Name and discuss three conclusions that can be drawn from of big data and provide examples
Big Data is a game-changer. Many organizations are using more analytics to drive strategic actions and offer a better customer experience. A slight change in the efficiency or smallest savings can lead to a huge profit, which is why most organizations are moving towards big data. The main conclusions of the event are:
1. Globally, the amount of big data is growing exponentially.
2. Big data are extremely large sets of data, so it is frequently better to talk about access to them rather than about their transmission. Many tools are available for working with big data; they are usually based on distributed processing.
3. There are not enough persons who know how to process big data. If we want to educate data scientists, knowledge necessary to work with big data has to be included in educational programs. A lot of material for education is available online. The educational program has to be interesting and practical.
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