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Big data
With the progress made in the digital landscape, organizations have access to vast amounts of data from different sources, often fast. This is what is known as big data. Businesses are offered tremendous potential to gain valuable insights and improve their overall performance by analyzing this data through big data analytics. In this article, we will explore various strategies on how businesses can effectively leverage big data to drive growth, enhance customer experiences, and optimize operational efficiency.
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Glossary
Ever since the invention of computers many developments have shaped human lives. The invention of the internet was a landmark achievement which set up the stage for more things that followed. Many would have thought that the internet was the biggest thing ever but it was only a lead-in to developments in the world of big data, AI and IoT. Big data, AI and IoT have revolutionized the world we live in but what exactly are these terms?
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What Is Big Data Analytics And Why Do Companies Use It?
Monday, 04 March 2019
Strategies for Tackling Big Data Visualization
In a world where data is becoming more important than ever, organizations must contend with an ever-increasing volume of information streaming from different sources. However, the true value of this data lies not in gathering it but in its effective visualization. Data visualization entails representing complex data sets visually, enabling businesses to gain valuable insights, make informed decisions, and communicate information effectively. Here, we will explore strategies for tackling big data visualization and discuss various techniques that can be employed to extract meaningful insights from vast amounts of data. This starts with trying to understand what data visualization is, its benefits and strategies for data visualization.
What is Data Visualization?
As earlier stated, data visualization is the graphical representation of data sets using visual elements such as charts, graphs, and maps. Visualization of data transforms raw data into a visual format that can be easily understood and interpreted. Presenting data visually allows complex relationships, patterns, and trends to be identified at a glance. It also allows users to explore data, discover insights, and communicate findings more engagingly and intuitively.
Benefits of Good Data Visualization
- Enhanced Data Comprehension
With data visualization, one can easily understand complex information quickly and easily. Patterns, correlations, and outliers that may go unnoticed in raw data become apparent through visual representations, leading to better comprehension and interpretation.
- Improved Decision-Making
Performing clear and concise visualizations enables decision-makers to grasp key insights at a glance. Visual presentation lets decision-makers identify trends, compare data points, and derive actionable insights, resulting in more informed and effective decision-making.
- Increased Engagement
Well-designed visualizations can promote engagement. Visual elements like colours, shapes, and interactive features that characterize visual data make it more relatable and accessible, encouraging users to explore and interact with the information.
- Efficient Communication
One of the main reasons for visualizing data is to simplify complex concepts and make information more accessible to a wide range of audiences. This further enables effective communication of data-driven stories, allowing stakeholders to understand and act upon the information quickly and accurately.
Data Visualization Techniques
- Pie Chart
A pie chart is a circular chart divided into sectors, each representing a proportion or percentage of a whole. These charts are suitable for showing relative proportions and comparing different categories.
- Bar Chart
A bar chart consists of rectangular bars, where the length of each bar corresponds to the value it represents. These charts are effective for comparing discrete data points or categories.
- Histogram
Histograms are a graphical representation of the distribution of numerical data. It groups data into bins and displays the occurrence frequency within each bin. This allows for the analysis of data distribution and identifying trends.
- Gantt Chart
A Gantt chart is a project management tool that shows the timing and duration of different activities or tasks. They visualize project schedules, dependencies, and progress, facilitating effective project planning and monitoring.
- Heat Map
Heat maps visually represent data using colour intensity to display values. They are ideal for showcasing large datasets, identifying patterns, and highlighting high or low-activity areas.
- Box and Whisker Plot
This is a summary graph displaying the distribution of a dataset using quartiles. It provides information about the range, median, and outliers. This helps to understand the distribution and variability of the data.
- Area Chart
This chart is similar to a line chart. However, it has an area between the line and the x-axis is filled with colour. These charts are useful for tracking changes over time and comparing multiple data sets simultaneously.
- Scatter Charts
Scatter charts display individual data points as dots on a graph to analyze the relationship between two variables. They help identify correlations, clusters, or outliers within the data.
- Pictogram Chart
Pictograms use icons or pictures to represent data quantities. They provide a visual representation of data that is easy to understand and visually appealing.
These are just a few of the visualization techniques used in data representation. With these tools, you can understand and interpret data and make informed decisions.
Exploring the Potential of Real-Time Big Data Analysis
The world is becoming increasingly reliant on data. This has seen businesses and organizations continually seeking ways to leverage data insights to drive better decision-making, improved operations, and competitive advantages. This has led to a shift towards real-time big data analytics, which promises to allow organizations to quickly and accurately analyze vast data as they are generated. Here, we explore real-time data analysis, potential benefits and how it can benefit businesses and organizations.
How Does Real-Time Analytics Function?
