SlideShare ist ein Scribd-Unternehmen logo
1 von 20
Downloaden Sie, um offline zu lesen
Data Analytics
Shivam Singh
Emergence of Data Analytics
• Traditionally business managers were making decisions based on past
experiences or rules of thumb, or there were other qualitative
aspects to decision making
• Analytics began to command more awareness in the late 1960s when
computers had started playing a dominating role as organizations’
decision support systems.
• Development of data warehouses and enterprise resource planning
(ERP) systems.
• The business managers and leaders considered data and relied on ad
hoc analysis to affirm their experience/knowledge based assumptions
for daily and critical business decisions.
Data Analytics
• It is a process of inspecting, cleaning, transforming, and modeling
data with the goal of discovering useful information, suggesting
conclusions, and supporting decision making.
• Also known as Business Analytics
• Widely used in many industries to allow companies/organization to
use the science of examining raw data with the purpose of drawing
conclusions about that information and make better business
decisions.
Types of Data Analytics
1. Descriptive Analytics
2. Diagnostic Analytics
3. Predictive Analytics
4. Prescriptive Analytics
Descriptive Analytics
• Any activity or method that helps us to describe or summarize raw
data into something interpretable by humans can be termed
‘Descriptive Analytics’.
• These are useful because they allow us to learn from past behaviors,
and understand how they might influence future outcomes.
• Eg- company’s business intelligence reports
• The statistics such as arithmetic operation of count, min, max, sum,
average, percentage, and percent change, etc., fall into this category.
• provide historical hindsights regarding the company’s
• production, operations, sales, revenue, financials, inventory,
customers, and market share.
Diagnostic Analytics
• It focuses on determining the factors and events that contributed to
the outcome.
• Characterized by techniques such as drilldown, data discovery, data
mining, correlations, and causation.
• Eg- assume a retail company’s hardlines sales performance is not up
to the mark in certain stores and the product line manager would like
to understand the root cause.
• To accomplish this there is not a clearly defined set of ordered steps
defined, and it depends on the experience level and thinking style of
the person carrying out the analysis.
Predictive Analytics
• It is the ability to make predictions or estimations of likelihoods about
unknown future events based on the past or historic patterns.
• It uses many techniques from data mining, statistics, modeling,
machine learning, and artificial intelligence to analyze current data to
make predictions about the future.
• Machine learning is heavily focused on predictive analytics, where we
combine historical data from different sources such as organizational
ERP, CRM, POS, Employees data, Market research data to identify
patterns and apply statistical model/algorithms to capture the
relationship between various data sets and further predict the
likelihood of an event.
Prescriptive Analytics
• It is the area of data or business analytics dedicated to finding the
best course of action for a given situation.
• The endeavor of prescriptive analytics is to measure the future
decision’s effect to enable the decision makers to foresee the
possible outcomes before the actual decisions are made.
• Eg- Using simulation in design situations to help users identify system
behaviors under different configurations, and ensuring that all key
performance metrics are
• Eg- Use linear or nonlinear programming to identify the best outcome
for a business, given constraints, and objective function.
Data Analysis Packages
• NumPy
• SciPy
• Matplotlib
• Pandas
Natural Language Processing
• The majority of activities performed by humans are done through
language, whether communicated directly or reported using natural
language.
• By combining the power of artificial intelligence, computational
linguistics and computer science, Natural Language Processing (NLP)
helps machines “read” text by simulating the human ability to
understand language.
Steps
Level 1 – Speech sound (Phonetics & Phonology)
Level 2 – Words & their forms (Morphology, Lexicon)
Level 3 – Structure of sentences (Syntax, Parsing)
Level 4 – Meaning of sentences (Semantics)
Level 5 – Meaning in context & for a purpose (Pragmatics)
Level 6 – Connected sentence processing in a larger body of text
(Discourse)
Applications
• Machine Translation
• Fighting Spam
• Information Extraction
• Summarization
• Question Answering
Big Data
• Big data analytics examines large amounts of data to uncover
hidden patterns, correlations and other insights.
• With today’s technology, it’s possible to analyze your data and get
answers from it almost immediately – an effort that’s slower and
less efficient with more traditional business intelligence solutions.
Big Data Analytics vs Data Mining
• Data mining relates to the process of going through large sets of
data to identify relevant or pertinent information.
• The term Big Data can be defined simply as large data sets that
outgrow simple databases and data handling architectures.
• However, decision makers need access to smaller, more specific
pieces of data and use data mining to identify specific data that may
help their businesses make better leadership and management
decisions.
Benefits of data analytics in IoT
• Smart Metering
• A smart meter is a device that electronically records consumption of
electric energy data between the meter and the control system.
• Smart Transportation
• Improve existing traffic systems in which vehicles can effectively
communicate with one another in a systematic manner without human
intervention.
• Smart Supply Chains
• Embedded sensor technologies can communicate bidirectionally and
provide remote accessibility
• The captured data are used by on-and off-site technicians to run
diagnostics and repair options to make appropriate decisions
Benefits of data analytics in IoT
• Smart Grid
• The smart grid is a new generation of power grid in which managing and
distributing electricity between suppliers and consumers is upgraded using
two-way communication technologies and computing capabilities to
improve reliability, safety, efficiency with real-time control, and monitoring
• Smart Traffic Light System
• The smart traffic light system consists of nodes that locally interact with IoT
sensors and devices to detect the presence of vehicles, bikers, and
pedestrians.
• These nodes communicate with neighboring traffic lights to measure the
speed and distance of approaching transportation means and manage
green traffic signals
Big Data Mining Issues in IoT
• Increasingly Large Volumes of Data
• By 2020 the digital universe – the data we create and copy annually – will
reach 44 zettabytes
• Data Sets Aren’t Homogenous
• Data is curated from many different sources in multiple formats, such as
web documents, CSV sheets, and SQL tables.
• Integrity of Different Sources
• Each system may use its own methodology to develop data, which will
always introduce some level of uncertainty.
• Need for Real-Time Analysis
Smart Agriculture
• A variety of external parameters belonging to different domains
(e.g. weather conditions, regulations etc.) have a major influence
over the food supply chain
• Agri-IoT can integrate multiple cross-domain data streams,
providing a complete semantic processing pipeline, offering a
common framework for smart farming applications.
• Agri-IoT supports large-scale data analytics and event detection,
ensuring seamless interoperability among sensors, services,
processes, operations, farmers and other relevant actors, including
online information sources and linked open datasets and streams
available on the Web.
IoT Architecture for Big Data Analytics

