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ESSAY
Impact of Big Data
Impact of Big Data        1
ESSAY    May 5    2018    
    
EXECUTIVE SUMMARY
Undoubtedly, the emergence of new data has an impact very positive on the lives of human beings. It facilitates us to record our health, the dietary habits and statements of the bank and many more in a smart phone. The technological phenomenon growing fast and is wearable provides us to see the number of calories we have burnt, track our level of glucose through applications of health packed with big data.
Big data helps us to save money on whatever we eat along with cash back, loyalty card, various schemes, sites and coupons of money-off all designed to reduce the food bill weekly. It is not only applicable for health but a number of other important fields such as recreation, transport, holidays and leisure.
INTRODUCTION
It has already been said that “knowledge is power”. It is true as gradually, technology along with our ability to collect data massively continues to advance rapidly. Such changes are spurning huge patterns that move in many industries around the world. Data is deemed to be knowledge, and the knowledge is powerful incredibly, whether it be for analysts of social and finance, business owners or governments. The trend of Big Data is rapidly becoming the way of the future, and so it has the potential to change significantly in the way management of many work elements of research and development (Klaus).
Researchers have forecasted that big data will
ing jobs worldwide around 4.4 million in the figure. But, it is also the cause in certain positions for replacement of humans. It is about to introduce a new way of making things done to the entire world.
Big Data and Its Impacts
A new method to understand out of our daily activities is the use of “big data” which is generated socially and it also forecasts our behaviours collectively. Big data is a large amount of data which reveals patterns, trends as well as behaviours with the capability of mining to gather information. Big data is a creative term concerning technology that has
ought huge changes in the industry also in our lives. Like today, it plays a major role in almost in every aspect of our life from education to health care everything has changed
Such methods have various applications. The mutual factor of this methods the concept of measuring as well as quantifying behaviour and activities of individuals at the collective level to understand and model societies of human in a framework of computation (Servers).
The human desire to inquire about the environmental world has accelerated to major knowledge advancements in recent time. In this era, we know much about the universe; right from the minor elementary particles to galaxies far away, nothing has been left. Although there are questions lying which are still unanswered, the creation of knowledge at the pace very high and the enhancement in our understanding of nature is unquestionable. For Instance; natural sciences, inventions in medicine, engineering area lot in number and so their effects on our day to day life is found clearly.
Some of the utilization of big data is in understanding customers; one of the most important aspects of business industry where every business needs to understand their respective customers, their preferences as well as behaviours. It is also used in optimization of the process of business where the data is used widely for optimization of processes of the business. Next, it is applicable in improving services of healthcare as disease out
eaks in the specific season can be predicted. In advertisement too, it is very effective. In the improvement of scientific study and research too, it is a subject that keeps exploring new things. In case of the automobile industry, it uses data are big to shape ideas that are innovative. As far as development in e-commerce is considered the collection of data takes place by websites to seek the buying habits of the customer (Moradi).
Similarly, to improve decisions on finances, big data aids in improving financial trading, i.e. Trading in Equity, buying and selling etc. Regarding advanced education too, it applies to analyze the behaviour of the student for higher education and to check the rate of dropout. For management of customer relationship, it helps as now the companies are using the big data for performance of predictive analysis that helps them to interact as well as to understand the churn rate (Shmueli 98-119)
However, in addition to the existence of the significant amount of effort, human’s understanding of them and specifical societies of human are underdeveloped. Apart from the major scientific and technological developments, society is still undergoing from very basic and repetitive problems. Unrest socially, crimes and riots, conflicts of political nature and wars, economic crises, poverty as well as inequality and dictatorship are examples of the social disorders that has no solution. In comparison to the natural sciences and advancements in...