What is Big Data and When Big Data Comes in to the Picture?webogen
Big Data is a collection of large datasets that cannot be processed using traditional computing techniques. Big data is not only a data, rather it has complete subject, which involves various tools, techniques and frameworks. Big data challenged with volume, variety and velocity of data (common for most Big Data problems). Refer to The Essence of Big Data.
Before 2000’s and some enterprises now a days use the traditional and sophisticated RDBMS software like Oracle, MSSQL or DB2 to store and process the data of any size. For analysis purpose users interact with the data base, process and provide the required analysis for the users. This approach works to the limited set of the data that can be accommodated by those standard data base servers. In case of the huge amounts of data it become tedious task and process through data.
The importance of Big data not only concerned with the amount of data but also how much intelligence can be build using the data. We can data from multiple sources to find the answers for many enterprise questions in terms of new product launch planning, cost reductions, decision making and optimizing the enterprise processes and more business related tasks such asReal time analysis of the data
Engaging the customer based on the buying habits
Analysing the financial portfolios in minutes
Detecting fraudulent behaviour before it affects your organization.