What is Big Data?

What is it?

The large volume of data that inundates a business on a day to day basic, both structured and unstructured. It’s not the amount of data, it is what organizations do with the data that matters. Data can be analyzed for insights that lead to better decisions and strategic business moves. Yet they include data sets that are beyond the ability of commonly used software tools to capture, manage, and process data.

Why is Big Data important?

The importance of big data does not revolve around how much data you have but what you do with it. Data taken from any source and analyzed helps to find answers that enable:

  • Reductions in cost & time
  • New product developments
  • Smarter decision making

How does big data work?

Big data work on the principle that the more you know about anything or nay situation, the more reliably you can gain new insights & make predictions about what will happen in the future. By Comparing more data points new relationships will begin to emerge that were previously hidden, these relationships will enable us to learn and inform our decisions.

  • Building models on data collected
  • Running simulations
  • Tweaking the value of data points each time
  • Monitoring how it impacts our results

Challenges to Big Data include:

  • Capturing Data
  • Data Storage
  • Data Analysis
  • Searching, Updating, Transferring
  • Information Privacy
  • Visualization

 

References

Big Data what it is and why it matters

Big Data Wikipedia

https://www.forbes.com/sites/bernardmarr/2017/03/14/the-complete-beginners-guide-to-big-data-in-2017/#5859e87c7365

Big Data – Techtarget

Data Protection

As Data is sent around the world the growth of cyber crime has exposed the personal data on millions of consumer, which has led some jurisdictions around the world to look to regulatory measures to help to look to regulatory measures to help safeguard this personal data. Stricter rules about handling sensitive customer data are being, or have been, implemented to address these- concerns. The implementation of new data protection laws raises questions about if a jurisdiction are implementing  ways the prevent the ability to get their citizens’ data through legal ways.

Japan has reformed its privacy law and established specific rules for handling person information that would be applicable to cloud providers.

China has tightened laws on foreign data and cloud services, implemented new surveillance measures, and enhanced their scrutiny of cross-border data transfer. The regulations requires firms to store data locally in China, forcing cloud providers to transfer the management of their cloud businesses to Chinese-owned companies, or directly partner with Chinese ventures to comply to the regulation

 

Boarder in the Cloud By Keith Kirkpatrick