01-02 Big Data and data-driven decisions
Slides: https://webeep.polimi.it/pluginfile.php/228925/mod_resource/content/2/SMBUD-01-bigdata_compressed.pdf
Pages
01 The Data-driven Virtuous Cycle
Collect Widely different data sources: Logs IoT Social Media Ecommerce Traditional businness databases Analyze The analyse step is focussed on description and prediction. It must be stakeholder drive…
02 What is Big Data and new ways to solve problems
Definition of the four Vs Volume (Data at scale): terabytes to hexabyte of data cumulated on cheaper and cheaper storages Variety (Data in many forms): structured, unstructured, text, images, video…
03 Data-driven decisions
Using data decisions no longer have to be made in the dark or based on gut instinct; they can be based on evidence, experiments and more accurate forecasts. Data driven organizations perform better,…