Applications Of Big Data Analysis

Data analytics applications help in the optimization of traveler s buying experience via social media and mobile weblog data analysis.

Applications of big data analysis. Big data has been playing a role of a big game changer for most of the industries over the last few years. Big data has found many applications in various fields today. Applications of big data in the banking and securities industry. Big data analysis played a large role in barack obama s successful 2012 re election campaign.

Applications of big data in real life big data has totally changed and revolutionized the way businesses and organizations work. 7 big data examples. A study of 16 projects in 10 top investment and retail banks shows that the challenges in this industry include. Big data is a field that treats ways to analyze systematically extract information from or otherwise deal with data sets that are too large or complex to be dealt with by traditional data processing application software data with many cases rows offer greater statistical power while data with higher complexity more attributes or columns may lead to a higher false discovery rate.

According to wikibon worldwide big data market revenues for software and services are projected to increase from 42b in 2018 to 103b in 2027 attaining a compound annual growth rate cagr of 10 48. Big data gives an opportunity for this sector by the analysis of the competitive marketplace and customer interest. Today even banks retail traders hedge funds and other players in the financial markets use big data for trade analytics for pre trade decision support analytics predictive analytics and sentimental analysis. Spotfire is an in memory analytics platform that was upgraded to include support for big data repositories and perform predictive analytics.

It features a connector for apache hadoop which will let users perform data mashups data discovery and analytics tasks on big data the way they do with oracle sap and other traditional data sources. In this blog we will go deep into the major big data applications in various sectors and industries and learn how these sectors are being benefitted by. Banking and securities industry specific big data challenges. Focuses on storing a considerable amount of data and ensures proper management to employ big data analytics in healthcare.

The major fields where big data is being used are as follows. Big data application in retail industry the retail industry is leading from the front in a country s economy. This is why big data certification is one of the most engrossed skills in the industry. Big data analytics in healthcare is implemented and data mining is applied to extracting the hidden characteristics of data.

Big data analytics has proven to be very useful in the government sector.