Extracting Value From Big Data: In-Memory Solutions, Real Time Analytics, And Recommendation Systems

Abstract

Data is everywhere, but few organizations are deriving the full value from their data. How do you keep up with the velocity and variety of data streaming in and get actionable insights from it, all in real time?The main driver for many of the innovations around big data analytics is "time to action." Today, every business is transforming itself into a digital business. The resulting effect is proliferation of online applications, social-mobile applications, and SaaS applications. This changing nature of business has brought the demand for real-time analytics to mainstream business approaches. There are several examples of innovative applications and usage of real-time analytics:

Enhancing Autonomous Operations in Smart Objects and Devices through the Internet of Robotic Things

“…This enables a comprehensive understanding of market positions, optimization of strategic decision-making processes, and the monitoring of organizational competitiveness. According to Mohanty, Jagadeesh, and Srivatsa [24], the ongoing discussion is on the methods by which organizations may effectively extract value from big data, considering the highly competitive nature of the market and the abundance of extensive, diverse, and intricate datasets available for analysis. According to [25], the application of digital technologies results in the generation of vast quantities of data.…”

Collaborative Mining Method for Location Big Data of Outdoor Activities

“…The development of location service mainly needs to attach importance to two aspects of abilities: The ability to provide the location and the ability to understand the location. In terms of the provision of location, along with the development of the indoor and outdoor seamless positioning technology and the enhanced system technology, the positioning accuracy is improved constantly (Mohanty, Jagadeesh and Srivatsa, 2013;Wu and Ester, 2015;Zeng, Sun, Duan, Liu and Wang, 2013), which has basically met the need of production and life of people in the mass application level; In terms of the ability to understand the location, however, there are a lot of challenges at present, which is the hot spot of attention of the academia and industry. Understanding the location is actually to understand the human activities, human emotions and human environment reflected from the location, therefore, it is also known as ubiquitous mapping or location-based social awareness (Gomes, Gaber, Sousa and Menasalvas, 2013;Balamurugan, Bhuvana and Pandian, 2012;Langseth and Nielsen, 2012).…”