Big Data Usage in Insurance Industry
In the insurance sector, big data helps brokers to analyze trends & patterns. This helps to assay risks, spot fraud, and introduce business-friendly policies. Big… Read More »Big Data Usage in Insurance Industry
Big Data is a massive amount of data sets that cannot be stored, processed, or analyzed using traditional tools.
Today, there are millions of data sources that generate data at a very rapid rate. These data sources are present across the world. Some of the largest sources of data are social media platforms and networks. Let’s use Facebook as an example—it generates more than 500 terabytes of data every day. This data includes pictures, videos, messages, and more.
Data also exists in different formats, like structured data, semi-structured data, and unstructured data. For example, in a regular Excel sheet, data is classified as structured data—with a definite format. In contrast, emails fall under semi-structured, and your pictures and videos fall under unstructured data. All this data combined makes up Big Data.
In the insurance sector, big data helps brokers to analyze trends & patterns. This helps to assay risks, spot fraud, and introduce business-friendly policies. Big… Read More »Big Data Usage in Insurance Industry
Text mining in Big Data. With text mining technology, you can analyze text data from the web, comment fields, books and other text-based sources to… Read More »What is Text mining for Big Data?
Traditional database system deals with structured data. Big data system deals with structured, semi structured and unstructured data. Traditional data is the structured data which… Read More »What is difference between database and big data?
Big Data architecture is a comprehensive framework designed to manage and analyze large volumes of structured and unstructured data generated at high velocity. The architecture… Read More »Big Data Architecture and the Place of Big Data Databases in It
Big data databases store petabytes of unstructured, semi-structured and structured data without rigid schemas. They are mostly NoSQL (non-relational) databases built on a horizontal architecture, which enable… Read More »What Type of Database is Used for Big Data?
Big data is high-volume, high-velocity, and high-variety information asset that demands cost-effective, innovative forms of information processing for enhanced insight and decision making. Big data… Read More »How is Big Data stored and processed?
Big data is the collection of Structured, Semi-structured, and Unstructured data which can be processed and used in Predictive Analytics, Machine Learning, and other advanced… Read More »What is Best Big Data Tools?
Big Data is distributed to downstream systems by processing it within analytical applications and reporting systems. Big Data Processing is the collection of methodologies or… Read More »How does Big Data processing work?
Big Data processing has become a vital asset for organizations across various industries, offering numerous advantages that enhance decision-making, operational efficiency, and strategic planning. By… Read More »Advantages of Big Data Processing
Put simply, big data is larger, more complex data sets, especially from new data sources. These data sets are so voluminous that traditional data processing software… Read More »What is Big Data Basics?
The sectors where Big Data is actively used Big Data has become an essential asset across multiple industries, driving efficiency, innovation, and better decision-making. By… Read More »Big Data Industry Applications