Tuesday, 23 April 2019

Need To Know What Big Data Is?


Just like cloud computing, Big Data has become a hot topic of 2012. What lies behind the hype?

In this hyper-competitive world, forcing the rival company to continuously reduce margins, business sees big data as an opportunity to get the ultimate weapon in the fight for survival. As predicted by the experts, by the end of 2012, over 90% of the Fortune 500 will actively prepare for at least a few initiatives in the region of big data. What is big data and why they have to worry about?

What Is Big Data?

The Simplest Definition

The term “Big Data” refers simply to the management and analysis of large amounts of data. According to the report, Big Data: The next Frontier for Innovation, Productivity and competition, the term “Big Data” refers to data sets whose size is beyond the capabilities of typical databases (DB) Named by, storage, management and analysis of information. In addition, the world’s data repository is definitely growing. As presented in mid-2011, the report analyst firm IDC “Digital Universe Study” predicted that the total global volume of data created and replicated in 2011 could be around 1.8 zettabyte (1.8 trillion. gigabytes) – about 9 times more than what was established in 2006.



More Complex Definition

However, “Big Data” suggests something more than just an analysis of huge amounts of information. The problem is not that the organization creates huge amounts of data, but the fact that most of them are presented in a format that poorly match the traditional format of a structured database – web-logs, videos, text documents, or machine code, for example, geospatial data. All of this is stored in a variety of different stores, or even outside the organization. As a result, corporations are able to have access to the huge volume of the data and do not have the necessary tools to establish the relationship between these data and make them the basis for meaningful conclusions. Adding the fact that the data is updated more often, and you have a situation in which traditional methods of analysis of information cannot keep up with the huge volume of constantly updated data, which ultimately paves the way to big data technologies.

Best Definition

In fact, the concept of big data involves working with a huge amount of information and a variety of very frequently updated data and located in different sources in order to increase efficiency, create new products and improve competitiveness. Big data has a combined engineering and technology that extract meaning from the data at the extreme limit of practicality.

Real Trend or Just a Hoax?

Doubters

Not everyone in the IT industry believes that big data has the same “high” value, as the myth created around it. Some experts say that the access to the heap of facts and the ability to analyze does not mean that you do it right.

Some experts are arguing that this is a dubious competitive advantage – to spend hours pondering the data that everyone has, and that the idea of big data is the use of new information and draw conclusions, which no one did. Even in this situation, it is important to quickly understand the meaning and context to data, and in some cases, it can be difficult.

When Will The Time Come For Big Data?

Experts do not think that companies should dive into the topic of big data, if they do not believe that it will bring answers to their questions.

The leaders of the industry should be able to describe the problem they want to solve with the help of big data, whether the acceleration of existing processes (for example, to detect fraud) or the introduction of new, previously considered impractical or too expensive (for example, streaming data from” smart “sensors and assessment of the impact peak of meteorological information to fluctuations in demand). If you cannot articulate the purpose of their efforts in the field of big data, do not begin to deal with them.

This process requires an understanding of what information is needed to make better decisions. If the best way of obtaining such information is the analysis of large data, the more likely it is time to start moving in that direction. If such information can be obtained using conventional technology business analysis, it may be time to use big data, which is not yet come.

How Big Is The Difference Between Business Intelligence And Big Data?

The business process analysis is a descriptive analysis of the results achieved by the business during a certain period, while the speed of processing large data leads to predictive analysis that can offer business advice for the future. Technology allows large data to analyze more data types in comparison with business intelligence tools, which allows focusing on structured repositories.


Working with large data is not like the normal process of business intelligence, where a simple addition of the known values yields the result: for example, the result of the addition of data on paid bills become sales for the year. When working with large data result is obtained in the course of their treatment by the successive modeling: first, a hypothesis, based statistical, visual or semantic model, based on its fidelity to the hypothesis is checked, and then makes the following. This process requires the researcher or interpreting visual values or making interactive queries based on the knowledge or the development of adaptive algorithms, “Machine Learning“, the ability to obtain the desired result. The lifetime of this algorithm can be quite short.

Pitfalls

Do You Know Where Your Data Is?

