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What kinds of projects are better suitable for Big Data?

Answer»

All the projects that involve a lot of data crunching (mostly unstructured) are better candidates for Big Data projects. Thus Telecom, Banking, Healthcare, Pharma, e-commerce, Retail, energy, transportation, etc. are the major SECTORS that are playing big with Big Data. Apart from these any business or sector that is dealing with a lot of data is better candidates for implementing Big Data projects. Even the manufacturing companies can utilize Big Data for product improvement, quality improvement, inventory management, reducing expenses, improving operations, predicting equipment failures, etc. Big Data is being used in Educational fields also. Educational industry is generating a lot of data related to students, courses, faculties,  results, and so on. If this data is properly analyzed and studied, it can provide many useful insights that we can be used to have an improvement in the operational efficiency and the overall working of the educational entities. 

By harnessing the potential of Big Data in the Educational field, we can expect the following benefits:

  1. Customized Contents
  2. Dynamic Learning Programs
  3. Enhanced Grading system
  4. Flexible Course Materials
  5. Success Prediction
  6. Better Career Options

Healthcare is one of the biggest domains which makes use of the Big Data. Better treatment can be given to patients as the patient's related data gives us the necessary details about the patient's history. It helps you to perform only the required tests, so the costs related to diagnosis gets reduced. Any outbreaks of epidemics can be better predicted and hence the necessary steps for its prevention can be taken early. Some of the diseases can be prevented or their severity can be reduced by taking preventive steps and early medication.

Following are the observed benefits of using Big Data in Healthcare:

  1. Better Prediction
  2. Enhanced Treatment
  3. Only the necessary tests to be performed.
  4. Reduced Costs
  5. Increased Care

Another area/project which is suitable for the implementation of Big Data is - 'Welfare Schemes'. It assists in making informed decisions about various welfare schemes. We can identify those areas of concern that need immediate ATTENTION. The national challenges LIKE Unemployment, Health concerns, Depletion of energy resources, Exploration of new avenues for growth, etc. can be better UNDERSTOOD and accordingly dealt with. Cyber Security is another area where we can apply Big Data for the detection of security loopholes, identifying cyber crimes, illegal online activities or transactions, etc. Not only we can detect such activities but also we can predict in advance and have better control of such fraudulent activities.

Some of the benefits of using Big Data in Media and Entertainment Industry can be as given below:

  1. On-demand content delivery.
  2. Predicting the preferences and interests of the audience.
  3. Insights from reviews of the customers.
  4. Targeted Advertisements etc.

The projects related to Weather Forecasting, Transportation, Retail, Logistics, etc. can also be good players for Big Data.



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