The Concepts Of Big Data Analysis Essay - 1205 Words

Abstract—The important goal of this paper is to provide an overview on the concepts of big data analysis. Furthermore the growing emergence and importance of qualitative data analysis in the field of business intelligence and data science is broadly explained .It also marks out effective tools and techniques used to obtain prominent qualitative analytic results on the global level. Moreover we have concluded on the basis of comparison of the tools depending on various factors and parameters by representing it on a tabular manner. I. INTRODUCTION Today, the data consumption rate is tremendously expanding, the amount of data generated and stored is nearly imperceivable and highly growing. Big data that is nothing but a large volume of unstructured or structured data that runs in and out in to a business on daily basis. This big data is analyzed in order to achieve prominent business growth and improved business strategies [1]. Every year there is at least 40% increase in the amount of data growth on global level, leading to which companies have started adopting new data analytic techniques and tools and also have stepped ahead moving their data towards the cloud for their big data analytic requirements and for better analysis.[3][2] In big data analysis it is not the amount of data that is essential but how efficiently we handle, process and analyze it is the key factor. Big data analysis doesn’t revolve around how much data we occupy, it deals with how well you make useShow MoreRelatedStatistical Ana lysis : The Big Data Analytics1399 Words   |  6 PagesThe big data analytics deals with a large amount of data to work with and also the processing techniques to handle and manage large number of records with many attributes. The combination of big data and computing power with statistical analysis allows the designers to explore new behavioral data throughout the day at various websites. It represents a database that can’t be processed and managed by current data mining techniques due to large size and complexity of data. Big data analytic includesRead MoreIntroduction. Big Data Is One Of The Most Discussed Concepts1506 Words   |  7 PagesIntroduction Big Data is one of the most discussed concepts in the business world today. The concept of Big Data is one that has been increasingly debated over the past few years by many different kinds of business industries. One industry where this discussion is prominent is the accounting profession. Big Data will be defined more in-depth later on, but in shorter terms, Big Data refers to the exponential sum of data available in our world today. 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