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Big Data, Streaming Analytics

With big data infrastructure, companies are taking a new approach to gathering, processing, understanding and storing information..

With big data infrastructure, companies are taking a new approach to gathering, processing, understanding and storing information. The term Infrastructure generally refers to a combination of hardware and software along with their architecture, which is used to receive a very large amount of information and analyze it in a short time. This results in faster and more targeted business decisions. The benefit for companies using this infrastructure is a competitive advantage and increased profits.

Big data features
(3V Volume, Velocity, Variety)

Volume

Medium-sized businesses can manage GB or even TB of data on a daily basis.

Diversity

Unlike in the past, organizations are required to manage dissimilar data types from a variety of sources. In this case, the profit emerges from the operational efficiency due to the efficient methods of data integration, management, analysis and disposal.

Speed of data analysis and availability

For example, some indications can be detected in real time in order to make the right decisions.

Types of analysis

Descriptive analysis

Basic statistical analysis. The results can be averages, totals, frequencies, etc. Event analysis and categorization.

Prediction Analysis

It assists in the analysis of future events. Statistical models for forecasting such as consumption, supply, etc. help in
• Trends discovery • Deviation detection • Leakage detection • Consumption behavior analysis