Weitere ähnliche Inhalte

Was ist angesagt?

Business analytics and data mining
Business analytics and data miningBusiness analytics and data mining
Business analytics and data miningHoang Nguyen
 
The Business Analytics Value Proposition
The Business Analytics Value PropositionThe Business Analytics Value Proposition
The Business Analytics Value PropositionEric Stephens
 
Introduction to Business Analytics Part 1
Introduction to Business Analytics Part 1Introduction to Business Analytics Part 1
Introduction to Business Analytics Part 1Beamsync
 
PoT - probeer de mogelijkheden van datamining zelf uit 30-10-2014
PoT - probeer de mogelijkheden van datamining zelf uit 30-10-2014PoT - probeer de mogelijkheden van datamining zelf uit 30-10-2014
PoT - probeer de mogelijkheden van datamining zelf uit 30-10-2014Daniel Westzaan
 
Data quality overview
Data quality overviewData quality overview
Data quality overviewAlex Meadows
 
Big data
Big dataBig data
Big data26Nia
 
Importance of data analytics for business
Importance of data analytics for businessImportance of data analytics for business
Importance of data analytics for businessBranliticSocial
 
An Introduction to Advanced analytics and data mining
An Introduction to Advanced analytics and data miningAn Introduction to Advanced analytics and data mining
An Introduction to Advanced analytics and data miningBarry Leventhal
 
Key Principles Of Data Mining
Key Principles Of Data MiningKey Principles Of Data Mining
Key Principles Of Data Miningtobiemuir
 
AWC Career Bootcamp- August 21, 2013
AWC Career Bootcamp- August 21, 2013AWC Career Bootcamp- August 21, 2013
AWC Career Bootcamp- August 21, 2013Patricia A Gilson
 
