Question

What is Big Data? Why is it important? Where does Big Data come from? EXplain with your own words please

Answer 1

Big Data:

Big Data can be defined as a kind of advanced analytic techniques which is used to analyze complex set of data which are large and diverse in nature. It typically means those data whose size or kind is beyond the ability of a traditional analytic system to capture and analyze.

Importance of Big Data is explained below:

1. In order to improve internal operations and overcome external competition these big data is used as an important tool.

2. Decision making can be quicker and better with quality when there is access to reports with the use of this big data analysis.

3. It can easily detect and mitigate errors and fraud which is the great benefit to the organization to hold it brand image in the market.

The Big Data comes from as explained below:

1. This concept typically comes from analytics and Data science which derives data complexity high volume, high velocity data.

2. When the size of the data grows it would be difficult to manage with the available analytical tools and hence data science comes into picture.

3. While big data clears structures and integrates a data, artificial intelligence and data science then get the result in a processed way.