Big Data Flashcards
What is Big Data?
Data that is rich in volume, variety and velocity
How many bytes of data are created each day according to the IBM Report?
2.5 quintillion
What did Brandtzaeg famously say in 2013?
90% of the world’s data was generated in the last 2 years
How much money has the government invested into big data?
£189 mil.
What are the 3 research centres doing work on Big Data?
- Administrative Data Research Network
- Business and Local Government Data Research Centres
- The Consumer Data Research Centre
What is the challenge in using big data in retail geography?
To create consumer groupings which are distinct enough to target but large enough to be useful
What is the approach of using big data in retail geography?
Combination of LIKERT SCALES and SEMANTIC DIFFERENTIAL PROCEDURES
How can big data be used to work out season/tourist spending?
Example: Tesco in Cornwall
High spending in summer months from people all over the country
BUT Cornwall = one of the most deprived counties in the country therefore off-peak spending goes to cheap and local providers, not Tesco
Therefore, Tesco change product stock for each season e.g. expensive and more luxury in summer, cheaper elsewhere
How can mobile data be used?
Continuously leave a digital footprint
Telefonica have access to our location almost 24/7
How can mobile data be used in transport?
Can use it to know where people are travelling to and where from, but then also to know where exactly they go at their destination location
What is Smart Steps?
Document published by Telefonica and GMAP for councils on how best to use mobile data
Divides UK into grid cells, shows footfall - good for catchment analysis, including temporal and seasonal shifts
What are the ethical issues associated with using big data?
- Consent - analysts don’t always have consent from data providers
- Anonymisation - difficult to achieve
- Security - e.g. phone hacking
- Use - inappropriate use by analysts to access info. for personal gain
What are Likert Scales?
Used in managing big data sets: measure negative or positive responses to a statement e.g. disagree or agree
What are Semantic Differential Procedures?
A rating scale designed to measure the connotative meaning of different objects, events and concepts.
Used in managing big data sets
What is footfall?
Measures the number of people walking into/past a store a particular time
Good measure of a store’s success