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Unit 2

IT

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21 views26 pages

Unit 2

IT

Uploaded by

garedew32
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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UNIT 2

EMERGING TECHNOLOGIES
OVERVIEW OF EMERGING TECHNOLOGIES

Emerging Technology is a term that is commonly used to describe a


new technology, but it can also refer to the evolution of existing
technology.
It is widely used to describe technologies that are in development.
This unit addresses some additional selected emerging technologies
including
 Big data,
 cloud computing,
 fog computing, and
 internet of things (IoT).
2.1. Introduction to Big data
Big data is the term for a collection of data
sets so large and complex that it becomes
difficult to process using on-hand database
management tools or traditional data
processing applications.
Cont…
2.1.1 Characteristics of Big data
Big data is characterized by 5V, namely
Volume, Variety, Velocity, Veracity, and
Value .
The most common characteristics of Big
data are:-
1. Variety: Variety of Big data refers to the
nature of data i.e whether it is
structured,
unstructured, and
semi-structured data.
Today, data comes in an array of forms such as
emails, PDFs, photos, videos, audio, social media
posts, and others.
2. Velocity: Velocity refers to the speed at
which data is being created in real-time.
3. Volume: Volume indicates huge ‘volumes’
of data that are being generated daily from
various sources, like social media platforms,
business processes , machines, networks,
human interactions, and others.
4. Value: It is the amount of valuable, reliable,
and trustworthy data that needs to be stored,
processed, and analyzed to find insights.
5. Veracity :Veracity means the degree of
reliability that the data has to offer.
• Volume: large amounts of data Zeta
bytes/Massive datasets
• Velocity: Data is live streaming or in motion
• Variety: data comes in many different forms
from diverse sources
• Veracity: can we trust the data? How
accurate is it? etc.
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2.1.2 Benefits of Big data
Bigdata projects help us to cure disease and prevent
cancer, maximize crop yields, explore distant planets,
predict and respond to natural and man-made
disasters, prevent crimes, and more.
Benefits /Advantages Bigdata
Customer acquisition and retention:
Targeted advertisements (Ads):
•Product development:
•Price optimization:
•Risk management
•Improved decision-making:
2.1.3 Application of Bigdata
Below are some examples of sectors in which Bigdata can contribute
by generating value:
Healthcare
Education
Banking
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Agriculture - Smart farming and precision
agriculture practices help farmers to save costs
and open new business opportunities.
Manufacturing - In the manufacturing sector,
Bigdata helps create a transparent infrastructure,
predicting uncertainties and incompetence that can
affect the business adversely.
Retail - Bigdata has changed the way traditional
retail industry.
Transportation - The transportation business can
also benefit greatly from Bigdata analytics.
 Both companies and government-run transportation
corporations employ Bigdata technologies to optimize
route planning, control traffic, manage road congestion,
and improve services in countries all over the world.
2.1.4 Challenges of Bigdata
 Aside from the benefits, Bigdata also has
challenges related to data quality, storage, a
shortage of data science experts, validating data,
and gathering data from various sources.
Some of the current major Bigdata
challenges/disadvantage of bigdata
Managing Bigdata Growth
Lack of data professionals
Securing Data
Integrating data from a variety of sources
THANK YOU

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