Ajit Kumar Roy

Surprising Mind Blowing Facts and Figures of Big Data Ajit Kumar Roy

"Big Data" is a hot topic and getting a lot of media and business attention. Everyone is talking about big data, from the challenges to yearly spending, job creation and even the tools required for big data projects. Many believe big data will help businesses make better decisions. Big Data is the expression of this gigantic mass of information that we are constantly generating at the global level due to the tremendous amount of data generated daily from fields such as business, research, and sciences. Big Data is everywhere and represents huge opportunities to those who can use it effectively. Big Data is the result of practically everything in the world being monitored and measured; creating data faster than the available technologies can store, process or manage it. Big data is a buzzword that is ambiguous and often misunderstood. But it also feels like it could be the next big thing. Advances in sensing technologies, the digitization of commerce and communications, and the advent and growth in social media are a few of the trends which have created the opportunity to use large scale, fine grained data to understand systems, behavior and commerce; while innovation in technology makes it viable economically to use that information to inform decisions and improve outcomes. Our world is bursting with information, yet we have a lack of data where we need it most: in and about the poorest and most marginalized communities. Therefore, the theme chosen for this year's World Statistics Day, "Better Data for Better Lives". It is realized that high quality statistics are essential for designing and targeting policies to reduce hunger, malnutrition, and rural poverty, and to promote the sustainable use of natural resources for cost effective output. They provide the foundation for evidence-based decision-making for governments and the international community, and play a critical role in measuring and monitoring progress toward national and international development goals and targets. Big data is at the intersection of collecting, organizing, storing, and turning all of that raw data into truly meaningful information. Now the buzzword "big data" refers to the new data-driven paradigm of business, science and technology, where the huge data size and scope enables better and new services, products, and platforms. There are some things that are so big that they have implications for everyone's life, whether we want it or not. Big Data is one of those mega trends that will impact everyone in one way or another. This book entitled 'Surprising Mind Blowing Facts and Figures of Big Data' presents some real-life up-to-date statistics right from evolution to present scenario of how big data is used today and how it is likely affect our lives in the days to come. It also covers forty definitions by thought leaders, tools.platforms, advantages and benefits. The book being first of its kind is expected to be very useful to wide audiences of students, professionals, decision-makers, and consultants involved in analytics particularly the new comers in the areas those who want to gain basic knowledge about Big Data.