BIBA students at FCU blog about big data

Top 20 Best Big Data Applications & Examples in Today’s World This blog is based on this article which is written by  PARIJAT DUT . The link:  https://www.ubuntupit.com/best-big-data-applications-in-todays-world/ Before taking this course, I merely know this rising technology called big data analysis. However, since I started to grasp this course, the more I know, the more surprised I am. Take the gambling industries as an example, if the casino implements the big data analysis for making the execution strategy, they can identify which games are much more profitable and popular. What is more, the oddsmakers can also set up the most reasonable odd through the big data analysis to prevent offering too costly payoff to the players. Aside from the entertainment industries, big data analysis is common in our daily life. From food, clothing, housing, transportation to education,  the application almost covers our life. First of all, the most well-known fast-food b...

D0780865 李佳禎 Grace Li website:  https://www.simplilearn.com/big-data-applications-in-industries-article The study indicates top 10 applications of big data across industries. The ten applications are banking and securities, communications, media and entertainment, healthcare providers, education, manufacturing and natural resources, government, Insurance, retail and wholesale trade, transportation and energy and utilities. Industry influencers, academicians, and other prominent stakeholders certainly agree that big data has become a big game-changer in most, if not all, types of modern industries over the last few years. As big data continues to permeate our day-to-day lives, there has been a significant shift of focus from the hype surrounding it to finding real value in its use. For banking and securities industry, big data is used for monitor financial market activity, also for risk analytics. Big Data providers are specific to this industry includes 1010dat...

How is Big Data Impacting Social Media Marketing? Website:  https://insidebigdata.com/2018/10/06/4-major-ways-big-data-impacting-social-media-marketing/ Social Media is no longer used only for communication. Nowadays, majority of online and physical businesses only social media pages in order to market and sell their products. Big Data allows for business numbers to keep an eye on their competitors and gain competitive edge. Let's take a look at some of the ways in which this happens. Personalization Brands can now personalize their approaches to their consumers thereby also creating a trust between them. Big Data allows for personalized advertisements and less obtrusive ads.With personalized ads, producers tend to have a closer relationship with their consumers. I, personally, do believe that ever since the increased use of social media, there has been a deeper connection with some business owners. Big Data makes it easier for businesses to display their items. Decisio...

D0740712 Connie 吳霈晴 Website: https://www.futurefarming.com/Tools-data/Articles/2019/7/4-ways-big-data-analytics-are-transforming-agriculture-450440E/ Big data is forming our future lives. From human basic needs-health, education, entertainment-film industry, even to agriculture, it is going to bring innovations. This article directly listed out 4 ways of how big data influencing and transforming agriculture. According to the article, the forecasters predicted that the global agriculture analytics market will increase to $1.236 billion in 2030, which is ten years later. The reason is that more and more farmers will adopt “data-driven solutions” which means like artificial intelligence and machine learning to collect useful and related information in order to aggregate trends, evaluate risks and reward, track supplies and increase the yields. Boosting productivity, managing environmental challenges, cost savings& business opportunities and better supply chai...

D0740712 Connie 吳霈晴 Website: https://sofy.tv/blog/pros-cons-using-big-data-movie-making/ As you can see from the article that big data has more advantages than disadvantages in the film industry. 7 advantages to 3 potential disadvantages, despite the fact that 7 advantages which were mentioned in the article seem beneficial in the future, there are still some disadvantages that might face and should be coped with either. The 7 advantages were listed below, and in my opinion, both reducing production cost and increased agility for greater innovation are the two most influential factors in the business field. In fact, every point is associated and connected to each other. 1.      Decision-Making 2.      Increased Productivity 3.      Reduce Production Costs 4.      Improved Customer Services 5.      Increased revenue 6.      Increased agili...