Real-time analytics relies majorly on various technologies to enable organizations to process and analyze data in real-time. The process steps include the following:
Data Collection: Gathering data from various sources is the first step in real-time analytics. This includes data from social media platforms, sensors, devices connected to the internet, and customer interactions.
Data Ingestion: After data has been gathered, it is then ingested into a real-time data processing system. This system processes data as it is generated, making sure insights are generated in real-time.
Data Processing: After the gathered data is ingested, it must undergo various processing steps that include filtering, transformation, and enrichment. Data processing ensures that it is in a usable format for analysis.
Data Analysis: Analysis is the final step in real-time analytics. It entails analyzing data in real-time to generate insights that can be used to make faster, data-driven decisions.
Benefits of Real-Time Analytics
With the competition in the business landscape coupled with complex customer demands, real-time analytics comes at the right time to offer relief and several benefits for organizations looking to leverage data insights for better decision-making. Some of the key benefits include:
Faster Decision-Making: With fast and accurate insights extracted from data through real-time analytics, organizations can make decisions faster by getting insights in real-time. This can be particularly useful in sensitive industries that require quick and actionable information, such as finance and healthcare. In these industries, real-time decision-making can significantly impact business operations.
Real-Time Issue Detection: With real-time analytics, organizations can detect and respond to issues in real-time. For example, in the banking and finance sector industry, real-time analysis of data can help detect fraudulent transactions as they occur. This enables organizations to take immediate action.
Improved Customer Understanding: Real-time analytics allows organizations to better understand their customers by analyzing data generated from different sources such as social media platforms, mobile apps, and other sources. With this, organizations provide more personalized and targeted marketing campaigns, improving customer engagement and loyalty.
Improved Operational Efficiency: Real-time analytics gives businesses real-time insights into different processes like manufacturing processes, logistics, and supply chain management. Real-time data analysis allows organizations to identify bottlenecks and inefficiencies in their operations. This enables them to take corrective action before issues escalate, which can lead to significant cost savings and improved operational performance.
Predictive Analytics: Real-time analytics can allow businesses to predict future outcomes based on historical data. Analyzing data in real-time allows organizations to identify trends and patterns fast, enabling them to make accurate predictions about future outcomes. This is a useful aspect particularly useful for organizations in industries like finance, healthcare, and logistics, where the company’s ability to predict future outcomes earlier enough can have a significant impact on business operations.
In conclusion, real-time analytics has significantly changed how businesses and organizations analyze and leverage data insights. While there are challenges associated with real-time analytics, such as the need for significant computational power and robust data security measures, the benefits outweigh the challenges. With the increase in data from various sources by the second, real-time analytics will continue to be a critical tool for businesses.
Analyzing Big Data with Machine Learning and AI
The past few years have seen data from various domains and locations rise. With the speed and vastness of the data, it has become too complex for traditional data processing techniques to handle. However, with the emergence of machine learning (ML) and artificial intelligence (AI), analyzing big data has become simpler and more efficient. In this article, we will discuss how machine learning and AI transform how we analyze big data.
Big Data
Before going deeper into ML and AI, it is good first to understand what big data is. In simple terms, big data refers to the vast amount of structured and unstructured data generated from different sources like social media, sensors, mobile devices, and more. Due to its massive volumes, big data poses significant challenges for businesses and organizations. These challenges include processing, storing, and analyzing the data to extract meaningful insights.
Artificial Intelligence
Artificial intelligence refers to computer systems that can perform tasks that typically require human intelligence, such as perception, reasoning, and learning. AI is often used in conjunction with machine learning to analyze big data.
Machine Learning
Machine learning (ML) is a subset of AI that involves training computers to learn from data and make decisions without explicit programming or human intervention. The key advantage of this technology is that it can handle large amounts of data much faster than humans can. Moreover, ML algorithms can improve their accuracy over time by learning from new data gathered from various sources.
Supervised and unsupervised learning
Supervised learning involves training an ML model on labelled data, which has been tagged with a certain category or value. The model uses this data to learn how to predict the label of new data based on the labelled data. On the other hand, unsupervised learning entails training a ML model on unlabeled data, making the model identify patterns and similarities in the data without prior knowledge of the categories or values.
Deep Learning
This is a subset of ML that uses artificial neural networks to learn from large and complex data sets. Deep learning models can process and analyze large amounts of unstructured data like images, text, and speech. Deep learning has two types which are convolutional neural networks (CNN) and recurrent neural networks (RNN), both of which are used in big data analytics.
CNNs are used for image and video processing because they are advanced and can learn to recognize features such as edges, shapes, and textures in images and videos. On the other hand, RNNs are used for sequential data processing since they are good in identifying patterns and dependencies in time-series data such as speech and language.