It makes no sense to implement a solution for working with large data-only to realize that critical information scattered throughout the organization cannot reach unknown places.  Most companies already do not possess all the information within their own organizations, and just die in the attempt to analyze the additional information obtained from processing of large data.

Lack of Skills

Even if a company decides to implement technologies to handle large data, it may encounter difficulties in attracting qualified employees. From specialist to work with the data (as well as their intellectual analysis) requires a unique combination of skills, including a strong background in mathematics and statistics, a deep knowledge of statistical tools such as SAS, SPSS, or based on open source statistical package; ability to find patterns in the data. All of this must be supported by a good knowledge of the subject area and excellent communication skills to understand the problems of intelligence and how to resolve them.

Finding specialists that meet this combination of requirements is not easy, as it takes about half a million managers and analysts to work on the analysis of big data and make decisions based on the results.

For staff, it is important to fully understand what they are doing. Big Data form the relationship, and then you are the only solution, whether they are reliable in terms of statistics or not. The number of permutations and possibilities that you can make means that many people can affect the result.

Personal Data

Tracking of personal customer data in order to stimulate demand seems an attractive idea for the seller, but does not seem necessary for the purchaser of this product. Not everyone wants to make their life become the subject of analysis and depending on how you will develop rules for the use of personal data in a variety of different countries, companies will be cautious in their plans to work with big data, including methods of data collection. These rules may result in fines in the case of very aggressive policy in this area, but even greater risk may result in the loss of trust.

Safety

Customers trust companies to ensure the security of their personal data. However, since large data represents a completely new area for these products, which were developed without adequate attention to safety issues, despite the fact that the vast amounts of stored information make the task of ensuring the safety of their storage, is more important than ever before.

Over the last year or two, there have been several well-publicized cases of leakage of confidential data, including the leakage of information about hundreds of thousands of customers. The government promises to review the laws on notification of cases of leakage of confidential information from the time of the 2008 analysis of the security of personal data. The government advises companies to be prepared for a situation where they will be required to inform customers about the cases of loss and theft of personal data. In addition, government said that they would take tough measures against organizations that are having an irresponsible storage of sensitive information.

Steps to Large Data.

If you decide to move in the direction of big data, it is important to be fully prepared and to approach the project in an organized way, to answer a number of questions.

What would you like to know? Here we have to decide what you want to find out with this big data, which we cannot get from the current system. If the answer is – nothing, then maybe you should wait to start this project.

What are your information assets? Can you build in the asset system of cross-references to certain laws and formulate lessons? Is it possible to create new products for data on these assets? If not, then how can you make this possible?

Once you figure it out, time to prioritize. Select the most potentially valuable area for the application of the techniques and technology of big data, prepare a business case to run “pilot” (proof of concept), drawing attention to a set of skills that you will need in the implementation. You will need to speak with the owners of the data to get a complete picture.

Run a pilot project and make sure you have well-formulated test completion, to assess the results. This may be a good time to offer the owner to take responsibility of information resources for the project.

For the conclusion of “pilot project”, estimate how it works, are you getting real conclusions and recommendations? Whether the work is paid off? Can this project be replicated in other parts of the organization? Is there any other information that can be included in it? This will help to answer the question – whether to launch a full project made by “pilot”, or something must be correct?

So what are you waiting for? Time to think about the Big Data.

Tuesday, 16 April 2019

How would Smart IoT shape our lives in the future?


The concept of ‘connectivity’ is going beyond laptops and smartphones as we see it moving towards smart cities, smart homes, smart retail, smart farming, connected cars, connected wearable devices and connected healthcare. In short a connected life. The Internet of Things is a popular terminology these days, but unlike many technological fads, which have come and gone in the last years, the Internet of Things proves to be an important trend, which is having long lasting effects on the society. The term “Internet of Things” itself is used to mean a variety of ideas. The IoT cloud platform is primarily designed to store and process IoT data and forms the core of all IoT devices and IoT solution. The platform is built in a way that it enables taking in a huge amount of data generated by sensors, websites, applications and initiate actions for real-time responses and analytics.


