Technical article - Big data Flashcards
What are the two ways the data can be recieved?
Structured
Unstructured
What are the five main types of big data analytics?
- Data mining
- Predictive analytics
- Text analytics
- Voice analytics
- Statistical analytics
Describe Data mining
analysing data to identify patterns
Describe Predictive analytics
a type of data mining which aims to predict future events
Describe Text analytics
scanning text such as emails and word processing documents to extract useful information
Describe Voice analytics
scanning audio to extract useful information
Describe Statistical analytics
used to identify trends, correlations and changes in behaviour
What are the four dangers of big data analytics
- Cost
- Regulation
- Loss and theft of data
- Incorrect data (Veracity)
Describe the cost danger
It is expensive to establish the hardware and analytical software needed, though these costs are continually falling
Describe the Regulation danger
-Some countries worry about the amount of data being collected.
Describe the loss and theft danger
Civil action could take place on the company
Describe the incorrect data danger
This could lead to incorrect conclusions.