2. Big data is a broad term for data sets so large or complex
that traditional data processing applications are inadequate.
Challenges include analysis, capture, data curtain, search,
sharing, storage, transfer, visualization, and information
privacy. The term often refers simply to the use of predictive
analytics or other certain advanced methods to extract value
from data, and seldom to a particular size of data set.
Accuracy in big data may lead to more confident decision
making. And better decisions can mean greater operational
efficiency, cost reductions and reduced risk.
JAVA CARD 2
3. No single standard definition…
“Big Data” is data whose scale, diversity, and
complexity require new architecture,
techniques, algorithms, and analytics to
manage it and extract value and hidden
knowledge from it…
JAVA CARD 3
4. What is data?
Types of data
1. Relational Data
2. Text Data
3. Semi-structured Data
4. Graph Data
5. Streaming Data
6. Lots of data is being collected
and warehoused
◦ Web data, e-commerce
◦ purchases at department/
grocery stores
◦ Bank/Credit Card
transactions
◦ Social Network
8. The Model of Generating/Consuming Data
has Changed
Old Model: Few companies are generating data, all others are consumi
New Model: all of us are generating data, and all of
us are consuming data
12. Data Volume
◦ 44x increase from 2009 2020
◦ From 0.8 zettabytes to 35zb
Data volume is increasing
exponentially
13. Consider closing price on all trading days for the
last 5 years for two stocks A and B
What is the covariance between the two time-
series?
(1/N) * sum (Ai - mean(A)) * (Bi - mean (B))
14. Ignoring the (1/N) and subtracting off the
means ….
Stock * StockT
Now try it for companies headquartered in
Charlotte!
15. Trading volume on Wall Street going through
the roof
Breaking all their infrastructure
And it will just get worse
16. Data is begin generated fast and need to be
processed fast
Online Data Analytics
Late decisions
Examples:
◦ E-Promotions
◦ Healthcare monitoring
17.
18. There are three forms of variety:
1. Structured
2. Semi structured
3. unstructured