BIG DATA NICOLAS MUNOZ. Topics What is Big Data? Benefits & Drawbacks How does it work? Companies doing Big Data Market for Big Data Applications of Big.

BIG DATANICOLAS MUNOZ

Topics• What is Big Data?

• Benefits & Drawbacks

• How does it work?

• Companies doing Big Data

• Market for Big Data

• Applications of Big Data

• Future of Big Data

• Questions?

What is Big Data?

1. Large, complex collection of data sets

2. Exponential growth and availability of data

What is Big Data?

Topics• What is Big Data?

• Benefits & Drawbacks

• How does it work?

• Companies doing Big Data

• Market for Big Data

• Applications of Big Data

• Future of Big Data

• Questions?

Benefits & Drawbacks Benefits• Faster analysis of data

• Complex analysis becomes feasible

• Cheaper systems

Drawbacks• Random correlations may be found

• Difficult to implement/convert to from old systems

Topics• What is Big Data?

• Benefits & Drawbacks

• How does it work?

• Companies doing Big Data

• Market for Big Data

• Applications of Big Data

• Future of Big Data

• Questions?

How does Big Data work?• Network of servers

• Each server stores part of the data

• Servers work in parallel during analysis

• Divide and conquer algorithms• MapReduce

• NoSQL/Non-relational database

Topics• What is Big Data?

• Benefits & Drawbacks

• How does it work?

• Companies doing Big Data

• Market for Big Data

• Applications of Big Data

• Future of Big Data

• Questions?

Companies doing Big Data

Topics• What is Big Data?

• Benefits & Drawbacks

• How does it work?

• Companies doing Big Data

• Market for Big Data

• Applications of Big Data

• Future of Big Data

• Questions?

Market for Big Data• $16.4 Billion industry

• Growing 6x faster than general IT market

• McKinsey 2013 report: 1.5 million data-literate managers needed in United States

• Every industry can benefit from using Big Data

Topics• What is Big Data?

• Benefits & Drawbacks

• How does it work?

• Companies doing Big Data

• Market for Big Data

• Applications of Big Data

• Future of Big Data

• Questions?

Applications of Big Data• Automotive• Connected vehicles• Improve safety; performance

• Healthcare• 80% of medical data is unstructured and clinically relevant• Legislative pressure to reduce cost of health care

• Science• LHC (Large Hadron Collider)• 100 collisions of interest per second

• Finance• Improve accuracy and speed of financial predictions• Integrating social media feeds into financial analysis

Topics• What is Big Data?

• Benefits & Drawbacks

• How does it work?

• Companies doing Big Data

• Market for Big Data

• Applications of Big Data

• Future of Big Data

• Questions?

Future of Big Data• Exponential growth of data

• On-demand, real-time, advanced analytics

• Full integration of different systems

• Enhanced security

• Fully personalized experiences

Questions?

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