Business intelligence vs business analytics
Business intelligence  vs business analyticsBusiness intelligence  vs business analytics
Business intelligence vs business analyticsSuvradeep Rudra
 

Was ist angesagt? (20)

Business analytics and data mining
Business analytics and data miningBusiness analytics and data mining
Business analytics and data mining
 
Data Analytics
Data AnalyticsData Analytics
Data Analytics
 
Data analytics
Data analyticsData analytics
Data analytics
 
Data analytics
Data analyticsData analytics
Data analytics
 
Unit 4 Advanced Data Analytics
Unit 4 Advanced Data AnalyticsUnit 4 Advanced Data Analytics
Unit 4 Advanced Data Analytics
 
Data analytics
Data analyticsData analytics
Data analytics
 
Analytics 2
Analytics 2Analytics 2
Analytics 2
 
The Business Analytics Value Proposition
The Business Analytics Value PropositionThe Business Analytics Value Proposition
The Business Analytics Value Proposition
 
Analytics
AnalyticsAnalytics
Analytics
 
Classification of data
Classification of dataClassification of data
Classification of data
 
Introduction to Business Analytics Part 1
Introduction to Business Analytics Part 1Introduction to Business Analytics Part 1
Introduction to Business Analytics Part 1
 
PoT - probeer de mogelijkheden van datamining zelf uit 30-10-2014
PoT - probeer de mogelijkheden van datamining zelf uit 30-10-2014PoT - probeer de mogelijkheden van datamining zelf uit 30-10-2014
PoT - probeer de mogelijkheden van datamining zelf uit 30-10-2014
 
Data quality overview
Data quality overviewData quality overview
Data quality overview
 
Big data
Big dataBig data
Big data
 
Importance of data analytics for business
Importance of data analytics for businessImportance of data analytics for business
Importance of data analytics for business
 
An Introduction to Advanced analytics and data mining
An Introduction to Advanced analytics and data miningAn Introduction to Advanced analytics and data mining
An Introduction to Advanced analytics and data mining
 
Key Principles Of Data Mining
Key Principles Of Data MiningKey Principles Of Data Mining
Key Principles Of Data Mining
 
Introduction to Big Data
Introduction to Big DataIntroduction to Big Data
Introduction to Big Data
 
AWC Career Bootcamp- August 21, 2013
AWC Career Bootcamp- August 21, 2013AWC Career Bootcamp- August 21, 2013
AWC Career Bootcamp- August 21, 2013
 
Business intelligence vs business analytics
Business intelligence  vs business analyticsBusiness intelligence  vs business analytics
Business intelligence vs business analytics
 

Ähnlich wie Data Analytics and Big Data on IoT

Modern Analytics And The Future Of Quality And Performance Excellence
Modern Analytics And The Future Of Quality And Performance ExcellenceModern Analytics And The Future Of Quality And Performance Excellence
Modern Analytics And The Future Of Quality And Performance ExcellenceICFAI Business School
 
Introduction to Data Analytics - PPM.pptx
Introduction to Data Analytics - PPM.pptxIntroduction to Data Analytics - PPM.pptx
Introduction to Data Analytics - PPM.pptxssuser5cdaa93
 
Introductions to Business Analytics
Introductions to Business Analytics Introductions to Business Analytics
Introductions to Business Analytics Venkat .P
 
Introduction to Business and Data Analysis Undergraduate.pdf
Introduction to Business and Data Analysis Undergraduate.pdfIntroduction to Business and Data Analysis Undergraduate.pdf
Introduction to Business and Data Analysis Undergraduate.pdfAbdulrahimShaibuIssa
 
7.-Data-Analytics.pptx
7.-Data-Analytics.pptx7.-Data-Analytics.pptx
7.-Data-Analytics.pptxmarow75067
 
Data Scientist By: Professor Lili Saghafi
Data Scientist By: Professor Lili SaghafiData Scientist By: Professor Lili Saghafi
Data Scientist By: Professor Lili SaghafiProfessor Lili Saghafi
 
