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Table of Contents

Big Data Analytics..................................................................................................................... 2


Types of Data in Big Data..........................................................................................................4
1-Volumerefers to the magnitude of data.................................................................................4
2-Variety refers to the structural heterogeneity in a dataset.....................................................4
3-Velocity................................................................................................................................. 4
4-Veracity................................................................................................................................. 4
5-Variability (and complexity)...................................................................................................5
6-Volatility describes the lifespan of data.................................................................................5
7-Value..................................................................................................................................... 5
Advantages of Big Data Analytics............................................................................................5
Big Data Considerations...........................................................................................................6
Critical Success Factors for Big Data Analytics.....................................................................7
Technical Challenges of Big Data Analytics............................................................................7
1. Uncertainty of Data Management Landscape:..................................................................7
2. The Big Data Talent Gap..................................................................................................7
3. Getting data into the big data platform..............................................................................7
4. Need for synchronization across data sources..................................................................8
5. Getting important insights through the use of Big data analytics.......................................8
Business Challenges of Big Data Analytics............................................................................8
1. Need for Synchronization Across Disparate Data Sources...............................................8
2. Acute Shortage of Professionals Who Understand Big Data Analysis...............................8
3. Getting Meaningful Insights Through the Use of Big Data Analytics..................................8
4. Getting Voluminous Data into The Big Data Platform........................................................9
5. Uncertainty of Data Management Landscape...................................................................9
I. Data Storage and Quality..............................................................................................9
II. Security and Privacy of Data.........................................................................................9
Business Problems Addressed by Big Data Analytics...........................................................9
Big Data Analytics Techniques...............................................................................................10
Text Mining Concepts............................................................................................................ 10
Text Mining Methods/Technique............................................................................................10
1. Information Extraction.....................................................................................................10
2. Information Retrieval.......................................................................................................10
3. Categorization................................................................................................................ 11
4. Clustering....................................................................................................................... 11
5. Summarization................................................................................................................ 11
Audio Analytics....................................................................................................................... 11
 LVCSR........................................................................................................................ 12
 Phonetic-based systems..............................................................................................12
Video analytics....................................................................................................................... 12
 Server-based architecture...........................................................................................13
 Edge-based architecture..............................................................................................13
Social media analytics............................................................................................................ 13
 Content-based analytics..............................................................................................14
 Structure-based analytics............................................................................................14
Predictive analytics................................................................................................................ 14
 Heterogeneity.............................................................................................................. 14
 Noise accumulation.....................................................................................................14
 Spurious correlation.....................................................................................................15
 Incidental endogeneity.................................................................................................15
Big Data Analytics

Big data analytics is an often-complex method of examining broad and different data
sets or big data to discover knowledge such as hidden patterns, unknown correlations,
industry trends and consumer preferences that can help organizations make better
business decisions. It is area that deals with ways to evaluate, systematically extract
information from, or otherwise deal with data sets that are too large or complex to
handle conventional data-processing application software. Big data problems include
data collection, data storage, data processing, search, share, transfer, visualization,
query, update, privacy and data source. Big data was initially related to three main
concepts: volume, variety and velocity. Big data also contains data with a scale that
exceeds the capacity of conventional software to process within a reasonable time and
value.

Big data definitions have evolved rapidly, which has raised some confusion. This is
evident from an online survey of 154 C-suite global executives conducted by Harris
Interactive on behalf of SAP in April 2012 (“Small and midsize companies look to make
big gains with big data,” 2012). It shows executives differed in their understanding of big
data, where some definitions focused on what it is, while others tried to answer what it
does. Clearly, size is the first characteristic that comes to mind considering the question
“what is big data?”

There isn’t a widely accepted definition of Big Data. A common one, however, is that Big
Data is more and different data than is easily handled by a typical RDMS. Some people
say 10 terabytes is Big Data, but the trouble with this definition is that what is big today
will be common place tomorrow. A more useful approach is to identify the
characteristics of Big Data – the 3Vs. It is of higher volume, velocity, and variety than
can be handled by a traditional RDMS. There is more of it, it comes more quickly, and it
takes more forms.