Natural Language Processing (NLP)
NLP is a branch of AI that enables computers to understand and process human language. In big data analytics, this type of AI is used in extract insights from unstructured text data like emails, social media posts, and customer feedback. Some NLP techniques such as sentiment analysis, topic modeling, and entity recognition are used in big data analytics.
Sentiment analysis involves analyzing the emotional tone of text data. On the other hand, topic modeling involves identifying the themes or topics discussed in large volumes of text data, while entity recognition entails the identification and categorization of entities like names, organizations, and locations in text data. Sentiment analysis can be used identify positive, negative, or neutral sentiments in customer feedback or social media posts. On the other hand, topic modeling can be used to identify the most popular topics discussed in social media or news articles. While entity recognition can be used to extract information from customer feedback or news articles.
With the continuing adoption of AI in various industries, it will continue to revolutionize big data analytics by enabling organizations to extract valuable insights from vast amounts of data. As the volume of data continues to grow, AI will become increasingly crucial in enabling businesses.
Working Around Big Data Issues
Big data has become a critical part of our lives and perhaps one of the most important areas of study in the past few years. With the rise in data coming from various sources, such as individuals and organizations, the demand for effective data analysis has never been so important. This article explores some problems and strategies for working around big data issues.
Effects of bad data on analytics
Modern businesses rely on real-time collection or generation of data to enhance operations. Most of these businesses have specialized analytics divisions for analyzing vast data from different sources. However, the data collected can be bad, resulting in bad decisions. Here are some reasons why bad data can be a significant problem:
- Produces misleading insights
Businesses use various analytical tools to gather insights from vast amounts of data. However, such insights may be unreliable if duplicated data is collected. An example is when data gathered from 20 different sources and locations are duplicated, the output may show 40 distinct data points. The insights will be inaccurate if this example is magnified to include millions of data points and duplicates.
- Leads to inaccurate correctional expenses
According to a Gartner Data Quality Market Survey of 2017, poor data quality leads to average losses among businesses of up to $15 million. Losses may have increased in the subsequent years as more than 90% of data in circulation today came up in the past two to three years. Most data may have inconsistencies, inaccuracies and duplication.
- Unreliability of data
Data must be captured continuously from different sources. The collected data can be transmitted over long distances. The transmission of data can result in loss of data integrity through contamination. This affects the reliability of data, which cannot be used for forecasting.
How can big data issues be fixed?
- Verifying data from the source
Most quality issues emerge from the sources from which data is gathered or generated. Therefore, issues can be mitigated by cleaning the data right from the source before being sent to the point of processing. The process of verification entails putting the freshly gathered data through various verifications to check the correctness and completeness.
- Fix quality issues at the ETL phase
Customer data is gathered from different sources in Extract, Transform and Load phase before analytics can be carried out by businesses that need it. Your business can use various tools and applications to “find” and “fix” the quality issues emerging from it at this stage before they enter storage databases.
- Use precision identity or entity resolution
This is the most powerful way of fixing data quality issues. One of the common marketing-related issues with customer records and databases in organizations is that the identity or residential location of customers may not be verified. Therefore, customers living in the same household or various records of the same customer are stored in these databases. Customers or households may receive similar marketing information at various times. This results in duplication, which can be prevented using the precision identity or entity resolution to identify/entity resolution to identify customers or households where more than one marketing email or other methods of communication will not be sent.
From the above, it is evident that the best way to resolve big data problems is by scaling up investment in technology. Most of the problems revolve around data collection, storage, analysis and sharing and drawing insights and conclusions from it. With the reliance on big data to make decisions in organizations and the administration of smart cities, intelligent technologies such as AI and IoT will help move forward.
Big Data, AI and IoT: How are they related?
Ever since the invention of computers many developments have shaped human lives. The invention of the internet was a landmark achievement which set up the stage for more things that followed. Many would have thought that the internet was the biggest thing ever but it was only a lead-in to developments in the world of big data, AI and IoT. Big data, AI and IoT have revolutionized the world we live in but what exactly are these terms?
AI, IoT, and big data are among the most talked about topics but still highly misunderstood. The tech jargons has been difficult to grasp for non-tech people but this article sheds a little light on the difference between the three terms, how they are related and how they differ.
The advent of social media and e-commerce led by Facebook and Amazon respectively shook the existing infrastructure. It also altered the general view of data. Businesses took advantage of this phenomenon by analyzing social media behavior through the available data and using it to sell products. Companies began collecting large volumes of data, systematically extracting information and analyzing it to discover customer trends. The word big data then became appropriate because the amount of data was orders of magnitude more than what had previously been saved. Basically, big data are extremely large sets of data which can be analyzed to reveal patterns, associations, and trends by using specialized programs. The main aim of doing so is to reveal people’s behavior and interactions, generally for commercial purposes.
