Tag Archives: big data analysis

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Big Data Analytics: Modern day Use Cases

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The primary goal of Big Data Analytics is to help companies make more informed business decisions by enabling data scientists, predictive modelers and other analytics professionals to analyze large volumes of transaction data, as well as other forms of data that may be untapped by conventional business intelligence (BI) programs. History and evolution of Big Data Analytics [1]…

Hadoop in Banking: The Game Changer

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What is Hadoop? Apache Hadoop is an open source software framework written in Java for distributed storage and processing of very large datasets on multiple clusters. Developed by Doug Cutting and Mike Cafarella in 2005, the core of Apache Hadoop consists of ‘Hadoop Distributed File system for storage and MapReduce for processing data. The basic…

6 Misconceptions of Big Data

Amidst the social, economic and technological revolution swirling around us, how we understand information has assumed even greater importance. Data is deeply embedded in every aspect of our lives from business to leisure and this data can in turn be used to sort out issues and ensure greater prosperity. Big Data provides insights and the…