Not too long ago, a terabyte sized data warehouse was considered to be Big Data. To
illustrate, Teradata recognized customers who had data warehouses this large. Today,
Teradata has 30 customers who have data warehouses that store over a petabyte of
data. Because of this volume of data (and other reasons discussed later), new analytical
platforms have emerged. In a few instances these platforms have replaced data
warehouses, but in most cases, they are an addition to the decision support data
infrastructure.

Organizations are collecting, storing, and analyzing many more kinds of data. Unlike the
structured data usually stored in RDMS, this data is described by terms such as loosely,
poorly, unstructured, and multi-structured. It is estimated that 80 percent of all
organizational data is multi-structured.

The Internet and social media have changed how companies engage with customers
before, during, and after a purchase. Companies have a brief window to affect the
transaction to make it more productive and profitable. At this moment of engagement,
the results of data analyses must come into play. For example, consider the product
recommendations on websites like Amazon.

Types of Data in Big Data


1-Volumerefers to the magnitude of data. Big data sizes are reported in multiple
terabytes and petabytes. A survey conducted by IBM in mid-2012 revealed that just
over half of the 1144 respondents considered datasets over one terabyte to be big data
(Schroeck, Shockley, Smart, RomeroMorales, & Tufano, 2012). One terabyte store as
much data as would fit on 1500 CDs or 220 DVDs, enough to store around 16 million
Facebook photographs. Beaver, Kumar, Li, Sobel, and Vajgel (2010) report that
Facebook processes up to one million photographs per second. One petabyte equals
1024 terabytes. Earlier estimates suggest that Facebook stored 260 billion photos using
storage space of over 20 petabytes.

2-Variety refers to the structural heterogeneity in a dataset. Technological


advances allow firms to use various types of structured, semi-structured, and
unstructured data. Structured data, which constitutes only 5% of all existing data
(Cukier, 2010), refers to the tabular data found in spreadsheets or relational databases.
Text, images, audio, and video are examples of unstructured data, which sometimes
lack the structural organization required by machines for analysis.

3-Velocity. It refers to the rate at which data are generated and the speed at which it
should be analyzed and acted upon. The proliferation of digital devices such as
smartphones and sensors has led to an unprecedented rate of data creation and is
driving a growing need for real-time analytics and evidence-based planning. Even
conventional retailers are generating high-frequency data. Wal-Mart, for instance,
processes more than one million transactions per hour (Cukier, 2010). The data
emanating from mobile devices and flowing through mobile apps produces torrents of
information that can be used to generate real-time, personalized offers for everyday
customers. This data provides sound information about customers, such as geospatial
location, demographics, and past buying pat-terns, which can be analyzed in real time
to create real customer value.

4-Veracity. IBM coined Veracity as the fourth V, which represents the unreliability
inherent in some sources of data. For example, customer sentiments in social media
are uncertain in nature, since they entail human judgment. Yet they contain valuable
information. Thus, the need to deal with imprecise and uncertain data is another facet of
big data, which is addressed using tools and analytics developed for management and
mining of uncertain data.

5-Variability (and complexity). SAS introduced Variability and Complexity as two


additional dimensions of big data. Variability refers to the variation in the data flow rates.
Often, big data velocity is not consistent and has periodic peaks and troughs.
Complexity refers to the fact that big data are generated through a myriad of sources.
This imposes a critical challenge: the need to connect, match, cleanse and transform
data received from different sources.

6-Volatility describes the lifespan of data. When applied to source systems, volatility
considers how long the data will be available. For analytics systems it involves how long
the data should be stored. Can at least some of the data be moved offline, archived, or
expired? Data typically are stored until they are no longer needed. However, some data
store times are governed by regulations such as privacy laws and tax regulations.
Significantly, the data lifespan may determine which analysis is performed on the data
and when.

7-Value. Oracle introduced Value as a defining attribute of big data. Based on Oracle’s
definition, big data are often characterized by relatively “low value density”. That is, the
data received in the original form usually has a low value relative to its volume. How-
ever, a high value can be obtained by analyzing large volumes of such data.

Advantages of Big Data Analytics


1. Business value is created when data is analyzed, made available to users, and
results in better decision making.
2. Big data improves analytics because there is more data to analyze.
3. Knowing errors instantly within the organization.
4. Implementing new strategies.
5. To improve service dramatically.
6. Fraud can be detected the moment it happens.
7. Cost savings.
8. Better sales insights.
9. Keep up the customer trends.

