Is it December already? Where did 2019 go? The data science industry hasn't gone down though. It is now that we're experiencing the industry becoming normal and data scientists upskilling with the latest data science skills. Barely, we find a day that passes by without hearing a buzz from the tech industry. 2020 will be a year where data science professionals will still seek to … [Read more...] about Why Forging a Data Science Career is Still a Brilliant Idea
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.
Data Analytics Framework: Helps Entrepreneurs to Discover New Insights
Every entrepreneur these days needs valuable insight and data, which helps them to understand and know their target audience. It is also essential for entrepreneurs to know what are their customer's preferences and how they can satisfy most of them. The process of gathering all the information related to business can be termed as big data. There is nothing wrong with saying … [Read more...] about Data Analytics Framework: Helps Entrepreneurs to Discover New Insights
‘Complicated and Interesting Questions Motivate Us’
Complicated and interesting questions motivate us' Emma Gottesman, head of Data Analytics As head of Data Analytics, Emma supervises 60 driven analysts and data engineers. Her team collects data from the past 20 years from every corner of the bank. By organizing, analyzing and preparing the data, they create reliable building blocks for models that can be used to predict the … [Read more...] about ‘Complicated and Interesting Questions Motivate Us’
How to Use Data to Guide Your Fantasy Football Draft
Sports fans can figure out their fantasy formula for league success by using data to gain an edge. If you're a fan of fantasy football, you probably have a wealth of team history in your head. However, there's something better than memory that can help you to strategize your draft picks. By using software to track game stats, you can find the hidden player value that often goes … [Read more...] about How to Use Data to Guide Your Fantasy Football Draft
5 Ways Big Data Could Impact Solar Power in 2020
There are several core technologies available today that are helping to create an efficient, productive and sustainable future for humankind. Solar power and big data are just two of these technologies. Together, they're changing how energy is bought, sold, delivered and used responsibly. Below is a look at five ways big data is set to take solar power to new places in 2020 and … [Read more...] about 5 Ways Big Data Could Impact Solar Power in 2020
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.
Want to learn more about big data? Datafloq has courses available. Contact us to get started.
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.