Big Data applications in real life – Bettering lives each day without fail
Big Data is a big deal. It is the most prized asset of any business these days. And, it is not just the businesses, as non-profit organizations and governmental agencies are also relying on Big Data to ensure smooth running and operational availability. Every firm and organization has resources set aside for data and information collection. However, collecting is one thing, but managing and making the most out of it is a separate matter entirely.
Big Data management
Big Data is just as the name suggests. There is a tremendous amount of information, and volume increases each day. The storing and managing of this data are the most complex parts of the job. If you are running separate systems, you will have to think about the data integration. Therefore, big data management is better left to the experts, especially those providing remote DBA services. For more information, please visit RemoteDBA.
What will your data administrator do?
The data administrator is responsible for the storage, integration, and management of the data. Your expert will come up with the best storage strategy for your business. Think of it as your central database storage facility where all your business information will remain stored for retrieval in the future. With remote DBA, you can manage and access the data remotely while ensuring there is enough space for more data as it comes in.
But how does Big Data affect everyday life? In the following section, we have detailed a few sectors where user data is continuously used to provide better services and products.
Banking sector
Illegal and fraudulent activity deterrents in the form of network and language analytics make trading safe every day. Big Data is already in use by agencies like the SEC to monitor financial market activities. Retail traders and banks also use Big Data for trade analytics. It allows financial institutions to figure out low-risk trades through predictive analysis. Big Data also allows for risk identification at the customer end through KYC documents.
Media and entertainment sector
The media and entertainment industry are dependent on several factors that are critical for maximum audience retention. These include,
· Collection, analysis, and utilization of consumer data for insights
· Mobile and social media content
· Real-time media content usage for consumers
When it comes to understanding consumer demand and usage patterns, Big Data is the solution. Customer information and insights allow networks, studios, and platforms to create content according to the customer profiles, or in other words, the market demand. Big Data is regularly used in the entertainment world to create content for a wider audience and recommend content to users. User data and audience retention also allow for the identification of performance for the content. You can observe the magic of Big Data in action every time you log in to your YouTube, Spotify, or Netflix accounts. It is all about collecting data from the users to better analyze and serve the customers in the long run.
Healthcare sector
However, that doesn’t mean that Big Data isn’t in use for medical care and provisions. Healthcare always worked with vast amounts of data, and it is the mismanagement of this data has led to increased costs. Inefficient systems will cost more – the math is simple. However, a lot of work needs to be done to shift the entire healthcare data to the electronic medium.
Hospitals are already using data collected from cell phone apps to provide evidence-based medication and care to patients. Other independent resources like The University of Florida have created a visual data set with the help of Google Maps and public healthcare data to map the spread of infectious diseases.
Education sector
Big Data incorporation in the education sector is the main challenge because various sources and vendors provide the services. Therefore, utilizing data on a single platform is not possible, especially with data from varying resources. However, Big Data is increasingly finding its feet when it comes to higher education. Learning and management systems are already in use in parts of Australia and Europe to map overall academic progress.
The U.S Department of Education plans to employ Big Data to detect patterns in students who go astray. Big Data can also be used to measure the proficiency and the effectiveness of teachers and teaching programs. It will allow for future educational reforms with better curriculum, subject matters, and student classifications. plans
Manufacturing processes
Big Data is in use with the natural resources industry as this allows for predictive modeling. Data mining and organizational capability have resulted in better management of all the geospatial data, graphs, temporal data, and textual data required for mining operations. Big Data also solve manufacturing challenges. Entrepreneurs now can identify risks and weak links within the supply chain before the production can even take a hit.
Big Data in government sectors
Like the data management required for the medical industry and its verticals, governmental agencies require the same. Keep in mind that there are thousands of governmental departments, agencies, and affiliated organizations for any particular nation. The first challenge is, therefore, the integration of all the data into a uniform system. However, this is harder said than done. But Big Data has extensive use in some of the top governmental sectors, including energy exploration and management, fraud detection, the financial market, the public health sector, and environmental protection.
The Social Security Administration or the SSA regularly uses Big Data to assess social disability claims. The FDA uses data to detect and study the patterns for food-related disorders if any. Homeland Security uses Big Data from several governmental and Federal sources to protect the country and serve its people. Big Data allows faster and efficient mitigation of issues, often before a crisis can even occur.
Last words
If you are looking to hire a third-party expert to manage your database, then you have planned it right. Your expert will provide you with the best in security, data collection, storage, and management. Even if you are on vacation, you can check your business data with a few clicks. All the best!