Once the concept of big data had settled in and the cloud became a convenient and economical solution for storage of huge volumes of data companies wanted to analyze it more quickly and extract value. They needed to have an automated approach for analyzing and sorting data and making decisions based on accurate information by businesses.
To achieve this, algorithms were developed to analyze data which can then be used to make more accurate predictions on which to base decisions.
Cloud’s ability to enable storage coupled with the development of AI algorithms that could predict patterns of data, meant that more data became a necessity and so was the need for systems to communicate with each other. Data became more useful as AI systems began to learn and make predictions.
The internet of things (IoT) is a collection of devices fitted with sensors that collect data and send it to storage facilities. That data is then leveraged to teach AI systems to make predictions These concepts are now making way into our homes as smart homes, smart cars, and smartwatches which are in common use..
In short, big data, AI and IoT are interrelated and feed off each other. They depend on each other for operations as AI uses the data generated by IoT. On the other hand, huge datasets would be meaningless without proper methods of collection and analysis. So yes, big data, IoT and AI are related.
What Is Big Data Analytics And Why Do Companies Use It?
The concept of big data has been around for a number of years. However, businesses now make use of big data analytics to uncover trends and gain insights for immediate actions. Big Data Analytics are complex processes involved in examining large and varied data set to uncover information such as unknown correlations, market trends, hidden patterns, and customer’s preferences in order to make informed business decisions.
It is a form of advanced analytics that involves applications with elements such as statistical algorithms powered by high-performance analytics systems.
Why Companies Use Big Data Analytics
From new revenue opportunities, effective marketing, better customer services, improved operational experience, and competitive advantages over rivals, big data analytics which is driven by analytical software and systems offers benefits to many organizations.
- Analyze Structured Transaction data: Big data allows data scientists, statisticians, and other analytics professionals to analyze the growing volume of structured transaction data such as social media contents, text from customer email, survey responses, web server logs, mobile phone records and machine data captured by sensors connected to the internet of things. Examining these types of data help to uncover hidden patterns and give insight to make better business decisions.
- Boost Customer Acquisition and Retention: In every organization customers are the most important assets; no business can be successful without establishing a solid customer base. The use of big data analytics helps businesses discover customers’ related patterns and trends; this is important because customers’ behaviors can indicate loyalty. With big data analytics in place, a business has the ability to derive critical behavioral insights it needs to retain uts customer base. A typical example of a company that makes use of big data analytics in driving client retention is Coca-Cola which strengthened its data strategy in 2015 by building a digital-led loyalty program.
- Big Data Analytics offers Marketing Insights: In addition, big data analytics helps to change how business operates by matching customer expectation, ensuring that marketing campaigns are powerful, and changing the company's product line. It also provides insight to help organizations create a more targeted and personalized campaign which implies that businesses can save money and enhance efficiency. A typical example of a brand making use of big data analytics for marketing insight is Netflix. With over 100 million subscribers; the company collects data which is the key to achieving the industry status Netflix boasts.
- Ensures Efficient Risk Management: Any business that wants to survive in the present business environment and remain profitable must be able to foresee potential risks and mitigate them before they become critical. Big data analytics helps organizations develop risk management solutions that allow businesses to quantify and model risks they face daily. It also provides the ability to help a business achieve smarter risk mitigation strategies and make better decisions.
- Get a better understanding of their competitors: For every business knowing your competitors is vital to succeeding and growing. Big data algorithms help organizations get a better understanding of their competitors, know recent price changes, make new product changes, and discover the right time to adjust their product prices.
Finally, enterprises are understanding the benefits of making use of big data analytics in simplifying processes. From new revenue opportunities, effective marketing, better customer services, improved operational experience, and competitive advantages over rivals, the implementation of big data analytics can help businesses gain competitive advantages while driving customer retention.
What Happens to Big Data Projects
Big data is fast gaining momentum, and so are the big data projects. Companies are increasing in size and ambition. However, the rising number of big data projects does not mean that they all succeed. Gartner estimates that the number of big data projects that fail is about 60 percent in 2016. In 2017, Gartner revised the number of big data projects that fail to be about 85 percent, which was even higher than the rate stated before. Nothing has changed since then. Even in 2021, the rate of failure still ranges at around 80 percent. Here are some of the reasons why big data projects fail.
- Poor integration
Siloed data is a leading technological problem that causes big data failures. Since data is stored in multiple sources, integrating it into one and using it to get insights that a company needs is a big challenge. This is even bigger problem if legacy systems are involved. It costs a lot of money and often does not result in the desired outcome. According to Alan Morrison of PwC, siloes create data lakes that are just data swamps. Organizations can only access a small percentage of data with little relationships that are inadequate to find patterns and get enough knowledge. Without a graph layer that interprets all instances of data mapped underneath, you have a data lake that is a data swamp.
