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The Covid-19 pandemic has catapulted one mysterious data website to prominence, sowing confusion in international rankings: By , Laura Perez Maestro, Sergio Hernandez, Gianluca Mezzofiore and Katie Polglase, CNN Published Tuesday, May 19, 2020 at 12:00 a.m. ET via Pocket https://ift.tt/36chpx7
Introduction to Big Data Analytics
With the improvements of innovations and technology over the years, organizations are now able to transform terabytes of data into actionable insights, which is nothing but big data analytics. In other words, it is a process of uncovering patterns, trends and correlations on large and diverse quantities of raw data to make data-informed decisions. In short, by big data we mean the dataset that is large in terms of volume and complexity. It is the datasets containing a large amount of diverse data, both structured as well as unstructured. Eg Bombay Stock Exchange, facebook etc. Previously, because of the sheer volume of data, traditional processing software’s were unable to handle such a huge quantity of data.
By Big Data, we mean an extremely large volume of data that comes in diverse forms and from multiple sources. For instance, every time you make online purchased, talk to a customer service representative, communicate with your virtual assistant, use your social media, emails, mobile apps, walk into a store etc., there are technologies that collects and process your data for their organization. Data is collected on a daily basis from employees, supply chains, marketing and financial teams etc.,
The process of Big Data Analytics is data collection, preprocessing, data cleaning, and analyze large datasets to identify patterns and trends to help make business decisions. Getting data into usable state takes time after collection, preprocessing, cleaning etc., Once data is ready, advanced analytics processes like data mining, predictive analysis and deep learning that turn big data into valuable trends and patterns are performed for informed business decision. For instance, by identifying the details such as customers age, gender, qualification, place, preference etc it is possible to guess the behavior of a person to target for personalized services.
With the explosion of data, big data tools like Hadoop, Spark and NoSql databases were created for storage and processing of big data, from the data collected from various sources viz., transactions, network, IoT. Sensors and more. Today, Big Data are being used with machine learning algorithms to discover and scale with complex insights.
Big Data Analytics is important because the companies can leverage their data for making improvements and optimizations across different business segments, increase efficiency, reducing costs, higher profits, handle competition, developing better customer centric products, and higher customer satisfaction.
URL : www.edujournal.com
Emerging Trends in Data Analytics and Data Science
In recent years, data analytics has emerged as one of the most in-demand job sectors. The vast amount of data generated by businesses, governments, and individuals require skilled professionals to analyze, interpret, and use it effectively. The field of data analytics is constantly evolving, and new trends and technologies are emerging all the time. In this blog post, we will explore some of the emerging trends in the data analytics job market.
AI and Machine Learning
Artificial intelligence (AI) and machine learning (ML) are rapidly transforming the data analytics landscape. AI and ML algorithms can analyze large amounts of data much faster than humans, and they can uncover patterns and insights that would be impossible to find otherwise. As a result, the demand for data analytics professionals with AI and ML expertise is skyrocketing. These professionals can help organizations develop and implement AI and ML solutions that improve efficiency, productivity, and customer experience.
Cloud Computing
Cloud computing is another emerging trend in the data analytics job market. Cloud computing allows businesses to store and access data over the internet, eliminating the need for on-premises servers and reducing costs. Cloud-based data analytics tools are becoming increasingly popular, and professionals with cloud computing skills are in high demand. Cloud-based data analytics tools are often more accessible and user-friendly than traditional tools, making it easier for non-technical professionals to use them.
Big Data
Big data refers to the massive amounts of data that organizations generate every day. Big data presents both challenges and opportunities for data analytics professionals. On the one hand, analyzing and interpreting big data can be a daunting task. On the other hand, big data provides a wealth of insights that can help businesses make better decisions. As a result, the demand for data analytics professionals who can work with big data is on the rise.
Data Visualization
Data visualization is the process of representing data in visual forms, such as charts, graphs, and maps. Data visualization is becoming increasingly important in the data analytics job market because it makes complex data easier to understand and interpret. Data visualization skills are highly valued by employers because they help communicate insights and findings to non-technical stakeholders. Data visualization tools are also becoming more sophisticated, allowing data analytics professionals to create highly engaging and interactive visualizations.
Natural Language Processing
Natural language processing (NLP) is the technology that enables computers to understand and interpret human language. NLP is an emerging trend in the data analytics job market because it can help businesses extract insights from unstructured data, such as social media posts and customer reviews. NLP can also be used to develop chatbots and virtual assistants that can interact with customers in natural language.
Data Privacy and Security
Data privacy and security are becoming increasingly important in the data analytics job market. With the increasing amount of data being generated, stored, and analyzed, there is a growing concern about data breaches and privacy violations. As a result, data analytics professionals need to be well-versed in data privacy and security best practices. They also need to be able to communicate these practices to non-technical stakeholders and develop solutions that protect sensitive data.
Business Intelligence
Business intelligence (BI) refers to the process of analyzing data to provide insights that drive business decisions. BI is an emerging trend in the data analytics job market because it enables businesses to make data-driven decisions that are informed by real-time data. BI tools are becoming increasingly sophisticated, allowing data analytics professionals to develop customized dashboards and reports that provide insights into specific business areas.
URL : https://www.edujournal.com/emerging-trends-in-data-analytics-job-market/
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A Cryptocurrency trading platform, experienced a large-scale security breach. The hackers withdrew about $150 million worth of assets
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