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Appropriate analysis and study of every student’s records will help understand each student’s progress, strengths, weaknesses, interests, and more.
According to GDC prognosis, this data is estimated to grow 700 percent by the end of the next year.
Proper study and analysis of this data can help detect any and all illegal activities that are being carried out such as: Various anti-money laundering software such as SAS AML use Data Analytics for the purpose of detecting suspicious transactions and analyzing customer data.
Some of the benefits extracted from big data in the media and entertainment industry are given below: Spotify, an on-demand music providing platform, uses Big Data Analytics, collects data from all its users around the globe, and then uses the analyzed data to give informed music recommendations and suggestions to every individual user.
Amazon Prime that offers, videos, music, and Kindle books in a one-stop shop is also big on using big data.
Bank of America has been a SAS AML customer for more than 25 years.
In this blog, we have seen some of the applications of big data in real world.
It’s pretty cool that big data has played parts not only in big fields but also in our smallest day-to-day life decisions too.
The amount of data in the banking sector is skyrocketing every second.
Few of them are as follows: Welfare Schemes Food and Drug Administration (FDA) which runs under the jurisdiction of the Federal Government of USA leverages from the analysis of big data to discover patters and associations in order to identify and examine the expected or unexpected occurrences of food-based infections.
With people having access to various digital gadgets, generation of large amount of data is inevitable and this is the main cause of the rise in big data in media and entertainment industry.