Website 4 :  https://www.supplychaindigital.com/technology/big-data-revolutionising-supply-chains The study indicates that with the addition of supply chain analysis, manufactures, retailers, distributors can now optimize how best to get products to customers. This has resulted in a 425% improvement in order-to-delivery times. Big data always helped transactions creating a knowledge-sharing network and it became an important analytics. Also transactions allowed us to capture how, where and when people make purchases. Not only have the previous advantages, big data also reduced the transaction cost that related to leading time. People can decide when to reorder base on the big data information improvement. In the service industry, the customers always as the right decision position. The suppliers have to do anything to satisfy their customers. Because of the big data, suppliers also have the opportunity to anticipate based on previous orders and market trends. It is ...

Website 3  : https://blog.bismart.com/en/big-data-technologies-tourism The study says that tourism is big business; the World Tourism Organization estimates that it makes up about 10% of world GDP and creates one in every 11 jobs and on the rise.        Big data can manage the tourism target market and target it more accurate. The old-style measure usually assess from traditional indicators. It took more time and without outstanding results. Another study indicates that the trends in U.S tourism showed that big data was particularly useful to be able to get data about visitors’ points of entry. Like their preference, where they come from, and whether they are traveling for business or pleasure. This method can let the tourism industry focus on the right market and make advantages.        By using big data, the tourism customers also benefit from it such as helping in decision-making process; they c...

Website 2 : https://easternpeak.com/blog/big-data-in-the-banking-industry-the-main-challenges-and-use-cases/ According to the study, the worldwide revenue for big data and business analytics solutions is expected to reach $260 billion by 2022. And the banking industry is one of the business domains that makes the highest investment in big data.  There are several benefits of big data in the banking industry. For example big data can be used to enhance the cybersecurity and reduce risks, increase customers’ experience for a more individualized business relationship. Also big data can help the banking industry to achieve user segmentation and targeting, generating additional revenue by using highly targeted marketing strategies. Last but not the least, big data could optimize and automates the business process, because of the advanced automation, banks can experience cost-saving and reduce the risk of failure by eliminating the human factor.  But there are s...

Website 1 : https://www.fingent.com/blog/5-ways-big-data-is-changing-the-healthcare-industry The article shows several ways big data is changing the healthcare industry. It is clear that the aging society could bring more times about physical pain to the elders. Now I am going to introduce some ways that how big data could improve the healthcare industry. First, big data can prevent human errors. There are examples that the professionals tend to either prescribe a wrong medicine or dispatch a different medication by mistake. Using big data can confirm the data potential out of place prescriptions to reduce mistakes and save lives.   Second, big data can assist in high-risk patients. Big data means digitized, it can identify the patients approaching the hospital repeatedly and identify their chronics. This way can give patients better care and provide insight into corrective measures to reduce their frequent visits. It can always check on the high-risk patients an...

Student Name: Praewwanit Tiwasing ( 倪婉欣 ) Student ID: M0798633 Blog#5: A Complete Tutorial to learn Data Science in R from Scratch Website:  https://www.analyticsvidhya.com/blog/2016/02/complete-tutorial-learn-data-science-scratch/?fbclid=IwAR3Zoh5-s5_0ttC8u3qbbKSsYmKUUXUFUb9qbkI_PKmypGsxpciXwDHYSGA The author provides tutorial on data exploration, data visualization, data manipulation, building models using Regression, Decision Trees, and Random Forest Algorithms which used in predictive modeling in R. Here are what I have learned so far from this blog: 1. Basic of R programming: Understand the benefits of R, learn how to install R Studio and R Packages, and basic computations in R. 2. Essentials of R programming  - Data Types: Realize the difference of data types which includes vector, matrices, data frames and list. - Control Structures: Control the flow of code written inside a function. - Useful R package: The author suggests pa...

https://www.scnsoft.com/blog/big-data-challenges-and-their-solutions In this post, we will be exploring seven major problems that exist with big data, as well as some of the solutions posed for these problems, according to the article. The information provided in the article is taken from big data consultants. Insufficient Understanding And Acceptance of Big Data Many companies, employees and even individuals find themselves with this problem. They do not know what big data is, how it is used, what software should be used or even the advantages of big data. Failure to know about these things or even inadequate knowledge in detail could result in losses and waste such as time, money, other resources and even complete project failure. Furthermore, this ignorance could lead to slowing down the companies progress, especially as technology continues to advance. So, how should this problem be solved? The key step is to have those at the top of the hierarchy such as managem...

