For the first time since 1918, which is when the Spanish flu wreaked havoc on the global population, killing some 50 to 100 million people and shrinking the global economy by 5 per centx, the world is in a pandemic. The novel coronavirus - otherwise known as COVID-19 - was declared a pandemic by the World Health Organisation last Wednesday, sending shockwaves throughout the … [Read more...] about Could Big Data Help us Fight The Global COVID-19 Pandemic?
Big Data
Learn everything you need to know about big data. Find out how companies are using this revolutionary technology and what it means for your business strategy.
Technology Driven Insurance Data Analytics
The nature of the Insurance industry being data-centric, insurers abide by the policy of keeping data as a treasure for their respective growth. This data can only be turned into a gold mine of Insurance Data Analytics by in-depth analysis of other engagement areas of the customer and the insurer depending upon the kind of insurance one prefers. For example, when a car … [Read more...] about Technology Driven Insurance Data Analytics
Supercomputer Completes Massive Coronavirus Calculations
Scientists are fighting back against COVID-19 with the help of supercomputers. Using the Frontera supercomputer project, researchers are developing a coronavirus model to learn more about its effect on the body. This research could help scientists develop a treatment for the disease. With an accurate simulation, scientists could test how the virus reacts under various … [Read more...] about Supercomputer Completes Massive Coronavirus Calculations
Using Analytics for Better Decision-Making
In the present hyper-competitive world, the vast explosion of data and the pressing desire to stay at the forefront of competition has encouraged organizations to put more focus on using analytics for driving strategic business decisions. Business analytics is allocating managers and executives to understand the dynamics to foresee market shifts of business and manage risks. … [Read more...] about Using Analytics for Better Decision-Making
Everything you need to know about Data security
At a global level, there's been a constant rise in cybersecurity threats. As a result of this, the need to secure your data and be up-to-date with the cybersecurity trends is quintessential. So, what is data security, and why has it become the need of the hour? When you have to protect your digital data from attack or corruption, such as a cyber-attack or a data breach by an … [Read more...] about Everything you need to know about Data security
What is big data?
Big data is a term that refers to the massive amount of digital data created and shared every day. Big data can transform how we live, work, and communicate. It can be used to improve everything from public health and urban planning to business and marketing.
Big data is also changing the way we think about privacy and security. The volume, velocity, and variety of big data present challenges and opportunities for organizations and individuals. Regardless, big data is here to stay, and its impact will only continue to grow in the years to come.
What is big data analytics?
Big data analytics is the process of turning large, complex data sets into actionable insights. Businesses use various analytical tools and techniques, including machine learning and statistical analysis, to do this.
Big data analytics can be used to improve decision-making in areas like marketing, operations, and customer service. It can also be used to identify new business opportunities and optimize existing processes. With the help of big data analysis, businesses can gain a competitive edge by using their data better.
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When was big data introduced?
The term big data was coined in the 1990s, with some giving credit to John Mashey for popularizing the term. However, the concept of big data has been around for much longer.
Where does big data come from?
In the early days of computing, scientists and businesses began to realize that the amount of data being generated was increasing exponentially. As a result, they began to develop new methods for storing and processing data.
Over time, these methods have become increasingly sophisticated and have played a key role in enabling businesses to make sense of vast amounts of information. Today, big data is used in various industries, from retail to healthcare, and its importance is only likely to grow in the years to come.
What are examples of big data?
One of the most common examples of big data is social media data. With over 2 billion active users, Facebook generates a huge amount of data every day. This includes information on user interactions, posts, and even location data. Analyzing this data can help companies better understand their customers and target their marketing efforts.
Another example of big data is GPS signals. These signals are constantly being generated by devices like cell phones and fitness trackers. When combined with other data sets, GPS signals can be used to provide insights into everything from traffic patterns to human behavior. Finally, weather patterns are another type of big data set. By tracking these patterns over time, scientists can better understand the impact of climate change and develop strategies for mitigating its effects.
How do companies use big data?
Companies use big data in marketing, product development, and customer service. By analyzing large data sets, businesses can identify patterns and trends that would be otherwise difficult to spot. For example, a company might use big data to track customer behavior patterns to improve its marketing efforts.
Alternatively, a company might use big data to improve its products by identifying areas where customers are most likely to experience problems. For instance, big data can be used to improve customer service by finding pain points in the customer journey. Ultimately, big data provides companies with a valuable tool for gaining insights into their business operations.