Stored data, by itself, does not generate business value. This is true of traditional
databases, data warehouses, and the new technologies for storing data (e.g.,
Hadoop/MapReduce). Once the data is appropriately stored, however, it can be
analyzed and this can generate tremendous value. Sometimes the data is analyzed
by analytics built into the storage, such as in-database analytics, and sometimes by
tools and applications that access and analyze the data the data.

The technologies for Big Data improve analytics by supporting the analysis of new
data types (e.g., social media), providing new analysis techniques (in database
analytics), and improved data management and performance.
Big Data Considerations
1. We can’t process the amount of data that you want to because of the limitations
of your current platform.
2. We can’t include new/contemporary data sources (e.g., social media, RFID,
Sensory, Web, GPS, textual data) because it does not comply with the data
schema.
3. We need to (or want to) integrate data as quickly as possible to be current on
your analysis.
4. We want to work with a schema-on-demand data storage paradigm because the
variety of data types.
5. The data is arriving so fast at your organization’s doorstep that your analytics
platform cannot handle it.

Critical Success Factors for Big Data Analytics

A clear bussiness
need

Personnal with
Strong,comitted
advanced
sponsorship
analytical skills

keys to
success with
Big Data
Analytics Alignment with
The right
the IT strategy
analytics tool
and bussiness

A fact-based
A strong data
decision making
infrastructure
culture
Technical Challenges of Big Data Analytics
1. Uncertainty of Data Management Landscape: Because big data is
continuously expanding, there are new companies and technologies that are
being developed every day. A big challenge for businesses is to figure out which
technology works best for them without the implementation of new risks and
problems.
2. The Big Data Talent Gap: While Big Data is a growing field, there are very few
experts available in this field. This is because Big data is a complex field and
people who understand the complexity and intricate nature of this field are far few
and between. Another major challenge in the field is the talent gap that exists in
the industry.
3. Getting data into the big data platform: Data is increasing every single day.
This means that companies have to tackle a limitless amount of data on a regular
basis. The scale and variety of data that is available today can overwhelm any
data practitioner and that is why it is important to make data accessibility simple
and convenient for brand managers and owners.
4. Need for synchronization across data sources: As data sets become more
diverse, there is a need to incorporate them into an analytical platform. If this is
ignored, it can create gaps and lead to wrong insights and messages.
5. Getting important insights through the use of Big data analytics: It is
important that companies gain proper insights from big data analytics and it is
important that the correct department has access to this information. A major
challenge in big data analytics is bridging this gap in an effective fashion.
Business Challenges of Big Data Analytics
1. Need for Synchronization Across Disparate Data Sources
As data sets are becoming bigger and more diverse, there is a big challenge to
incorporate them into an analytical platform. If this is overlooked, it will create
gaps and lead to wrong messages and insights.

2. Acute Shortage of Professionals Who Understand Big Data Analysis


The analysis of data is important to make this voluminous amount of data being
produced in every minute, useful. With the exponential rise of data, a huge
demand for big data scientists and Big Data analysts has been created in the
market. It is important for business organizations to hire a data scientist having
skills that are varied as the job of a data scientist is multidisciplinary. Another
major challenge faced by businesses is the shortage of professionals who
understand Big Data analysis. There is a sharp shortage of data scientists in
comparison to the massive amount of data being produced.

3. Getting Meaningful Insights Through the Use of Big Data Analytics


It is imperative for business organizations to gain important insights from Big
Data analytics, and also it is important that only the relevant department has
access to this information. A big challenge faced by the companies in the Big
Data analytics is mending this wide gap in an effective manner.
4. Getting Voluminous Data into The Big Data Platform
It is hardly surprising that data is growing with every passing day. This simply
indicates that business organizations need to handle a large amount of data on
daily basis. The amount and variety of data available these days can overwhelm
any data engineer and that is why it is considered vital to make data accessibility
easy and convenient for brand owners and managers.