- Not defining goals
Like any other project, big data projects require a proper definition of goals and objectives. Sadly, most people who undertake big data projects do not set goals that they need to achieve. Most of them think they can simply connect the structured and unstructured data and get the insight they need. As a project manager, you need to define the problem and develop the goals you want to attain. Having a clear definition of the problem and defining it in time helps achieve the desired goals accurately. However, many big data project leaders lack vision. This ends up confusing the company on big data projects and its desired objectives.
- Shortage of skills
There has been a widespread shortage of talent in the data science industry over the past few years. A 2018 report by LinkedIn reported a shortage of more than 150,000 individuals with data science skills. These are people such as data engineers, mathematicians, data analysts, and others. Since the field is in its initial stages, it is often hard to get people with the required skills. This slows production and ends up stalling the well-intentioned big data initiatives. Additionally, many enterprises cannot run several projects simultaneously without the right skills because they lack enough personnel.
- Lack of transparency
Lack of transparency in big data projects can result in a disconnect between technical and business teams. For instance, while the data science teams usually focus on the accuracy of models that is often simple to measure, business teams, on the other hand, are concerned mainly with metrics like business insights, profits/financial benefits, and interoperability of the final model produced. The lack of clarity and proper alignment between the teams leads to the failure of big data projects as the different teams try to measure different metrics. This is made worse by the traditional data science initiatives that use blackbox models that lack accountability and are hard to interpret, making it difficult to scale.
The above reasons for the failure of big data projects indicate the need for proper plans when implementing big data projects. The problems can be sorted by planning ahead, working together, and setting realistic goals.
Big Data as a Service is Gaining Value
According to reports, the global big data as a service (BDaaS) industry is expected to grow significantly in the coming years. The sector was valued at $4.99 billion in 2018 but will likely reach more than$61 billion by 2026. This growth is attributed to the fast adoption of big data as a service in different industries. Other factors that are expected to drive the BDaaS industry are the rising demand for actionable insights and the increasing organizational data across businesses due to the digitization and automation of most business processes. Here are trends that you should expect in the BDaaS industry:
- The increased adoption of BDaaS by social media platforms will lead to growth
The increase in digitization and automation of business processes is the leading factor in the adoption of BDaaS and its subsequent market growth. With the ongoing deployment of the 5G infrastructure, this demand will become rapid as social media platforms such as Snapchat, Instagram, Twitter, Facebook, and YouTube, among others, embrace data as the main approach to reaching customers for growth. Consequently, social media platforms will play a crucial role in the rising global BDaaS market.
- Big companies will hold the largest share
Large multinationals continue to lead in the adoption of BDaaS solutions. With competition heating up, they are likely to continue investing in these solutions as they seek to access customer data and gather the right insights for improved decision-making. They help collect data scattered in various locations or departments to gain valuable insights through big data analysis. Large corporations are spending large amounts of money on training their employees and leveraging the benefits of BDaaS solutions as they seek to edge their competitors and know exactly what their customers want.
- Hadoop will continue in its leadership in this area
In the last year, Hadoop was a significant player in big data as a service. The Hadoop-as-a-service segment held about 31.6%, with the rest sharing the remaining 68.4%. Moving forward, this Hadoop segment is expected to grow exponentially, gaining more CAGR in the future as the craze for BDaaS continues rising. The growth will result from the continued adoption of Hadoop-as-a-service solutions among the small and medium-sized companies (SMEs) worldwide who seek to take advantage of this technology in their service provision.
- North America will continue dominating BDaaS investments
In 2020, North America was leading in BDaaS investments with $ 6.33 billion. This region is expected to continue holding the leadership spot between now and 2026 in terms of adopting big data as a service and the revenue coming from this industry. This is due to the number of significant players that will invest in it and others such as Intel Corporation that will go on manufacturing chips that will help in the expansion of the existing storage. However, the Asia Pacific region will register a significant increase as countries such as India, China, Japan, and South Korea raise their investments.
- Large companies will embrace joint ventures to strengthen their positions in the market
Large companies that have a global presence are looking for better alternatives to stay ahead in the competition. One of the strategies includes mergers, acquisitions, partnerships, and joint ventures. In most cases, smaller companies are acquired by bigger ones, while others may strike partnership deals to compete favorably in the market. IBM is one of the companies with large big data as a service market share and has been launching solutions and building partnerships that help companies gather data of customers for use in marketing and decision-making activities.
