No wonder, there is so much hype for big data, given all of its applications.
The importance of big data lies in how an organization is using the collected data and not in how much data they have been able to collect.
Governments, be it of any country, come face to face with a very huge amount of data on almost daily basis.
The reason for this is, they have to keep track of various records and databases regarding their citizens, their growth, energy resources, geographical surveys, and many more. The proper study and analysis of this data, hence, helps governments in endless ways.
To overcome these challenges, some big data solutions were introduced such as Hadoop.
These big data tools really helped realize the applications of big data.According to GDC prognosis, this data is estimated to grow 700 percent by the end of the next year.Proper study and analysis of this data can help detect any and all illegal activities that are being carried out such as: Various anti-money laundering software such as SAS AML use Data Analytics for the purpose of detecting suspicious transactions and analyzing customer data.Appropriate analysis and study of every student’s records will help understand each student’s progress, strengths, weaknesses, interests, and more.It would also help in determining which career would be the most suitable for the student in future.The applications of big data have provided a solution to one of the biggest pitfalls in the education system, that is, the one-size-fits-all fashion of academic set-up, by contributing in e-learning solutions.The University of Alabama has more than 38,000 students and an ocean of data.Some of the benefits extracted from big data in the media and entertainment industry are given below: Spotify, an on-demand music providing platform, uses Big Data Analytics, collects data from all its users around the globe, and then uses the analyzed data to give informed music recommendations and suggestions to every individual user.Amazon Prime that offers, videos, music, and Kindle books in a one-stop shop is also big on using big data.There are weather sensors and satellites deployed all around the globe.A huge amount of data is collected from them, and then this data is used to monitor the weather and environmental conditions.