BIG DATA ANALYTICS
What is Big Data Analytics?
Big
data analytics helps
businesses to get insights from today's huge data resources. People, organizations,
and machines now produce massive amounts of data. Social media, cloud
applications, and machine sensor data are just some examples.Big data analytics use different sources, and in different
sizes from terabytes to zettabytes.
Applications of Big Data
Healthcare
Big
data analytics have improved healthcare by providing personalized medicine and
prescriptive analytics. Researchers are mining the data to see what treatments are more
effective for particular conditions, identify patterns related to drug side
effects, and gains other important information that can help patients and
reduce costs. It’s possible to predict disease that will escalate in specific
areas. Based on predictions, it’s easier to strategize diagnostics and
plan for stocking serums and vaccines.
Media & Entertainment
Various
companies in the media and entertainment industry are facing new business models,
for the way they – create, market and distribute their content.
Media and entertainment
service providing company like Netflix, Amazon Prime, Spotify do analysis on
data collected from their users. Data like what type of video, music users are
watching, listening most, how long users are spending on site, etc are collected
and analyzed to set the next business strategy.
Big Data applications benefits media and entertainment industry
by:
Predicting what the audience wants
Scheduling optimization
Increasing acquisition and retention
Ad targeting
Content monetization and new product development
Spotify an on-demand music service, uses Hadoop Big
Data analytics, to collect data from its millions of users worldwide and then
uses the analyzed data to give informed music recommendations to individual
users. Amazon Prime, which is driven to provide a great customer experience by
offering video, music, and Kindle books in a one-stop-shop, also heavily
utilizes Big Data.
Traffic Optimization
Big Data
helps in aggregating real-time traffic data gathered from road sensors, GPS
devices and video cameras. The potential traffic problems in dense areas can be
prevented by adjusting public transportation routes in real time.
Real-time Analytics to Optimize Flight Route
With each
unsold seat of the aircraft, there is a loss of revenue. Route analysis is done
to determine aircraft occupancy and route profitability. By analyzing
customers’ travel behavior, airlines can optimize flight routes to provide
services to maximum customers.
Increasing
the customer base is most important for maximizing capacity utilization.
Through big data analytics, we can do route optimization very easily. We can
increase the number of aircraft on the most profitable routes.
E-commerce Recommendation
By
tracking customer spending habit, shopping behavior, Big retails store provide
a recommendation to the customer. E-commerce site like Amazon, Walmart,
Flipkart does product recommendation. They track what product a customer is
searching, based on that data they recommend that type of product to that customer.
As an example, suppose any customer searched bed cover on Amazon. So, Amazon
got data that customer may be interested to buy bed cover.
Next time
when that customer will go to any google page, advertisement of various bed
covers will be seen. Thus, advertisement of the right product to the right
customer can be sent. YouTube also shows recommend video based on user’s
previous liked, watched video type. Based on the content of a video, the user
is watching, relevant advertisement is shown during video running. As an
example suppose someone watching a tutorial video of Big data, then
advertisement of some other big data course will be shown during that video.
Big data applications in agriculture
Traditional
tools are being replaced by sensor-equipped machines that can collect data from
their environments to control their behavior – such as thermostats for
temperature regulation or algorithms for implementing crop protection
strategies. Technology, combined with external big data sources like weather data,
market data, or standards with other farms, is contributing to the rapid
development of smart farming.
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