Big Data is making a Difference in Hospitals
While the coronavirus pandemic has left the world bleeding, it has also highlighted weaknesses in the global healthcare systems that were hidden before. It is evident from the response to the pandemic that there was no plan in place on how to treat an unknown infectious disease like Covid_19. Despite the challenges that the world is facing, there is hope in big data and big data analytics. Big data has changed how data management and analysis is carried out in healthcare. Healthcare data analytics is capable of reducing the costs of treatment and can also help in the prediction of epidemics’ outbreak, prevent diseases, and enhance the quality of life.
Just like businesses, healthcare facilities collect massive amounts of data from patients during their hospital visits. As such, health professionals are looking for ways in which data collected can be analyzed and used to make informed decisions about specific aspects. According to the International Data Corporation report, big data is expected to grow faster in healthcare compared to other industries such as manufacturing, media, and financial services. The report estimates that healthcare data will experience a compound annual growth of 36% by 2025.
Here are some ways in that big data will make a difference in hospitals.
- Healthcare tracking
Along with the internet of things, big data and analytics are changing how hospitals and healthcare providers can track different user statistics and vitals. Apart from using data from wearables, that can detect the vitals of the patients, such as sleep patterns, heart rate, and exercise, there are new applications that monitor and collect data on blood pressure, glucose, and pulse, among others. The collection of such data will allow hospitals to keep people out of wards as they can manage their ailments by checking their vitals remotely.
- Reduce the cost of healthcare
Big data has come just at the right time when the cost of healthcare appears to be out of reach of many people. It is promising to save costs for hospitals and patients who fund most of these operations. With predictive analytics, hospitals can predict admission rates and help staff in ward allocation. This reduces the cost of investment incurred by healthcare facilities and enables maximum utilization of the investment. With wearables and health trackers, patients will be saved from unnecessary hospital visits, and admissions, since doctors can easily track their progress from their homes and data collected, can be used to make decisions and prescriptions.
- Preventing human errors
It is in records that medical professionals often prescribe the wrong medication to patients by mistake. These errors have, in some instances, led to deaths that would have been prevented if there were proper data. These errors can be reduced or prevented by big data, that can be leveraged in the analysis of patient data and prescription of medication. Big data can be used to corroborate and flag a specific medication that has adverse side effects or flag prescription mistake and save a life.
- Assisting in high-risk patients
Digitization of hospital records creates comprehensive data that can be accessed to understand the patterns of a particular group of patients. These patterns can help in the identification of patients that visit a hospital repeatedly and understand their health issues. This will help doctors identify methods of helping such patients accurately and gain insight for corrective measures, that will reduce their regular visits.
Big data offers obvious advantages to global healthcare. Although many hospitals have not fully capitalized on the advantages brought about by this technology, the truth is that using it will increase efficiency in the provision of healthcare services.
Managing The Infrastructure And Resources Needed To Handle Big Data Workloads
Big data refers to the large volume of structured and unstructured data that organizations collect and store daily. Managing this data effectively requires a robust infrastructure and resources to handle the workload. This article will discuss the components of big data infrastructure, the solutions available to manage it, and the challenges organizations face when implementing these solutions.
What Is Big Data Infrastructure?
Big data infrastructure is made up of a variety of key components that work together to process and store large amounts of data. These components include:
- Unstructured data
Unstructured data, as suggested by the name, is the raw data collected from various sources that make up the larger big data system. It is the data that does not have a predefined format or structure, such as text, images, and videos. This type of data must be cleaned since it is not usable as it is.
- Structured data
Structured data is the direct opposite of unstructured. It refers to data that has been cleaned and organized in a specific format, such as databases and spreadsheets. Cleaning removes bad data and organizes it for use after being placed in a database.
- Parallel processing:
This refers to the ability to process data simultaneously using multiple processors or cores.
- High-availability storage
High-availability storage refers to the ability to store data in a way that ensures it can be accessed and retrieved at any time.
- Distributed data processing
Distributed data processing is the ability to process data across multiple machines or clusters.
What Are Big Data Infrastructure Solutions?
There are several solutions available to manage big data infrastructure, including:
Hadoop: Hadoop is an open-source software framework used for distributed processing large data sets across clusters of computers. It has a series of components such as an HDFS storage layer, MapReduce engine and YARN HA cluster. Hadoop is a popular, cost-effective solution for big data engineers and admins who need a well-maintained project.
NoSQL: NoSQL databases are designed to handle unstructured data and provide high scalability and performance. This technology works hand-in-hand with other technologies, such as Hadoop.
Cloud computing: Cloud-based solutions, such as Amazon Web Services and Microsoft Azure, allow organizations to scale their big data infrastructure on-demand and pay only for what they use.
Massively parallel processing: Greenplum and Teradata, some of the MPP databases, can handle large amounts of data and process it simultaneously using multiple processors or cores. It powers high-end systems that need large parallel processing applications across various individual processes.
