Big Data Archives

Big Data trends in financial services As big data gradually takes over the world, a sector as crucial as financial services seems to make ‘big’ use of it as well.

October 28, 2016 by Naveen Joshi

Let’s take a look at the major big data trends in 2016, that BFSI can leverage: Risk Management, a growing concern: Cybercrimes end up costing the global economy nearly half…

Big Data

What is the future of Hadoop? Hadoop is a highly scalable storage platform because it can store and distribute very large data sets across hundreds of inexpensive servers that operate in parallel. Large web companies such as Google and Facebook use Hadoop to store and manage their huge data sets.

October 27, 2016 by Naveen Joshi

Today, the world has become hyper-connected. People and organizations alike create massive volumes of data at ever-accelerating rates. As a result, big data analytics has become a powerful tool for…

Big Data

Big Wishes for Big Data We live in a world where information is everything. IBM estimates that each day, 2.5 quintillion bytes of data are created or replicated, with 90% of the world's data having been created in just the last two years! According to IBM, that's the equivalent of a million hard drives filling up with data every hour. With high-performing analytics tools, the study of big data can lead to new understandings of consumer behavior, better management decisions, new innovations, and improved risk management.

October 20, 2016 by Naveen Joshi

In fact, experts now want to take big data implementation a notch higher by using tools that make the process more convenient for organizations and its IT users. We have…

Big Data Technology

Why is it important for digital businesses to be context aware? As we explained in one of the previous articles, context awareness is the property of mobile devices that may be applied more flexibly in comparison with location awareness, to smart phone users. It helps in providing task relevant information or services, improving decision making and efficiency of the tasks.

October 18, 2016 by Naveen Joshi

External context data, which, in almost all of its entirety is routinely incorporated into application logic (such as ODSs and MDM stores) originates from well-structured, predictable and familiar sources. These…

Big Data Technology

Experimentation and Big Data Big data deals with complex specifications that are difficult to understand and compares data based on a number of factors. But, when anticipating human behavior, computers, and algorithms fail to consider several factors. These factors can range from changing weather to moods to relationships that might influence customer-purchasing patterns.

October 13, 2016 by Naveen Joshi

Thus, all analysis results from big data won’t create value. Several ventures have failed due to faulty implementation of big data. For example, a company noticed that customers who purchased…

Big Data

Big Data is reinventing our society Today, business decisions depend on high-performance analytics, provided by big data-driven technology. Big data takes into account people's behaviour rather than beliefs. Alex Pentland, a well-known data scientist, says, "Big data collects the little data crumbs you leave behind when you move around the world".

October 12, 2016 by Naveen Joshi

These ‘data crumbs’ can be what you post on Facebook, what you search on your browser, the kind of mobile apps you use and more. Looking at data crumbs has…

Big Data

How to use Big Data Big data constructively processes and analyses the large quantities of digital information and generates value for organizations

October 11, 2016 by Naveen Joshi

Traditional data management systems were not able to cope with the data explosion that came with social media. Firms like Google, Linkedin and Facebook were built around big data. In…

Big Data