5. Uncertainty of Data Management Landscape


With the rise of Big Data, new technologies and companies are being developed
every day. However, a big challenge faced by the companies in the Big Data
analytics is to find out which technology will be best suited to them without the
introduction of new problems and potential risks.
I. Data Storage and Quality

Business organizations are growing at a rapid pace. With the tremendous growth of the
companies and large business organizations, increases the amount of data produced.
The storage of this massive amount of data is becoming a real challenge for everyone.
Popular data storage options like data lakes/ warehouses are commonly used to gather
and store large quantities of unstructured and structured data in its native format. The
real problem arises when a data lakes/ warehouse tries to combine unstructured and
inconsistent data from diverse sources, it encounters errors. Missing data, inconsistent
data, logic conflicts, and duplicates data all result in data quality challenges.

II. Security and Privacy of Data

Once business enterprises discover how to use Big Data, it brings them a wide range of
possibilities and opportunities. However, it also involves the potential risks associated
with big data when it comes to the privacy and the security of the data. The Big Data
tools used for analysis and storage utilizes the data disparate sources. This eventually
leads to a high risk of exposure of the data, making it vulnerable. Thus, the rise of
voluminous amount of data increases privacy and security concerns

Business Problems Addressed by Big Data Analytics


1. Process efficiency and cost reduction
2. Brand management
3. Revenue maximization, cross-selling/up-selling
4. Enhanced customer experience
5. Churn identification, customer recruiting
6. Improved customer service
7. Identifying new products and market opportunities
8. Risk management
9. Regulatory compliance
10. Enhanced security capabilities

Big Data Analytics Techniques


1. Text Analytics/Mining
2. Audio Analytics
3. Video Analytics
4. Social Media Analytics
5. Predictive Analytics

Text Mining Concepts


Text mining usually is the process of structuring the input text (usually parsing, along
with the addition of some derived linguistic features and the removal of others, and
subsequent insertion into a database), deriving patterns within the structured data, and
final evaluation and interpretation of the output. Text analytics enable businesses to
convert large volumes of human generated text into meaningful summaries, which
support evidence-based decision making.

Text Mining Methods/Technique

1. Information Extraction

This is the most famous text mining technique. Information exchange refers to the
process of extracting meaningful information from vast chunks of textual data. This text
mining technique focuses on identifying the extraction of entities, attributes, and their
relationships from semi-structured or unstructured texts. Whatever information is
extracted is then stored in a database for future access and retrieval. The efficacy and
relevancy of the outcomes are checked and evaluated using precision and recall
processes.

2. Information Retrieval

Information Retrieval (IR) refers to the process of extracting relevant and associated
patterns based on a specific set of words or phrases. In this text mining technique, IR
systems make use of different algorithms to track and monitor user behaviors and
discover relevant data accordingly. Google and Yahoo search engines are the two most
renowned IR systems.

3. Categorization

This is one of those text mining techniques that is a form of “supervised” learning


wherein normal language texts are assigned to a predefined set of topics depending
upon their content. Thus, categorization or rather Natural Language Processing (NLP) is
a process of gathering text documents and processing and analyzing them to uncover
the right topics or indexes for each document. The co-referencing method is commonly
used as a part of NLP to extract relevant synonyms and abbreviations from textual data.
Today, NLP has become an automated process used in a host of contexts ranging from
personalized commercials delivery to spam filtering and categorizing web pages under
hierarchical definitions, and much more.

4. Clustering

Clustering is one of the most crucial text mining techniques. It seeks to identify intrinsic
structures in textual information and organize them into relevant subgroups or
‘clusters’ for further analysis. A significant challenge in the clustering process is to form
meaningful clusters from the unlabeled textual data without having any prior information
on them. Cluster analysis is a standard text mining tool that assists in data distribution
or acts as a pre-processing step for other text mining algorithms running on detected
clusters.

5. Summarization

Text summarization refers to the process of automatically generating a compressed


version of a specific text that holds valuable information for the end-user. The aim of this
text mining technique is to browse through multiple text sources to craft summaries of
texts containing a considerable proportion of information in a concise format, keeping
the overall meaning and intent of the original documents essentially the same. Text
summarization integrates and combines the various methods that employ text
categorization like decision trees, neural networks, regression models, and swarm
intelligence.

