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Top1. Introduction: What Is Big Data?
Big Data is defined as the collections of datasets whose volume, velocity or variety is so large that it is difficult to store, manage, process, and analyze the data using traditional databases and data processing tools. (Bahga & Madisetti, 2016) According to an estimate by IBM, 2.5 quintillion bytes of data is created every day, and that 90% of the data in the world today has been created in the last two years alone. (IBM, 2017)
In this paper, we attempt to describe the key characteristics of Big Data, Cloud Computing and Fog Computing. Cloud computing is a major computing technology currently used to store, process and analyze Big Data. Fog Computing is a supplement to Cloud Computing and it can be performed with Cloud computing as a mechanism for visualization of Big Data.
In 2012, United States (US) government committed $200 million in “Big Data” research and development investment. (The White House, 2012) Big Data application is estimated worth $300 billion dollars for the US health care industry, and $250 billion euros for the Europe’s public section administration. (Manyika, Chui, Brown, Bughin, Dobbs, & Roxburgh, 2011) So what is Big Data? The numerical definition of Big Data is evolving with the development of the technology. A dynamic definition is that data that exceeds the capacity of commonly used hardware and software tools to capture, store and analyze within a tolerable elapsed time is considered as Big Data. (Franks, 2012). Clegg (2017) authored a book on how the information revolution of Big Data is transforming our lives.
According to Marr (2016), Big Data in practice includes such as for Walmart: How Big Data is used to drive supermarket performance, Netflix: How Netflix used Big Data to Give us the programs we want, Rolls-Royce: How Big Data is used to drive success in manufacturing, and Facebook: How Facebook uses Big Data to make customer service more personal. Table 1 lists other multifaceted applications of Big Data as authored as individual chapters of Marr (2016) of how forty-five successful companies used Big Data to deliver extraordinary results.
Table 1. Successful applications of Big Data analytics by organizations and companies around the world (Derived from book by Marr (2016))
ORGANIZATION/COMPANY | BIG DATA APPLICATION |
Amazon | How predictive analysis is used to get a 360-view of customers |
Caesar’s | Big Data at the Casino |
Dickey’s Barbecue Pit | How Big Data is used to gain performance insights into one of America’s most successful restaurant chains |
Experian | Using Big Data to make lending decisions and to crack down on identify fraud. |
Fitbit | Big Data in the fitness arena |
John Deere | How Big Data can be applied on farms |
LinkedIn | How Big Data is used to fuel social media success |
Ralph Lauren | Big Data in the fashion industry |
Tera Seismic | Using Big Data to predict earthquakes |
Transport for London | How Big Data is used to improve and manage public transportation in London, UK. |
Twitter | How Twitter is used and IBM deliver customer insights from Big Data |
Uber | How Big Data is at the center of Uber’s Transportation Business |
US Olympic Women’s Cycling Team | How Big Data Analytics is used to optimize athletes performance |
Walt Disney Parks and Resorts | How Big Data is Transforming our Family Holidays |
ZSL and London Zoo | Big Data in the zoo and to protect animals |