Big Data Introduction: Understanding Data and Big Data

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Why has the popularity of Data Science grown manifold over the last few years?

The popularity of Data Science has grown manifold over the last few years because companies use the massive amount of collected data to understand their customers and their behavior better.

What is the definition of Big Data?

Big Data is a collection of data that is huge in volume, yet growing exponentially with time.

What is the main reason traditional data management tools cannot efficiently handle Big Data?

Traditional data management tools cannot efficiently handle Big Data due to its large size and complexity.

Define the term 'Data' in the context of computer operations.

Data refers to the quantities, characters, or symbols on which operations are performed by a computer, which may be stored and transmitted in the form of electrical signals and recorded on magnetic, optical, or mechanical recording media. Signup and view all the answers

What kinds of activities contribute to the generation of Big Data?

Every click on the internet, every bank transaction, every video watched on YouTube, every email sent, and every like on Instagram posts contribute to the generation of Big Data. Signup and view all the answers

Why do companies find it logical to use the massive amount of data collected?

Companies find it logical to use the massive amount of data collected to understand their customers and their behavior better. Signup and view all the answers

What is big data?

Big data is a term that describes large, hard-to-manage volumes of data – both structured and unstructured. Signup and view all the answers

What is an example of Big Data generated by the New York Stock Exchange?

The New York Stock Exchange generates about one terabyte of new trade data per day. Signup and view all the answers

When did the concept of Big Data gain popularity?

The concept of Big Data gained popularity in the early-mid 2000s. Signup and view all the answers

How much new data is ingested into the databases of social media site Facebook every day?

500+ terabytes of new data get ingested into the databases of social media site Facebook every day. Signup and view all the answers

What are some examples of sources that contribute to big data?

Transaction processing systems, customer databases, documents, emails, medical records, internet clickstream logs, mobile apps, and social networks are examples of sources that contribute to big data. Signup and view all the answers

How much data can a single Jet engine generate in 30 minutes of flight time?

A single Jet engine can generate 10+ terabytes of data in 30 minutes of flight time. Signup and view all the answers

How do companies use big data in their systems?

Companies use big data in their systems to improve operations, provide better customer service, create personalized marketing campaigns, and make faster and more informed business decisions. Signup and view all the answers

What valuable insights can big data provide into customer behavior?

Big data provides valuable insights into customers that companies can use to refine their marketing, advertising, and promotions in order to increase customer engagement and conversion rates. Signup and view all the answers

What are some forms of big data?

Images, videos, and audio files are forms of big data, and many big data applications involve streaming data that is processed and collected on a continual basis. Signup and view all the answers

What potential competitive advantage do businesses gain by using big data effectively?

Businesses that use big data effectively hold a potential competitive advantage over those that don't because they're able to make faster and more informed business decisions. Signup and view all the answers