Tips --Break Down the Barriers to Better Data Analytics
Tips --Break Down the Barriers to Better Data AnalyticsTips --Break Down the Barriers to Better Data Analytics
Tips --Break Down the Barriers to Better Data AnalyticsAbhishek Sood
 
Business Intelligence and Analytics .pptx
Business Intelligence and Analytics .pptxBusiness Intelligence and Analytics .pptx
Business Intelligence and Analytics .pptxRupaRani28
 
BA Overview.pptx
BA Overview.pptxBA Overview.pptx
BA Overview.pptxSuKuTurangi
 
In-Depth Data Analytics
In-Depth Data AnalyticsIn-Depth Data Analytics
In-Depth Data AnalyticsYASH GAIKWAD
 
Data Analytics Course In Pune-October
Data Analytics Course In Pune-OctoberData Analytics Course In Pune-October
Data Analytics Course In Pune-OctoberDataMites
 
Introduction to Big Data Analytics
Introduction to Big Data AnalyticsIntroduction to Big Data Analytics
Introduction to Big Data AnalyticsUtkarsh Sharma
 
A picture is worth a thousand words
A picture is worth a thousand wordsA picture is worth a thousand words
A picture is worth a thousand wordsMasum Billah
 

Ähnlich wie Data Analytics and Big Data on IoT (20)

Modern Analytics And The Future Of Quality And Performance Excellence
Modern Analytics And The Future Of Quality And Performance ExcellenceModern Analytics And The Future Of Quality And Performance Excellence
Modern Analytics And The Future Of Quality And Performance Excellence
 
Introduction to Data Analytics - PPM.pptx
Introduction to Data Analytics - PPM.pptxIntroduction to Data Analytics - PPM.pptx
Introduction to Data Analytics - PPM.pptx
 
Introductions to Business Analytics
Introductions to Business Analytics Introductions to Business Analytics
Introductions to Business Analytics
 
Introduction to Business and Data Analysis Undergraduate.pdf
Introduction to Business and Data Analysis Undergraduate.pdfIntroduction to Business and Data Analysis Undergraduate.pdf
Introduction to Business and Data Analysis Undergraduate.pdf
 
Big data Analytics
Big data AnalyticsBig data Analytics
Big data Analytics
 
7.-Data-Analytics.pptx
7.-Data-Analytics.pptx7.-Data-Analytics.pptx
7.-Data-Analytics.pptx
 
Data Scientist By: Professor Lili Saghafi
Data Scientist By: Professor Lili SaghafiData Scientist By: Professor Lili Saghafi
Data Scientist By: Professor Lili Saghafi
 
Introduction to Data Analytics
Introduction to Data AnalyticsIntroduction to Data Analytics
Introduction to Data Analytics
 
Data Science in Python.pptx
Data Science in Python.pptxData Science in Python.pptx
Data Science in Python.pptx
 
Modern Information Systems
Modern Information SystemsModern Information Systems
Modern Information Systems
 
Tips --Break Down the Barriers to Better Data Analytics
Tips --Break Down the Barriers to Better Data AnalyticsTips --Break Down the Barriers to Better Data Analytics
Tips --Break Down the Barriers to Better Data Analytics
 
Business Intelligence and Analytics .pptx
Business Intelligence and Analytics .pptxBusiness Intelligence and Analytics .pptx
Business Intelligence and Analytics .pptx
 
BA Overview.pptx
BA Overview.pptxBA Overview.pptx
BA Overview.pptx
 
In-Depth Data Analytics
In-Depth Data AnalyticsIn-Depth Data Analytics
In-Depth Data Analytics
 
semana1.pptx
semana1.pptxsemana1.pptx
semana1.pptx
 
KIT601 Unit I.pptx
KIT601 Unit I.pptxKIT601 Unit I.pptx
KIT601 Unit I.pptx
 
1-210217184339.pptx
1-210217184339.pptx1-210217184339.pptx
1-210217184339.pptx
 
Data Analytics Course In Pune-October
Data Analytics Course In Pune-OctoberData Analytics Course In Pune-October
Data Analytics Course In Pune-October
 
Introduction to Big Data Analytics
Introduction to Big Data AnalyticsIntroduction to Big Data Analytics
Introduction to Big Data Analytics
 
