Assessment 3 report.docx - Big Data In business Report...

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Big Data In business ReportVictoria UniversityName: Zhefei He (s4643150) & Huy Pham (s4641117)Group No.3Date: 05/25/20211
ContentTITLE PAGE ------------------------------------------------------------------------------------------1INTRODUCTION ------------------------------------------------------------------------------------3SOLUTION 1 ------------------------------------------------------------------------------------------ 4SOLUTION 2 ------------------------------------------------------------------------------------------ 52
INTRODUCTIONBig DataFirstly, in order to understand the report easily, we need to understand what is big data. BigData is a field dedicated to the analysis, processing, and storage of large collections of datathat frequently originate from disparate sources. But it is too large or complex for traditionaldata processing methods to analyze. Big Data solutions and practices are typically requiredwhen traditional data analysis, processing and storage technologies and techniques areinsufficient. In a word, Big data is so high in volume, velocity or variety that traditionalprocessing methods may fail to keep up.In the small to medium sized business, it helps them to quickly uncover the causes behindissues, defects and failures. And it will instantly create coupons at the point of sale based on acustomer's buying habits. Also, rapidly recalculate an entire risk portfolio and inform yourfull data and analytics strategy. So big data is useful for business purposes such as resolvingissues, enhancing cybersecurity, and determining your data and analytics strategy from top tobottom. Below, we'll explain how today's big data solutions can help you achieve these goalsin the business.Business DetailName: IBMLocation: Armonk, New YorkWhat it does: In addition to its myriad technology products and services, IBM suppliesanalytical solutions to help companies wrangle data effectively. The company’s focus for data

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