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Real Time Big Data Applications in Various Domains

Real Time Big Data Applications in Various Domains

Edited By Team Careers360 | Updated on Aug 24, 2022 09:41 AM IST | #Big Data

For the majority of sectors over the past few years, big data has been a major game changer. Worldwide Big Data market revenues for software and services are anticipated to rise from $42 billion in 2018 to $103 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 10.48 percent, according to Wikibon. This is why one of the most in-demand skills in the industry is the Big Data Masters Program.

Real Time Big Data Applications in Various Domains
Real Time Big Data Applications in Various Domains

Big Data Applications

Big Data applications' main objective is to assist businesses in making more informed business decisions by analyzing vast amounts of data. Web server logs, Internet click stream data, social media activity, and content reports, text from client emails, call logs from mobile phones, and sensor data from various machines could all be included.

Businesses across industries are investing in big data solutions to analyze enormous data sets for any hidden patterns, unidentified correlations, market trends, client preferences, and other important business information.

Big Data Applications: Healthcare

Healthcare systems create a significant amount of data. Due to its limited capacity to standardize and combine data, the healthcare sector has historically fallen behind in embracing Big Data.

However, the advent of customized treatment and prescriptive analytics enabled by big data has improved healthcare. Researchers are analyzing the data to find out which therapies are more efficient for specific ailments, spot trends in drug side effects, and gather other crucial knowledge that can benefit patients and lower costs.

The amount of data is growing exponentially with the addition of mHealth, eHealth, and wearable technology. This comprises data from sensors, imaging, electronic health records, patient-generated data, and other sources.

It is feasible to forecast which diseases will become more prevalent in particular regions by combining healthcare data with geographic data sets. Predictions make it simpler to arrange for storing serums and vaccinations and to strategize diagnostics.

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Big Data Applications: Manufacturing

Nearly zero downtime and transparency are benefits of predictive production. A systematic conversion of data into meaningful knowledge involves a vast amount of data and sophisticated prediction algorithms.

The following are some of the main advantages of adopting big data applications in manufacturing:

  • Monitoring product quality and flaws

  • Supply chain management Production defect monitoring

  • output projection

  • raising energy effectiveness

  • Simulation and testing of novel production techniques

  • support for manufacturing mass customization

Big Data Applications: Media & Entertainment

New business models are being faced by several companies in the media and entertainment sector for how they produce, promote, and distribute their content. This is taking place as a result of modern consumer demand for content access on any device, at any time, and from any location.

Big Data offers actionable pieces of knowledge about millions of people. Ads and content are now being tailored by publishing environments to appeal to customers. This information is obtained using various data-mining processes. The media and entertainment sector benefits from big data applications by:

  • discerning the preferences of an audience

  • scheduling improvement

  • Enhancing recruitment and retention

  • ad targeting

  • Monetizing content and creating new products

Big Data Applications: Internet of Things (IoT)

A mapping of device inter-connectivity is made possible by data gathered from IoT devices. Many businesses and governments have adopted these mappings to boost efficiency. IoT is also being utilized more frequently to collect sensory data, which is then employed in manufacturing and medical settings.

Big Data Applications: Government

Governmental processes can become more productive, cost-effective, and innovative when big data is used and used. The same data sets are frequently used in government use cases across a variety of applications, necessitating cross-departmental cooperation.

Government plays a significant role in the development of Big Data applications across all disciplines since it actively participates in all of them. I'll focus on a few of the key issues:

Cyber security & Intelligence

To strengthen the security of American computer networks, the federal government initiated a cyber security research and development program that depends on the capacity to analyze enormous data sets.

A "Map of the World" being developed by the National Geospatial-Intelligence Agency will be able to collect and analyze information from a wide range of sources, including satellite and social media data. It includes various pieces of information from top-secret, unclassified, and classified networks.

Crime Prediction and Prevention

To provide actionable intelligence that may be used to evaluate criminal behavior, detect crime/incident patterns, and uncover location-based risks, police departments can make use of advanced, real-time analytics.

Pharmaceutical Drug Evaluation

A McKinsey analysis claims that Big Data technology might save pharmaceutical manufacturers between $40 billion and $70 billion on research and development expenses. Big Data technologies are used by the FDA and NIH to access vast volumes of data for medication and treatment evaluation.

Weather Forecasting

Every minute of every day, data is gathered by the NOAA (National Oceanic and Atmospheric Administration) from sensors on land, at sea, and in space. Over 20 terabytes of data are analyzed and valued each day by NOAA using Big Data.

Tax Compliance

Tax companies can utilize big data applications to examine structured and unstructured data from a range of sources to spot numerous identities and questionable conduct. Identification of tax fraud would benefit from this.

Traffic Optimization

Real-time traffic information acquired from cameras, GPS systems, and road sensors is combined with the aid of big data. By modifying public transit routes in real-time, potential traffic issues in dense regions can be avoided.

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