A picture is worth a thousand words
A picture is worth a thousand wordsA picture is worth a thousand words
A picture is worth a thousand words
 

Kürzlich hochgeladen

FESE Capital Markets Fact Sheet 2024 Q1.pdf
FESE Capital Markets Fact Sheet 2024 Q1.pdfFESE Capital Markets Fact Sheet 2024 Q1.pdf
FESE Capital Markets Fact Sheet 2024 Q1.pdfMarinCaroMartnezBerg
 
ELKO dropshipping via API with DroFx.pptx
ELKO dropshipping via API with DroFx.pptxELKO dropshipping via API with DroFx.pptx
ELKO dropshipping via API with DroFx.pptxolyaivanovalion
 
VidaXL dropshipping via API with DroFx.pptx
VidaXL dropshipping via API with DroFx.pptxVidaXL dropshipping via API with DroFx.pptx
VidaXL dropshipping via API with DroFx.pptxolyaivanovalion
 
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...amitlee9823
 
Mg Road Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Banga...
Mg Road Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Banga...Mg Road Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Banga...
Mg Road Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Banga...amitlee9823
 
Probability Grade 10 Third Quarter Lessons
Probability Grade 10 Third Quarter LessonsProbability Grade 10 Third Quarter Lessons
Probability Grade 10 Third Quarter LessonsJoseMangaJr1
 
Capstone Project on IBM Data Analytics Program
Capstone Project on IBM Data Analytics ProgramCapstone Project on IBM Data Analytics Program
Capstone Project on IBM Data Analytics ProgramMoniSankarHazra
 
Call me @ 9892124323 Cheap Rate Call Girls in Vashi with Real Photo 100% Secure
Call me @ 9892124323  Cheap Rate Call Girls in Vashi with Real Photo 100% SecureCall me @ 9892124323  Cheap Rate Call Girls in Vashi with Real Photo 100% Secure
Call me @ 9892124323 Cheap Rate Call Girls in Vashi with Real Photo 100% SecurePooja Nehwal
 
BabyOno dropshipping via API with DroFx.pptx
BabyOno dropshipping via API with DroFx.pptxBabyOno dropshipping via API with DroFx.pptx
BabyOno dropshipping via API with DroFx.pptxolyaivanovalion
 
Call Girls Bommasandra Just Call 👗 7737669865 👗 Top Class Call Girl Service B...
Call Girls Bommasandra Just Call 👗 7737669865 👗 Top Class Call Girl Service B...Call Girls Bommasandra Just Call 👗 7737669865 👗 Top Class Call Girl Service B...
Call Girls Bommasandra Just Call 👗 7737669865 👗 Top Class Call Girl Service B...amitlee9823
 
Call Girls In Bellandur ☎ 7737669865 🥵 Book Your One night Stand
Call Girls In Bellandur ☎ 7737669865 🥵 Book Your One night StandCall Girls In Bellandur ☎ 7737669865 🥵 Book Your One night Stand
Call Girls In Bellandur ☎ 7737669865 🥵 Book Your One night Standamitlee9823
 
Ravak dropshipping via API with DroFx.pptx
Ravak dropshipping via API with DroFx.pptxRavak dropshipping via API with DroFx.pptx
Ravak dropshipping via API with DroFx.pptxolyaivanovalion
 
Mature dropshipping via API with DroFx.pptx
Mature dropshipping via API with DroFx.pptxMature dropshipping via API with DroFx.pptx
Mature dropshipping via API with DroFx.pptxolyaivanovalion
 
April 2024 - Crypto Market Report's Analysis
April 2024 - Crypto Market Report's AnalysisApril 2024 - Crypto Market Report's Analysis
April 2024 - Crypto Market Report's Analysismanisha194592
 
ALSO dropshipping via API with DroFx.pptx
ALSO dropshipping via API with DroFx.pptxALSO dropshipping via API with DroFx.pptx
ALSO dropshipping via API with DroFx.pptxolyaivanovalion
 
Carero dropshipping via API with DroFx.pptx
Carero dropshipping via API with DroFx.pptxCarero dropshipping via API with DroFx.pptx
Carero dropshipping via API with DroFx.pptxolyaivanovalion
 
