Big Data Analytics: Free Guide: 5 Data Science Tools To Consider
Big Data Analytics: Free Guide: 5 Data Science Tools To Consider
Big Data Analytics: Free Guide: 5 Data Science Tools To Consider
Big data analytics is the often complex process of examining large and
varied data sets, or big data, to uncover information -- such as hidden
patterns, unknown correlations, market trends and customer preferences --
that can help organizations make informed business decisions.
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Big data analytics is a form of advanced analytics, which has marked differences
compared to traditional BI.
Big data analytics technologies and tools
More frequently, however, big data analytics users are adopting the
concept of a Hadoop data lake that serves as the primary repository for
incoming streams of raw data. In such architectures, data can be analyzed
directly in a Hadoop cluster or run through a processing engine like Spark.
As in data warehousing, sound data management is a crucial first step in
the big data analytics process. Data being stored in the HDFS must be
organized, configured and partitioned properly to get good performance out
of both extract, transform and load (ETL) integration jobs and analytical
queries.
Once the data is ready, it can be analyzed with the software commonly
used for advanced analytics processes. That includes tools for:
data mining, which sift through data sets in search of patterns and
relationships;
Big data analytics applications often include data from both internal
systems and external sources, such as weather data or demographic data
on consumers compiled by third-party information services providers. In
addition, streaming analytics applications are becoming common in big
data environments as users look to perform real-time analytics on data fed
into Hadoop systems through stream processing engines, such
as Spark, Flink and Storm.
See the four types of big data analytics and what
each is used for.
Big data has become increasingly beneficial in supply chain analytics. Big
supply chain analytics utilizes big data and quantitative methods to
enhance decision making processes across the supply chain. Specifically,
big supply chain analytics expands datasets for increased analysis that
goes beyond the traditional internal data found on enterprise resource
planning (ERP) and supply chain management (SCM) systems. Also, big
supply chain analytics implements highly effective statistical methods on
new and existing data sources. The insights gathered facilitate better
informed and more effective decisions that benefit and improve the supply
chain.
The term big data was first used to refer to increasing data volumes in the
mid-1990s. In 2001, Doug Laney, then an analyst at consultancy Meta
Group Inc., expanded the notion of big data to also include increases in the
variety of data being generated by organizations and the velocity at which
that data was being created and updated. Those three factors -- volume,
velocity and variety -- became known as the 3Vs of big data, a concept
Gartner popularized after acquiring Meta Group and hiring Laney in 2005.
Margaret Rouse asks:
What kind of big data analytics
challenges does your organization
face? And what are you doing to
overcome them?
Join the Discussion
Initially, as the Hadoop ecosystem took shape and started to mature, big
data applications were primarily the province of large internet and e-
commerce companies such as Yahoo, Google and Facebook, as well as
analytics and marketing services providers. In the ensuing years, though,
big data analytics has increasingly been embraced by retailers, financial
services firms, insurers, healthcare organizations, manufacturers, energy
companies and other enterprises.