Bigdata in a Nutshell - ExcelR Solutions
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  • Bigdata in a Nutshell

    I am trying to fit a mountain in a nutshell. Yes, trying to explain Bigdata in simple terms might be tricky, nevertheless let give it a me try.
    Would be glad to hear from you
    When we hear the term Bigdata, the general interpretation of the term is the Data which is Big. To explain big, we can imagine the Data of any major IT firms.
    Let’s assume an IT giant ‘Facebook’ as an example and try to answer a few questions

    • What size of Data does Facebook own?
    • What kind of Data does Facebook have?
    • Where would this Datastore?
    • What would they do with this Data?
    • How is Facebook benefiting from Investing on Data?

    Try find answers to these questions and I am sure you will get a lot of hints a for the question: What is Bigdata?
    So, what is Bigdata? It is a word which emphasizes 4 major characteristics of the Data generated in the current world

    • Volume – The size of the Data
    • Velocity – Speed of the Data generation
    • Variety – Type of Data generated
    • Veracity – Value (truthfulness) of the Data

    Imagine you run a business and own a few customer records of Data (assume 100 customers).
    We can manually try and analyze our customers using this Data, like what they purchase, when they purchase, what would they like to purchase etc., to customize our services.
    What If you have a few millions of customer records?
    Can we then manually be analyzing all that Data?…….It would be impossible.
    To handle this situation, we need tools and techniques that can be applied on Bigdata to draw meaning full insights. The hidden patterns can give business a competitive advantage as well as it allows organizations to derive new Innovative ideas to excel in their respective domains.
    Big data offers cities to obtain valuable insights from a large amount of data and help gather requirements of the applications of smart cities. The culmination of AI, Deep Learning, IoT, and Cloud computing offer tremendous opportunities to transform the ideas into reality. On such example is the Alibaba cloud in collaboration with Malaysia Digital Economy Corporation and Kuala Lumpur City Hall on the Malaysia City Brain initiative is to bring Kuala Lumpur as one of the onto the top-ranked smart city from 84th rank as quoted in 2017 Smart Cities Index survey conducted by Europe-based EasyPark Group.

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