Call Girls Bannerghatta Road Just Call 👗 7737669865 👗 Top Class Call Girl Ser...
Call Girls Bannerghatta Road Just Call 👗 7737669865 👗 Top Class Call Girl Ser...Call Girls Bannerghatta Road Just Call 👗 7737669865 👗 Top Class Call Girl Ser...
Call Girls Bannerghatta Road Just Call 👗 7737669865 👗 Top Class Call Girl Ser...amitlee9823
 
Accredited-Transport-Cooperatives-Jan-2021-Web.pdf
Accredited-Transport-Cooperatives-Jan-2021-Web.pdfAccredited-Transport-Cooperatives-Jan-2021-Web.pdf
Accredited-Transport-Cooperatives-Jan-2021-Web.pdfadriantubila
 

Kürzlich hochgeladen (20)

FESE Capital Markets Fact Sheet 2024 Q1.pdf
FESE Capital Markets Fact Sheet 2024 Q1.pdfFESE Capital Markets Fact Sheet 2024 Q1.pdf
FESE Capital Markets Fact Sheet 2024 Q1.pdf
 
ELKO dropshipping via API with DroFx.pptx
ELKO dropshipping via API with DroFx.pptxELKO dropshipping via API with DroFx.pptx
ELKO dropshipping via API with DroFx.pptx
 
VidaXL dropshipping via API with DroFx.pptx
VidaXL dropshipping via API with DroFx.pptxVidaXL dropshipping via API with DroFx.pptx
VidaXL dropshipping via API with DroFx.pptx
 
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
Vip Mumbai Call Girls Thane West Call On 9920725232 With Body to body massage...
 
Mg Road Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Banga...
Mg Road Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Banga...Mg Road Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Banga...
Mg Road Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Banga...
 
Probability Grade 10 Third Quarter Lessons
Probability Grade 10 Third Quarter LessonsProbability Grade 10 Third Quarter Lessons
Probability Grade 10 Third Quarter Lessons
 
Capstone Project on IBM Data Analytics Program
Capstone Project on IBM Data Analytics ProgramCapstone Project on IBM Data Analytics Program
Capstone Project on IBM Data Analytics Program
 
Call me @ 9892124323 Cheap Rate Call Girls in Vashi with Real Photo 100% Secure
Call me @ 9892124323  Cheap Rate Call Girls in Vashi with Real Photo 100% SecureCall me @ 9892124323  Cheap Rate Call Girls in Vashi with Real Photo 100% Secure
Call me @ 9892124323 Cheap Rate Call Girls in Vashi with Real Photo 100% Secure
 
BabyOno dropshipping via API with DroFx.pptx
BabyOno dropshipping via API with DroFx.pptxBabyOno dropshipping via API with DroFx.pptx
BabyOno dropshipping via API with DroFx.pptx
 
Call Girls Bommasandra Just Call 👗 7737669865 👗 Top Class Call Girl Service B...
Call Girls Bommasandra Just Call 👗 7737669865 👗 Top Class Call Girl Service B...Call Girls Bommasandra Just Call 👗 7737669865 👗 Top Class Call Girl Service B...
Call Girls Bommasandra Just Call 👗 7737669865 👗 Top Class Call Girl Service B...
 
Call Girls In Bellandur ☎ 7737669865 🥵 Book Your One night Stand
Call Girls In Bellandur ☎ 7737669865 🥵 Book Your One night StandCall Girls In Bellandur ☎ 7737669865 🥵 Book Your One night Stand
Call Girls In Bellandur ☎ 7737669865 🥵 Book Your One night Stand
 
Ravak dropshipping via API with DroFx.pptx
Ravak dropshipping via API with DroFx.pptxRavak dropshipping via API with DroFx.pptx
Ravak dropshipping via API with DroFx.pptx
 
Mature dropshipping via API with DroFx.pptx
Mature dropshipping via API with DroFx.pptxMature dropshipping via API with DroFx.pptx
Mature dropshipping via API with DroFx.pptx
 
Anomaly detection and data imputation within time series
Anomaly detection and data imputation within time seriesAnomaly detection and data imputation within time series
Anomaly detection and data imputation within time series
 
