Big Data analysis and Data mining

Big data is a term for a large data set. Big data sets are those that outgrow the simple kind of database and data handling architectures that were used in earlier times, when big data was more expensive and less feasible. For example, sets of data that are too large to be easily handled in a Microsoft Excel spread sheet could be referred to as big data sets. Data mining refers to the activity of going through big data sets to look for relevant or pertinent information. This type of activity is really a good example of the old axiom "looking for a needle in a haystack." The idea is that businesses collect massive sets of data that may be homogeneous or automatically collected. Decision-makers need access to smaller, more specific pieces of data from those large sets. They use data mining to uncover the pieces of information that will inform leadership and help chart the course for a business.

 

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