Audio Analytics
Audio analytics analyze and extract information from unstructured audio data. When
applied to human spoken language, audio analytics is also referred to as speech
analytics. Since these techniques have mostly been applied to spoken audio, the terms
audio analytics and speech analytics are often used interchangeably. Currently,
customer call centers and healthcare are the primary application areas of audio
analytics.
Call centers use audio analytics for efficient analysis of thousands or even millions of
hours of recorded calls. These techniques help improve customer experience, evaluate
agent performance, enhance sales turnover rates, monitor compliance with different
policies (e.g., privacy and security policies), gain insight into customer behavior, and
identify product or service issues, among many other tasks. Audio analytics systems
can be designed to analyze a live call, formulate cross/up-selling recommendations
based on the customer's past and present interactions, and provide feedback to agents
in real time. In addition, automated call centers use the Interactive Voice Response
(IVR) platforms to identify and handle frustrated callers.

In healthcare, audio analytics support diagnosis and treatment of certain medical


conditions that affect the patient's communication patterns (e.g., depression,
schizophrenia, and cancer). Also, audio analytics can help analyze an infant's cries,
which contain information about the infant's health and emotional status. The vast
amount of data recorded through speech-driven clinical documentation systems is
another driver for the adoption of audio analytics in healthcare.
Speech analytics follows two common technological approaches: the transcript-based
approach (widely known as large-vocabulary continuous speech recognition, LVCSR)
and the phonetic-based approach. These are explained below.

 LVCSR systems follow a two-phase process: indexing and searching. In the first


phase, they attempt to transcribe the speech content of the audio. This is
performed using automatic speech recognition (ASR) algorithms that match
sounds to words. The words are identified based on a predefined dictionary. If the
system fails to find the exact word in the dictionary, it returns the most similar one.
The output of the system is a searchable index file that contains information about
the sequence of the words spoken in the speech. In the second phase, standard
text-based methods are used to find the search term in the index file.
 Phonetic-based systems work with sounds or phonemes. Phonemes are the
perceptually distinct units of sound in a specified language that distinguish one
word from another (e.g., the phonemes/k/and/b/differentiate the meanings of “cat”
and “bat”). Phonetic-based systems also consist of two phases: phonetic indexing
and searching. In the first phase, the system translates the input speech into a
sequence of phonemes. This is in contrast to LVCSR systems where the speech is
converted into a sequence of words. In the second phase, the system searches
the output of the first phase for the phonetic representation of the search terms.

Video analytics
Video analytics, also known as video content analysis (VCA), involves a variety of
techniques to monitor, analyze, and extract meaningful information from video streams.
Although video analytics is still in its infancy compared to other types of data mining,
various techniques have already been developed for processing real-time as well as
pre-recorded videos. The increasing prevalence of closed-circuit television (CCTV)
cameras and the booming popularity of video-sharing websites are the two leading
contributors to the growth of computerized video analysis. A key challenge, however, is
the sheer size of video data. To put this into perspective, one second of a high-definition
video, in terms of size, is equivalent to over 2000 pages of text. Now consider that
100 hours of video are uploaded to YouTube every minute.

Big data technologies turn this challenge into opportunity. Obviating the need for cost-
intensive and risk-prone manual processing, big data technologies can be leveraged to
automatically sift through and draw intelligence from thousands of hours of video. As a
result, the big data technology is the third factor that has contributed to the development
of video analytics. In terms of the system architecture, there exist two approaches to
video analytics, namely server-based and edge-based:

 Server-based architecture. In this configuration, the video captured through


each camera is routed back to a centralized and dedicated server that performs
the video analytics. Due to bandwidth limits, the video generated by the source is
usually compressed by reducing the frame rates and/or the image resolution. The
resulting loss of information can affect the accuracy of the analysis. However, the
server-based approach provides economies of scale and facilitates easier
maintenance.

 Edge-based architecture. In this approach, analytics are applied at the ‘edge’


of the system. That is, the video analytics is performed locally and on the raw
data captured by the camera. As a result, the entire content of the video stream is
available for the analysis, enabling a more effective content analysis. Edge-based
systems, however, are more costly to maintain and have a lower processing
power compared to the server-based systems.

