Extracting value from big data

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The phenomenal growth of social media, mobile applications, sensor based technologies and the Internet of Things is generating a flood of “Big Data” and disrupting our world in many ways. This data is becoming strategically critical to enterprises of all sizes and types. Fueled by new technologies, companies are routinely generating upwards of 20 Petabytes of data each day – a petabye is one million gigabytes or approximately 6 billion digital photos or 20 million four-drawer filing cabinets filled with text.

In today’s world, it is not enough for companies to track their sales, marketing, financial, and other internally generated data. They need to combine their internal data with external sources of data such as blogs and reviews about their products, Twitter and Facebook comments, as well as data from online discussion forums, to develop insights for improving performance and remaining competitive. The challenge here is to deal with a nonstop flood of data being generated at an increasing rate.

This talk will examine the paradigm shift caused by Big Data and focus on how to use “Data Science” to harness its power and create a smarter world. Much of the discussion on Big Data has centered around four “Vs” i.e. Volume, Velocity, Variety, and Veracity. This talk will delve deep into several other interesting and important characteristics to understand the nature of Big Data. These characteristics make it challenging to model and manage big data, yet, they provide the potential to unlock the value of Big Data. Using examples of research projects from the INSITE center (www.insiteua.org), we will examine how value can be extracted from Big Data by employing different analytical techniques. In particular, the focus will be on large scale network analysis and visualization techniques, to understand relationships among the various types of data and develop prediction models. Our examples will span a number of areas including, healthcare, online news propagation, and education. The talk will highlight promising directions for research using Big Data analytics.

Original languageEnglish (US)
Title of host publicationLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
PublisherSpringer Verlag
Volume8823
ISBN (Print)9783319122557
StatePublished - 2014
Event33rd International Conference on Conceptual Modeling, ER 2014 - Atlanta, United States
Duration: Oct 27 2014Oct 29 2014

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume8823
ISSN (Print)03029743
ISSN (Electronic)16113349

Other

Other33rd International Conference on Conceptual Modeling, ER 2014
CountryUnited States
CityAtlanta
Period10/27/1410/29/14

Fingerprint

Industry
Big data
Blogs
Electric network analysis
Marketing
Sales
Visualization
Education
Internet of Things
Social Media
Sensors
Mobile Applications
Network Analysis
Prediction Model
Healthcare
Paradigm
Propagation
Internal
Sensor
Internet of things

ASJC Scopus subject areas

  • Computer Science(all)
  • Theoretical Computer Science

Cite this

Ram, S. (2014). Extracting value from big data. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 8823). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 8823). Springer Verlag.

Extracting value from big data. / Ram, Sudha.

Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics). Vol. 8823 Springer Verlag, 2014. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 8823).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Ram, S 2014, Extracting value from big data. in Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics). vol. 8823, Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 8823, Springer Verlag, 33rd International Conference on Conceptual Modeling, ER 2014, Atlanta, United States, 10/27/14.
Ram S. Extracting value from big data. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics). Vol. 8823. Springer Verlag. 2014. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).
Ram, Sudha. / Extracting value from big data. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics). Vol. 8823 Springer Verlag, 2014. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).
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