Presentation Financial Times Big Data at EBU Big Data Conference
Presentation-Big data optomisation
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Transcript of Presentation-Big data optomisation
Every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere:
What is BIG DATA
sensors used to gather information.
Posts to social media sites
Digital pictures and videos
Purchase transaction records
Cell phone GPS signals to name a few.
The 4 V’s of Big data
Variability
Visualization
Data is not IMPORTANT, it is
what you do with it is IMPORTANTVALUE
What Should be done --- Look for answers
Where did the data come
from?
Is the data from a transaction that can be audited and proven?
Is the data truth or opinion?
is it behavioral data from a data aggregator?
Is the data an intentional fabrication?
Is the profile information supplied by a registered user reliable?
What Should be done –Three principals to start with•Has the source (system, person or data stream) proved to be reliable on previous occasions? Chances are he/she/it will be again.
•Do other sources point in the same direction? Although it is unlikely that you'll get exactly the same results when you triangulate, you may be able to confirm a trend.
•Have other users or uses found the data to be useful? Try counting the effective popularity of data being used, or its "likes," if you will.