For example, Smart Refrigerators can automatically order the run out items, similarly when you use Smart Locks, you do not need to have multiple keys for them, and you can unlock them by using smart phones. The platform can provide businesses with an extensive and integrated perspective of customers, without needing much technical expertise of a data analyst. The platform can intake lot of events each day and users can define rules that state events to act on and what actions to take. The demand for cloud enabled IoT services and solutions is rapidly increasing. A report by Zinnov Zones says India has about 43 per cent or $1.5 billion of the global $3.5 billion IoT market. Experts predicts that Indian IoT market will grow from $1.5 billion today to more than $9 billion by 2020 with over 2.7 billion connected devices and growing. Another Gartner report predicts, by ‘2020 the number of connected devices across all technologies will reach to about 20.6 billion’.

The real world IoT-Cloud platform application:

Smart Home Automation

How would you feel if you could switch off lights after you left home/office or switch the AC on before reaching home? With IoT, taking shape there is introduction of a world where all the smart devices can be in constant connection with each other and are monitored by users remotely via voice commands or by a simple click. With the rapid growth of IoT, it is predicted Smart Homes will be as common as smart phones. It has also been predicted by Gil Press that more than two thirds of consumers plan to buy connected technology for their homes by 2019.



Smart Wearable Technology

A detailed report by TechRepublic says in 2016, wearables were sold at a rate of 38 million and a large portion of them was fitness trackers and smart watches. These two classifications will make up a joint income of $4.9 billion. Wearable devices are installed with sensors and software is which collect data and information about the users. This data is later pre-processed to extract essential insights about the user. The pre-requisite from IoT technology for wearable applications is to be highly energy efficient, low power and small sized. The productivity of data processing achieved by various smart wrist wear, hearable, and smart glasses is getting closer to where wearables will bring exceptional value to our lives.



Connected Vehicles

Gartner predicts that about 250,000,000 connected cars will be out on the roads by 2020. So, what really are connected cars? IoT engineers have come up with an industry solution for connected automobiles that gathers, analyzes, stores and takes action on vehicle sensor data. A connected vehicle is one, which is able to improve and analyze its own operation, maintenance as well as comfort of passengers using onboard sensors and internet connectivity. IoT for automobiles is a vehicle-to-cloud offering that enables awareness of the environment even beyond the vehicles and helps use information to establish a relationship with the driver as well.

Industrial Internet

The IIoT (Industrial IoT) enables industrial engineering with sensors, software and big data analytics to build intelligent equipment. Smart machines are precise and consistent than humans in communicating data. In addition, this analytics on the generated data can help companies pick inabilities and problems fast. In the meanwhile, did you know that about 5.4 million IoT devices would be used on oil extraction sites by 2020 to provide environmental metrics about extraction sites?

Smart Cities

IoT has the potential of solving major problems faced by the people living in cities like pollution, traffic congestion and shortage of energy supplies etc. IoT will empower cities to leverage their network to offer advanced smart city applications for citizens, new eco-sustainability initiatives and create first-hand opportunities for enterprise development.



IoT in Agriculture

To help increase farm performance, IoT technology providers continue to develop IoT cloud based platforms that can sense, process and communicate precisely measured environmental data. Farms are becoming more connected as farmers realize the potential of IoT in helping them reduce cost while achieving improved results.

Smart Retail

IoT Smart Retail enables stores to revolutionize customer service while saving time and money, while simultaneously providing the consumer with a seamless shopping experience. By installing this system, retailers are also able to recapture investment dollars while surpassing expectations for tech-savvy consumers. Some of the components included in Smart Retail are Power shelf, Beacons and Digital Price Tags.

IoT for Healthcare

Research says IoT in healthcare will be enormous in coming years. It is aimed at enabling people to live healthier life by wearing connected devices. For example, through IoT, doctors can use GPS services and be prepared for treating patients being brought to the hospital in emergency cases.

IoT in Telecom Industry

Global telecom operators now use IoT enabled digital platforms that are a combination of connectivity, analysis, security, mobile and cloud to support businesses. This is helping them reduce operating costs while enabling end-users to consume technology in a business-focused manner saving time and money.