As the use of social media is exploding rapidly and the digital computing devices are widening over the web, the data is simply multiplying every moment. Facebook is presently dealing with petabytes of data every second and it is not at all easy to process such huge data. And analyzing this huge data can provide real-time information on the top emerging trends. So, the main thing where this article is going to focus upon is studying the applications of big data.
What is Big Data?
Data is simply nothing but a piece of information which can vary from small to big. And in depth, there are mainly three types of data. First, the data which can be stored in a RAM is known as small data, i.e. less than 10s of GBs. Second, any data which can be stored in Hard Disk is known as medium data, i.e. 10s to 1000s of GBs. And the data which can't be stored in a hard disk is known as big data which simply has a size of more than 1000s of GBs. To efficiently manage and process such large volumes of data, many businesses rely on ELT tools to extract, load, and transform data seamlessly.
Real-Time Applications Of Big Data
The top emerging techniques practiced in the big data industry is going to simply transform various industries including education, healthcare, agriculture, and a lot more. In fact, it is predicted that by 2025 the market for health-related financial analytics services using big data will increase to over 13 billion U.S. dollars. So, there is no doubt that big data is going to influence every sector quickly. Here is a list of domains which have implemented big data.
Healthcare Industry
Earlier, the healthcare industry hesitated to use big data for their operations due to the limited ability to consolidate data. But with time and advancement, the industry has realized the benefits big data can offer. Big data will improve the industry by offering personalized medicine and prescriptive analytics. Now researchers are finding more effective and painless solutions for treating particular health conditions. Moreover, mapping healthcare data with geographical data sets it will become easy for the physicians to predict diseases which can escalate in some specific areas.
Manufacturing
Predictive manufacturing requires an enormous amount of data and advanced tools for processing huge data and information. Big data into the manufacturing industry lets you enjoy various added features like- supply planning, defect tracking, product quality tracking, output forecasting, testing critical operations, and better support for mass-communication of manufacturing.
Media & Entertainment
Customers expectations are rising rapidly and they are demanding data access at any time, anywhere and on any device. So, big data can offer actionable points of info about billions of individuals. It will further help in convincing more and more people and even help in other fields including- scheduling optimization, predicting the audience needs, increasing acquisition and retention, content monetization, and ad targeting.
Internet Of Things
As the Internet of Things has gained the spotlight in recent time, the data gathered over the connected devices is simply becoming difficult to manage. Further, IoT gathers sensory data which is used in medical and manufacturing contexts.
Government Sector
Regardless of size, every country has to maintain data records of necessary activities which are carried out. It could be the citizens, their growth, economic records, geographical surveys, and a lot more. And big data will thereby assist the government sector in- making fast and quick decisions for politics, staying up to date in the field of agriculture, or even in overcoming the existing challenges like unemployment and so on.
These are just some of the applications of big data, it has a lot more to do with our daily lives. Feel something I missed out? Get in touch with us and let us know about your views. Our team would be glad to hear from you.
