Big Data The volume of data that one has to deal has exploded to unimaginable levels in the past decade, and at the same time, the price of data storage has systematically reduced. Private companies and research institutions capture terabytes of data about their users’ interactions, business, social media, and also sensors from devices such as mobile phones and automobiles. The challenge of this era is to make sense of this sea of data. This is where big data analytics comes into picture. Big Data Analytics largely involves collecting data from different sources, munge it in a way that it becomes available to be consumed by analysts and finally deliver data products useful to the organization business. Big Data Life Cycle In today’s big data context, the previous approaches are either incomplete or suboptimal. For example, the SEMMA methodology disregards completely data collection and preprocessing of different data sources. These stages normally con
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Data Analysis Data Analysis is a process of inspecting, cleaning, transforming and modeling data with the goal of discovering useful information, suggesting conclusions and supporting decision making. Types of Data Analysis Several data analysis techniques exist encompassing various domains such as business, science, social science, etc. with a variety of names. The major data analysis approaches are- * Data Mining * Business Intelligence * Statistical Analysis * Predictive Analytics * Text Analytics Data Mining Data Mining is the analysis of large quantities of data to extract previously unknown, interesting patterns of data, unusual data and the dependencies. Note that the goal is the extraction of patterns and knowledge from large amounts of data and not the extraction of data itself. Fig - Data Mining Process Data mining analysis involves computer science methods at the intersection of the artificial intelligence, machine learning, statisti