What Are the Challenges of Big Data Infrastructure?
Managing big data infrastructure can be challenging, as organizations must consider scalability, security, and cost factors. Additionally, organizations must ensure that the infrastructure they implement can handle their specific workloads and use cases. Furthermore, organizations must ensure that their infrastructure is flexible enough to adapt to new technologies and changing business requirements. Some of the challenges include the following:
Lack of scalability
All architectures require extensive planning for implementation and continued expansion in the future. Without the right coordination of the resources, which include software, hardware and budgeting, your big data infrastructure may hit a snag when the time for scaling comes due to demand.
Security and Compliance
Depending on the industry and the data you process, security and compliance may become a challenge. Therefore, big data infrastructure will allow you to centralize both security and compliance across different platforms to avoid costly and devastating noncompliance problems.
Storage media
Getting storage for a database is not enough to buy a big data system. Instead, you need a properly designed storage system because a poorly designed or implemented one often results in n downtimes, poor processing or a completely unusable system.
In conclusion, big data infrastructure is important in effectively managing vast data. By understanding various components of big data infrastructure, the solutions available to manage it, and the challenges businesses face when implementing these solutions, organizations can make informed decisions about managing their big data workloads best. With these solutions and best practices, organizations can adequately handle big data workloads with ease and efficiency.
These Trends Are Defining Big Data Usage
We live in a world where things are fast turning digital thanks to the advancement of technologies such as artificial intelligence (AI) and machine learning (ML). These technologies have not only reshaped businesses but have also changed society. With these advancements, it is no surprise that big data has taken over most industries as an efficient tool to help make decisions by monitoring market trends necessary for businesses. With the growth of data, companies are now looking for alternative options to optimize it on a large scale. This makes big data and analytics the best way to go. With this paradigm shift, these trends are defining big data usage in this era.
- TinyML
TinyML is a machine learning technique powered by small and low-powered devices like microcontrollers. It is a subfield of ML that enables applications to cheap devices and resource and power-constrained devices. TinyML intends to bring machine learning to the edge, reducing power consumption and allowing fast processing and storage of data where it is needed. ML also improves security.
- AutoML
Automated machine learning (AutoML) entails using automation to identify ML models for real-world problems. It automates the selection, automation and composition as well as parametrization of ML models. It is used to minimize human interaction and to process tasks automatically to solve real-world problems. This includes a whole process, from raw data to the final machine learning model. AutoML offers an extensive learning technique even for non-experts in ML. Since it is automated, it does not require human interaction.
- Data fabric
This is an architecture and data service providing consistent capabilities across various endpoints in hybrid multi-cloud environments. It standardizes data management practices and practicalities in cloud, on-premise and edge devices. According to Gartner, data fabric is one of the best analytical tools. It contains data management technologies that help in data governance, data pipelining, and data integration, among others which are crucial in big data analytics. It reduces the time for fetching out business insights making it useful in business decision-making.
- Cloud migration
The world and businesses are migrating their applications and services to the cloud. This is a key trend that is expected to change operations due to various benefits not only for businesses but also for individuals who rely on the cloud for storage. Cloud migration helps the organization by offering storage of big data from different sources at a lower cost and with improved speed, performance and scalability, especially when there is heavy traffic.
- Data regulation
Although big data has made its way into the company and corporate world and has helped in decision-making across the board, it has yet to impact the legal landscape as it ought to be. Although some have started adopting big data structures, it is still a long way to go. The responsibility of handling data at a large scale in industries such as healthcare needs laws and regulations because such data needs to be secured and cannot be left with AI alone. Going into the end of the year and even 2023, companies and relevant stakeholders are getting concerned about the existing data regulations and the need for new, better regulatory frameworks.
- IoT
The growing pace of technology means that we are becoming dependent on it. The Internet of Things (IoT) plays an excellent role in data technologies and architecture. The growing demand for big data has seen the adoption of sensors to gather data for decision-making. IoT will play a larger role in collecting, storing and processing data in real-time to solve organizational problems in industries such as manufacturing, healthcare and supply chain.
Integrating Big Data Can Be A Challenge
Big data integration is a critical step in any Big Data project. However, some challenges and issues must be taken into account while integrating data. With the growing number of data consumers, big data integration can become a problem that any company needs to respond to. Although it may sound easy, big data integration is not simple as it sounds because large data sets that are structured, unstructured and semi-structured are involved. All these diverse data sets are to be stored in a data warehouse for later retrieval. Some of the challenges encountered during data integration include uncertainty in the management of data, synchronization across data sources, availability of skills and getting the right insights. Despite these challenges, managing integrated big data makes decision-making accurate and ensures the decisions arrived at are insightful.
