25 Sep 2022| Cloud Based Technology & Micro Services
Data Science & Big Data
What Are The Latest Emerging Big Data Technologies?
Big Data Technologies refers to software tools that help streamline your business. Various organizations are currently leveraging Big Data Technology to extract the maximum value from the information they collect from multiple resources.
As the name suggests, big data means a massive amount of data. We are currently in the Information Age, where everything is information, and anything that can be measured can potentially be considered “big data” or “big tech.” This is why businesses must be prepared for a forthcoming age where unstructured data is not only a legal necessity but a business imperative.
As organizations are forced to deal with unstructured data, they need robust systems to process and manage this large volume of information.
The importance of big data in the digital age is quickly becoming apparent. Companies are using it to help them determine where their customers are at all times, how their products and services are being used, and what strategies are working and which ones are not working for them.
Since the digital revolution has altered every aspect of our lives, we are only beginning to understand how much information we can accumulate from the intricate systems at the core of how the world operates today.
While there are many benefits to implementing the analytical potential of such resources, one of the top advantages is that this type of technology can help a business achieve measurable progress efficiently.
Leveraging Big Data Technologies dramatically changed the way that business is conducted in the digital age.
The following are the top 6 emerging big data technologies of 2021 that businesses can leverage to improve their efficiency:
Artificial Intelligence is undoubtedly one of the trending technologies of 2021. Big Data is playing a crucial role in the advancement of AI through its two subsets of disciplines; Machine Learning and Deep Learning.
Machine learning refers to the ability of computers to learn without being tediously programmed. Applying this to Big Data analytics enables systems to analyze historical data, recognize patterns, build models and predict future outcomes.
On the other hand, deep learning is a type of machine learning that mimics the working of a human brain by creating artificial neural networks that use multiple layers of the algorithm to analyze data.
R refers to an open-source project and a programming language. It is a free software that is mainly used for statistical computing, visualization, and unified developing environments like Eclipse and Visual Studio assistance communication.
According to experts, the R programming language has the most prominent language across the world. Data miners and statisticians widely use it to design statistical software, mainly in data analytics.
Apache Hadoop is currently one of the emerging big data tools. It is an open-source software framework developed for storing and processing Big Data by Apache Software Foundation. Hadoop processes and stores data in a distributed computing environment across the cluster of commodity hardware.
Hadoop is a cost-effective, fault-tolerant, and highly available framework that can process data of any size and format and is a very reliable storage tool.
Blockchain is used mainly in functions such as payment, escrow and helps to speed up transactions. This technology plays a crucial role in working towards reducing fraudulent transactions and helps increase financial security.
In addition, blockchain is also the distributed database technology that is under the Bitcoin currency. Therefore, it is considered an excellent choice for Big Data applications in sensitive industries because it is highly secure.
Predictive analysis is a subpart of big data analytics, and primarily works towards predicting future behavior by using prior data. It works by leveraging Data mining, Machine Learning technologies, and statistical modeling along with some mathematical models to forecast future events.
With the help of predictive analytics models, organizations can deploy historical as well as the latest data to drag out trends and behaviors that could occur at a particular time.
MongoDB is a cost-effective and highly reliable Big Data technology. It has a powerful query language that supports geo-based search, aggregation, text search, graph search, and more.
By taking full advantage of the analytical capabilities of Big Data Technologies, a business can help reduce costs and errors, improve productivity, and achieve an overall sense of financial success. Not only is this technology incredibly beneficial to a business today, but it is sure to benefit businesses for years to come.
By leveraging Big Data Technologies, a business can inevitably realize significant gains in efficiency in the future as more companies explore the analytical possibilities of big data.
By utilizing the analytical power of Big Data Technologies to their greatest potential, businesses can ensure that their success in every aspect of operations will reach new heights, and they can continue to become more competitive in the marketplace.
Just as with any other form of Big Data Technology, it is through the utilization of such resources that businesses can evolve and change with the times and respond to the ever-changing trends in the marketplace.
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Tags: Technology Artificial Intelligence