CHEAP Call Girls in Saket (-DELHI )🔝 9953056974🔝(=)/CALL GIRLS SERVICE
CHEAP Call Girls in Saket (-DELHI )🔝 9953056974🔝(=)/CALL GIRLS SERVICECHEAP Call Girls in Saket (-DELHI )🔝 9953056974🔝(=)/CALL GIRLS SERVICE
CHEAP Call Girls in Saket (-DELHI )🔝 9953056974🔝(=)/CALL GIRLS SERVICE
 
April 2024 - Crypto Market Report's Analysis
April 2024 - Crypto Market Report's AnalysisApril 2024 - Crypto Market Report's Analysis
April 2024 - Crypto Market Report's Analysis
 
ALSO dropshipping via API with DroFx.pptx
ALSO dropshipping via API with DroFx.pptxALSO dropshipping via API with DroFx.pptx
ALSO dropshipping via API with DroFx.pptx
 
Carero dropshipping via API with DroFx.pptx
Carero dropshipping via API with DroFx.pptxCarero dropshipping via API with DroFx.pptx
Carero dropshipping via API with DroFx.pptx
 
Call Girls Bannerghatta Road Just Call 👗 7737669865 👗 Top Class Call Girl Ser...
Call Girls Bannerghatta Road Just Call 👗 7737669865 👗 Top Class Call Girl Ser...Call Girls Bannerghatta Road Just Call 👗 7737669865 👗 Top Class Call Girl Ser...
Call Girls Bannerghatta Road Just Call 👗 7737669865 👗 Top Class Call Girl Ser...
 
Accredited-Transport-Cooperatives-Jan-2021-Web.pdf
Accredited-Transport-Cooperatives-Jan-2021-Web.pdfAccredited-Transport-Cooperatives-Jan-2021-Web.pdf
Accredited-Transport-Cooperatives-Jan-2021-Web.pdf
 

