Data Mining & Analysis

Big Data Applications, Challenges and Opportunities

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Big data has increased the demand of information management so much that most of the world’s big software companies are investing in software firms specializing in data management and analytics. According to one rough calculation, one-third of the globally stored information is in the form of alphanumeric text and still image data, which is the format most useful for most big data applications. Since most of the data is directly generated in digital format, we have the opportunity and the challenge both to influence the creation to facilitate later linkage and to automatically link previously created data. There are different phases in the Big Data analysis process and some common challenges that underlie many, and sometimes all, of these phases.