Data. So, let’s enlist them together.
OpenRefine: This software helps in removing data which allows you to pre-process your data for analysis. OpenRefine is highly recommended for the time when you are analyzing unstructured data or combining multiple data sets into one.
WolframAlpha: It provides detailed responses to technical searches and is known for carrying out complex calculations.
io: It allows you to turn the unstructured data displayed on web pages into structured tables of data that can be accessed via API.
Tableau: This is a visualization tool that makes it easier to look at your data in new ways. Moreover, it allows you to quickly investigate a hypothesis to convince your audience.
Google Fusion Tables: This is a versatile tool that is used for data analysis, large data set, visualizations, and mapping.
So we are done, these are the things that all you had to know about Big Data. However, if you care to dive deep into the concept of Big Data, then feel free to come here again.
Are you planning on making an app that can help your business to grow? If that’s a yes, then make sure to contact Fluper. Being a top-rated mobile app app development company in chicago , its developers and team of technicians would be happy to help you out.