Data Analytics and Big Data on IoT

  • 2. Emergence of Data Analytics • Traditionally business managers were making decisions based on past experiences or rules of thumb, or there were other qualitative aspects to decision making • Analytics began to command more awareness in the late 1960s when computers had started playing a dominating role as organizations’ decision support systems. • Development of data warehouses and enterprise resource planning (ERP) systems. • The business managers and leaders considered data and relied on ad hoc analysis to affirm their experience/knowledge based assumptions for daily and critical business decisions.
  • 3. Data Analytics • It is a process of inspecting, cleaning, transforming, and modeling data with the goal of discovering useful information, suggesting conclusions, and supporting decision making. • Also known as Business Analytics • Widely used in many industries to allow companies/organization to use the science of examining raw data with the purpose of drawing conclusions about that information and make better business decisions.
  • 4. Types of Data Analytics 1. Descriptive Analytics 2. Diagnostic Analytics 3. Predictive Analytics 4. Prescriptive Analytics
  • 5. Descriptive Analytics • Any activity or method that helps us to describe or summarize raw data into something interpretable by humans can be termed ‘Descriptive Analytics’. • These are useful because they allow us to learn from past behaviors, and understand how they might influence future outcomes. • Eg- company’s business intelligence reports • The statistics such as arithmetic operation of count, min, max, sum, average, percentage, and percent change, etc., fall into this category. • provide historical hindsights regarding the company’s • production, operations, sales, revenue, financials, inventory, customers, and market share.
  • 6. Diagnostic Analytics • It focuses on determining the factors and events that contributed to the outcome. • Characterized by techniques such as drilldown, data discovery, data mining, correlations, and causation. • Eg- assume a retail company’s hardlines sales performance is not up to the mark in certain stores and the product line manager would like to understand the root cause. • To accomplish this there is not a clearly defined set of ordered steps defined, and it depends on the experience level and thinking style of the person carrying out the analysis.
  • 7. Predictive Analytics • It is the ability to make predictions or estimations of likelihoods about unknown future events based on the past or historic patterns. • It uses many techniques from data mining, statistics, modeling, machine learning, and artificial intelligence to analyze current data to make predictions about the future. • Machine learning is heavily focused on predictive analytics, where we combine historical data from different sources such as organizational ERP, CRM, POS, Employees data, Market research data to identify patterns and apply statistical model/algorithms to capture the relationship between various data sets and further predict the likelihood of an event.
  • 8. Prescriptive Analytics • It is the area of data or business analytics dedicated to finding the best course of action for a given situation. • The endeavor of prescriptive analytics is to measure the future decision’s effect to enable the decision makers to foresee the possible outcomes before the actual decisions are made. • Eg- Using simulation in design situations to help users identify system behaviors under different configurations, and ensuring that all key performance metrics are • Eg- Use linear or nonlinear programming to identify the best outcome for a business, given constraints, and objective function.
  • 9.
  • 10. Data Analysis Packages • NumPy • SciPy • Matplotlib • Pandas
  • 11. Natural Language Processing • The majority of activities performed by humans are done through language, whether communicated directly or reported using natural language. • By combining the power of artificial intelligence, computational linguistics and computer science, Natural Language Processing (NLP) helps machines “read” text by simulating the human ability to understand language.
  • 12. Steps Level 1 – Speech sound (Phonetics & Phonology) Level 2 – Words & their forms (Morphology, Lexicon) Level 3 – Structure of sentences (Syntax, Parsing) Level 4 – Meaning of sentences (Semantics) Level 5 – Meaning in context & for a purpose (Pragmatics) Level 6 – Connected sentence processing in a larger body of text (Discourse)
  • 13. Applications • Machine Translation • Fighting Spam • Information Extraction • Summarization • Question Answering
  • 14. Big Data • Big data analytics examines large amounts of data to uncover hidden patterns, correlations and other insights. • With today’s technology, it’s possible to analyze your data and get answers from it almost immediately – an effort that’s slower and less efficient with more traditional business intelligence solutions.
  • 15. Big Data Analytics vs Data Mining • Data mining relates to the process of going through large sets of data to identify relevant or pertinent information. • The term Big Data can be defined simply as large data sets that outgrow simple databases and data handling architectures. • However, decision makers need access to smaller, more specific pieces of data and use data mining to identify specific data that may help their businesses make better leadership and management decisions.
  • 16. Benefits of data analytics in IoT • Smart Metering • A smart meter is a device that electronically records consumption of electric energy data between the meter and the control system. • Smart Transportation • Improve existing traffic systems in which vehicles can effectively communicate with one another in a systematic manner without human intervention. • Smart Supply Chains • Embedded sensor technologies can communicate bidirectionally and provide remote accessibility • The captured data are used by on-and off-site technicians to run diagnostics and repair options to make appropriate decisions
  • 17. Benefits of data analytics in IoT • Smart Grid • The smart grid is a new generation of power grid in which managing and distributing electricity between suppliers and consumers is upgraded using two-way communication technologies and computing capabilities to improve reliability, safety, efficiency with real-time control, and monitoring • Smart Traffic Light System • The smart traffic light system consists of nodes that locally interact with IoT sensors and devices to detect the presence of vehicles, bikers, and pedestrians. • These nodes communicate with neighboring traffic lights to measure the speed and distance of approaching transportation means and manage green traffic signals
  • 18. Big Data Mining Issues in IoT • Increasingly Large Volumes of Data • By 2020 the digital universe – the data we create and copy annually – will reach 44 zettabytes • Data Sets Aren’t Homogenous • Data is curated from many different sources in multiple formats, such as web documents, CSV sheets, and SQL tables. • Integrity of Different Sources • Each system may use its own methodology to develop data, which will always introduce some level of uncertainty. • Need for Real-Time Analysis
  • 19. Smart Agriculture • A variety of external parameters belonging to different domains (e.g. weather conditions, regulations etc.) have a major influence over the food supply chain • Agri-IoT can integrate multiple cross-domain data streams, providing a complete semantic processing pipeline, offering a common framework for smart farming applications. • Agri-IoT supports large-scale data analytics and event detection, ensuring seamless interoperability among sensors, services, processes, operations, farmers and other relevant actors, including online information sources and linked open datasets and streams available on the Web.
  • 20. IoT Architecture for Big Data Analytics