Big data is an interesting subject to analyze as it is the future of businesses, the way managers approach business situations and how they should market their products to the customers.
2. Big Data Solves a Big Problem
“You can’t manage what
you don’t measure.”
Explosion of digital data
is so important.
3. The Amazon Story
Industry
Transformation
Big Data
When people began buying books online, it became possible
to track what other products they looked at and how much they
were influenced by promotions.
5. What’s Different About Big Data?
VOLUME VELOCITY VARIETY
But big data has three
distinct characteristics
6. Volume
Massive data sets
What’s Different About Big Data?
With big data, companies have a lot more information to work
with and a lot more to handle.
7. Velocity
By gathering information in real time, a company can be much more agile
than its competitors
What’s Different About Big Data?
8. Variety
What’s Different About Big Data?
Unlike information generated from traditional systems, much
of the data is unstructured and unwieldy to store and process.