Week1day3.ppt
- 1. BIG DATA
- 2. THIS IS KAUSTUBH SRIVASTAVA CURRENTLY PURSUING BTECH IN CSE FROM SRM CHENNAI
- 3. 'Big Data' is a term used to describe collection of data that is huge in size and growing exponentially and intend to grow at much faster rate.
- 4. IMPORTANCE Big data technology focuses on finding hidden threads or patterns in the company’s data to make the future simpler.
- 5. PROS Quickly recognize errors Real-time fraud detection Trends Can be really helpful in money making Expansion of company in future
- 6. CONS Difficulty in usage of data analytics softwares Small failure can lead to big losses Technologies and strategies have to be developed
- 7. STEPHEN FEW “Numbers have an important story to tell, they rely on you to give them a voice.”
- 8. SUSAN ETLINGER She has the same story to tell as quoted by Stephen few His son's autism was detected correctly but was interpreted in a wrong way .
- 9. TWO KEY INSIGHTS There is a difference between how people interpret the data For some people that interpretation may be good and for some it may be bad
- 10. The big data example Transportation services uses big data to know the future count of the people traveling ,but by this they can also increase the fair of the transport.
- 11. PROS CONS The number of transport vehicles can be increased to make it easy for the people to travel They can easily increase the fare stating that the number of travelers have increased
- 12. People’s perception matters the most If people see it as good for them in the near upcoming ,they will support it. If people do not see any kind of profit, they will revolt against it ,though it may be good for the late future
- 13. OVERVIEW It depends on people how they want to use the analysis ;companies will make their profit and people will have to interpret and give them a response
- 14. CONCLUSION BIG DATA plays a vital role in our life Its on us how we are able to use it for the betterment of individuals and the society
- 15. THANKS