statspecialist.com http://www.statspecialist.com/blog/big-data-analysis-and-analytics/ Statistics Specialist Big data analysis and analytics First, it is important to define the term big data and differentiate between data analysis and data analytics. Big...
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statspecialist.com http://www.statspecialist.com/blog/big-data-analysis-and-analytics/ Statistics Specialist Big data analysis and analytics First, it is important to define the term big data and differentiate between data analysis and data analytics. Big data refers to data sets so large or complex that traditional data processing applications are inadequate. It is characterised by big volume, high velocity (it accrues fast e.g. transactions data) and variety (can be structured or unstructured e.g. videos, emails); what is sometime referred to as the three Vs of big data. The challenges mainly include analysis, capture, storage and visualization. Data analysis refers to the extensive use of statistics, with or without the aid of computerized tools, to gain insights/knowledge from the data. Data analytics is a discipline rather than a tool. It uses data analysis and other data science tools to recommend actions or aid decision-making; it is thus concerned with the whole process of anal
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