Social media analytics


Social media analytics refer to the analysis of structured and unstructured data from
social media channels. Social media is a broad term encompassing a variety of online
platforms that allow users to create and exchange content. Social media can be
categorized into the following types: Social networks (e.g., Facebook and LinkedIn),
blogs (e.g., Blogger and WordPress), microblogs (e.g., Twitter and Tumblr), social news
(e.g., Digg and Reddit), social bookmarking (e.g., Delicious and StumbleUpon), media
sharing (e.g., Instagram and YouTube), wikis (e.g., Wikipedia and Wikihow), question-
and-answer sites (e.g., Yahoo! Answers and Ask.com) and review sites (e.g., Yelp,
TripAdvisor)Also, many mobile apps, such as Find My Friend, provide a platform for
social interactions and, hence, serve as social media channels.
User-generated content (e.g., sentiments, images, videos, and bookmarks) and the
relationships and interactions between the network entities (e.g., people, organizations,
and products) are the two sources of information in social media. Based on this
categorization, the social media analytics can be classified into two groups:

 Content-based analytics. Content-based analytics focuses on the data


posted by users on social media platforms, such as customer feedback, product
reviews, images, and videos. Such content on social media is often voluminous,
unstructured, noisy, and dynamic. Text, audio, and video analytics, as discussed
earlier, can be applied to derive insight from such data. Also, big data
technologies can be adopted to address the data processing challenges.

 Structure-based analytics. Also referred to as social network analytics, this


type of analytics is concerned with synthesizing the structural attributes of a social
network and extracting intelligence from the relationships among the participating
entities. The structure of a social network is modeled through a set of nodes and
edges, representing participants and relationships, respectively. The model can
be visualized as a graph composed of the nodes and the edges. We review two
types of network graphs, namely social graphs and activity graphs. In social
graphs, an edge between a pair of nodes only signifies the existence of a link
(e.g., friendship) between the corresponding entities. Such graphs can be mined
to identify communities or determine hubs (i.e., the users with a relatively large
number of direct and indirect social links). In activity networks, however, the
edges represent actual interactions between any pair of nodes. The interactions
involve exchanges of information (e.g., likes and comments). Activity graphs are
preferable to social graphs, because an active relationship is more relevant to
analysis than a simple connection.

Predictive analytics
Predictive analytics comprise a variety of techniques that predict future outcomes based
on historical and current data. In practice, predictive analytics can be applied to almost
all disciplines – from predicting the failure of jet engines based on the stream of data
from several thousand sensors, to predicting customers’ next moves based on what
they buy, when they buy, and even what they say on social media.

The third factor corresponds to the distinctive features inherent in big data:
heterogeneity, noise accumulation, spurious correlations, and incidental endogeneity
are described below.
 Heterogeneity. Big data are often obtained from different sources and
represent information from different sub-populations. As a result, big data are
highly heterogeneous. The sub-population data in small samples are deemed
outliers because of their insufficient frequency. However, the sheer size of big
data sets creates the unique opportunity to model the heterogeneity arising from
sub-population data, which would require sophisticated statistical techniques.
 Noise accumulation. Estimating predictive models for big data often involves
the simultaneous estimation of several parameters. The accumulated estimation
error (or noise) for different parameters could dominate the magnitudes of
variables that have true effects within the model. In other words, some variables
with significant explanatory power might be overlooked as a result of noise
accumulation.
 Spurious correlation. For big data, spurious correlation refers to
uncorrelated variables being falsely found to be correlated due to the massive
size of the dataset show this phenomenon through a simulation example, where
the correlation coefficient between independent random variables is shown to
increase with the size of the dataset. As a result, some variables that are
scientifically unrelated (due to their independence) are erroneously proven to be
correlated as a result of high dimensionality.
 Incidental endogeneity. A common assumption in regression analysis is the
exogeneity assumption: the explanatory variables, or predictors, are independent
of the residual term. The validity of most statistical methods used in regression
analysis depends on this assumption. In other words, the existence of incidental
endogeneity (i.e., the dependence of the residual term on some of the predictors)
undermines the validity of the statistical methods used for regression analysis.
Although the exogeneity assumption is usually met in small samples, incidental
endogeneity is commonly present in big data. It is worthwhile to mention that, in
contrast to spurious correlation, incidental endogeneity refers to a genuine
relationship between variables and the error term.
The irrelevance of statistical significance, the challenges of computational efficiency,
and the unique characteristics of big data discussed above highlight the need to
develop new statistical techniques to gain insights from predictive models.

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