Extremely large datasets that cannot be analyzed, processed, or stored with traditional data processing. Big Data is characterized by (5 Vs): Volume, Velocity, Variety, Veracity, Value
The goal of Big Data analytics is to uncover hidden patterns, correlations, and insights that can help in decision-making
The Importance of Big Data
Informed Decision Making
Understanding Market Trends
Improving Customer Experiences
Operational Efficiency
Innovation
Risk Management
Enhancing Public Services
The Sources of Big Data
Social Media
Internet of Things (IoT) Devices
Transaction Records
Web Logs and Browsing Behaviors
Multimedia Content
Public Databases and Government Records
Business Applications
Scientific and Research Data
Data Mining
The process of discovering patterns, correlations, and anomalies within large sets of data (Big Data) to predict outcomes. Data Mining includes: Classification, Clustering, Association Rule Learning, Regression
Data Mining techniques are used in a variety of domains like marketing, fraud detection, healthcare, and beyond
Data Mining Processes
1. Define the business or research problem to understand the goal
2. Gather and explore the data to see what you have
3. Clean and organize your data to make it usable
4. Choose and apply algorithms to find patterns
5. Check if your models effectively meet your goals
6. Implement the solution and make decisions based on insights
7. Keep an eye on the solution's performance and update as needed
Key Techniques in Data Mining 1/2
Classification
Clustering
Association Rule Learning
Regression
Key Techniques in Data Mining 2/2
Anomaly Detection
Dimensionality Reduction
Neural Networks and Deep Learning
Group Methods
What is Data Mining?
Machine Learning
A subset of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed. The core of Machine Learning revolves around: Supervised Learning, Unsupervised Learning, Reinforcement Learning
Machine Learning is widely used for recommendation systems, speech recognition, predictive analytics, and more
What is Machine Learning?
The Importance of Machine Learning
Automates Decisions
Enhances Personalization
Improves Efficiency
Advances Healthcare
Boosts Security
Accelerates Research
Develops Autonomous Systems
Improves Communication
Drives Economic Growth
Combats Climate Change
The combination of Big Data, Data Mining, and Machine Learning allows organizations to not only understand the current state of their operations but also to predict future trends. This capability is critical for strategic planning and staying ahead of market changes
Beyond analysis, the toolkit can automate decision-making processes and routine tasks. For example, Machine Learning models can automate customer service responses or optimize supply chain logistics without human intervention
With deeper insights and the ability to predict future trends, businesses and researchers can innovate more effectively. This might involve developing new products, entering new markets, or creating more efficient processes