Website:  https://channels.theinnovationenterprise.com/articles/3-ways-big-data-is-changing-sports    Data has been used by team for many years on the road to victory.   Official make use of social media platforms  to interact and gain more information about fans in order to boost their experience and improve a team's reputation. Big Data is used to check on players'' their hydration levels, protein levels, fatigue levels and so on.   Some universities use large algorithms to attract persons to their universities and also for recruiting athletes. The university of Virginia, for example, has algorithms that help them determine how far an athlete can reach in football and the likelihood of making it to a huge competition such as the NFL or attending their university or other schools. his helps recruiters choose their prospects and also informs them of the areas where the individuals need assistance.   Big Data is also of use to those who aren'...

What is the difference between Big Data and Data Science? Website:  https://www.educba.com/big-data-vs-data-science/ Big Data refers to the large amounts of data which are too difficult to store and process in real-time. Data Science is the large field involved in using scientific methods to process and mine the Big Data. The top 5 comparisons between Big Data and Data Science are as follows: Meaning Big Data refers to large masses of data which needed to be handled using measures beyond database programming and is characterized by volume, variety and velocity. Data Science, on the other hand, refers to the various processing big data approaches. It is similar to data mining. Concept Big Data consists of all different data types derived from all different data sources whereas Data Science is a specialized field which provides organizations with techniques and other measures for processing Big Data. Basis of Information Big Data is a lot simpler than Data ...

D0740712 Connie 吳霈晴 Website: https://www.colocationamerica.com/blog/big-data-and-education As long as the users of the internet increase, more and more data and information are produced. For the education aspects, big data can benefit both teachers and students. There are many ways to say how big data leverage through the education field. At the meanwhile, it also provides two faces, according to the article that the disadvantages of big data may impact. The most important impact that refers to the article is Learning Management Systems. It makes teachers easier to manage, grade and track students’ performance. This also can help improve and create a better learning experience for students. Another beneficial factor that I think is quite interesting but feels a little invasive is that by collecting and analyzing the data which comes from different sources like any kind of social media or blogs are able to measure and know what specific field they are more interested in....

D0740712 Connie 吳霈晴 Website:  https://www.ie.edu/business-school/news-and-events/whats-going-on/big-data-artificial-intelligence-can-help-covid-19/ In 21 st century, when it comes to new technology trends, it makes us think of the convenient life that leads to the future which we may experience. Autonomous cars, digital twins, artificial intelligence, big data, internet of things and so on. In this emergency period, COVID-19 has influenced throughout our daily lives globally. As it mentioned inside the article, we need to use modern tools to deal with the threats that occurred now. Big data and artificial intelligence are those we already knew. These two technological tools have played a vital role in various field including medical sources especially COVID-19. Unlike in the past, we can access the data more efficiently by applying big data. The research of genomic for COVID-19 helps the researchers understand the new virus's inner information, for example, the...

Website: https://www.whizlabs.com/blog/big-data-analytics-importance/ According to the article, Big Data refers to large amounts of data both structured and unstructured. Big Data is described as a phenomenon which became popular at the start of the 21st century. Businesses and other netizens (people who use the internet) create very large amounts of data on a regular basis.  The article examines four perspectives to help us better understand why Big Data Analytics is important. These perspectives include: Data Science Perspective, Business Perspective, Job Market Perspective and Industries Perspective. Many large businesses use techniques such as data mining, machine learning, natural processing and statistics in order to get an analysis. First, the data is extracted from the source, then it is prepared and blended for use. The sets come from many different sources such websites, networks and one of which has become increasingly popular these days; social media. Specia...