Big data integration tools
As big data continue being appreciated across different industries, the tools for integrating big data should continue being reevaluated to identify their abilities to process ever-increasing unstructured data. Data integration technologies should have a common platform that supports data quality and profiling.
Big data integration challenges
- Finding the personnel
With the rising adoption of big data, data scientists and analysts continue to be in high demand. There is a lack of individuals to fill the vacant positions in the big data research industry. While a typical big data expert must have experience with various big data integration tools and an understanding of data organization, coming across such people is never easy.
- Extracting data
The process of bringing in data that come from different sources is a massive challenge that needs to be addressed appropriately. With the many sources and diversity of data, the skills required to navigate the process of extraction are needed to analyze and process it to help in decision-making.
- Synchronizing data from different sources
After data from different sources has been extracted, it must be synchronized. This data uses different schedules and rates and can be desynchronized from the source. Synchronization provides consistency in systems while continually updating. With the traditional data management systems, extracting data migrating and transforming it promotes desynchronization. Therefore, synchronizing it will minimize variations in data.
- Choosing the right strategy
Big data integration mostly starts with the need for information to be shared. This can be followed by the interest in breaking down the existing data silos to allow data to be analyzed. The biggest challenge for many businesses is that they often jump from one project to another without laying down an organizational plan. Therefore, a true data integration plan must be developed complete with security and compliance to meet the goals that can sometimes be difficult to achieve.
- Security issues
Data is a new goldmine, and hackers know this quite well. Therefore, companies and data users must always ensure that big data integration is secure. Sadly, most organizations do not understand the sensitivity of data and the security challenges. Securing data can also face problems because the data sources are diverse, and data breaches can occur. Therefore, integrating data and storing them safely needs to be a key priority.
- Demand for skilled analysts
With the rising adoption of big data and analytics across industries, there has been a rising demand for top big data and analytics professionals across the globe. The scarcity of analysts and data engineers who are the key drivers of big data projects have made big data integration difficult. Therefore, companies that intend to deploy data integration must be aware of these key challenges and try as much as they can to address them for success in their projects.
Marketing Using Big Data is Unexpected
Big data analytics is the leading technology that most modern organizations are venturing into. Without this technology, most companies are blind and deaf and cannot take advantage of the massive amounts of data available in the connected world. Using big data in marketing helps uncover valuable information about the customers, allowing you to connect with them at a personal level. Unlike a few years ago, current businesses do not need to rely on shoddy market research companies to gain insights. Rather, they dig into their own datasets, get past superficial metrics such as location, age and gender of the customers, and uncover valuable information about different demographics. Under the traditional datasets, this was difficult and unattainable until recently.
Regardless of what you are trying to do in your organization, big data in marketing has proven to be one of the most important tools that any organization can rely on. It is useful in improving customer loyalty, enhancing the performance of an organization and making pricing decisions, all of which are important in marketing. These are aspects of big data, which include not only the analytics but also data ingestion, storage and integration and others, all of which are necessary to improve marketing. With big data and its related technologies, data can be filtered, curated, processed, and analyzed in vast amounts gathered during transactions.
Finding new leads
One of the key benefits of big data analytics is that it can help an organization gain insights regarding how users feel about a particular product or service that you offer. With this data, you can easily identify services or products frequently purchased. With this data at hand, you can link it to sites such as social media platforms where you can identify challenges that customers face in that particular product or service, tap into the new markets using these insights and gain access to an even bigger audience. This offers your business new leads that increase social selling.
Generating new leads
Data gathered from social networks can also be used in recommender systems. For example, Amazon has a recommender system that creates a customized homepage for each client based on their profile and history of interaction. This is good in generating repeat sales, therefore, increasing overall sales. Such is possible if the record of sales of every user is kept in a database. Since various tools in the market are available for such a job, reviewing sales reports has become easy. Marketers do not need to overburden themselves by using spreadsheets that need regular updates.
Improved customer acquisition
Enhanced customer acquisition is another key benefit of big data to marketing. According to a McKinsey survey, intensive users of customer analytics were found to be 23 times more likely to outperform their competitors in customer acquisition. Therefore, the cloud allows organizations to collect and analyze personalized data from different sources like web, mobile application data, emails, live chats and in-store interactions.
Although using big data in marketing efforts has many advantages, challenges need to be surmounted to achieve efficiency. Some of the problems that marketers encounter include disparate data systems, which cause a disconnect, making customer personalization ineffective, lack of cross-department collaboration, and poor quality of streaming data sources.
As a marketer, the first step in big data marketing is to integrate data from different sources. Once you use big data analytics, you will understand your customers much better. This will ease your ability to connect with them with relevance and help them turn interactions into conversations with ease. Therefore, big data will play a critical role if you want to grow your small business into a larger one.
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