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Big Data – What is it?

What’s the Big Deal about Big Data? 52 nd Annual ACMSE Conference Jennifer Lewis Priestley, Ph.D. Professor of Statistics and Data Science. Big Data – What is it?. Big Data – What is it?. VOLUME. VELOCITY. VARIETY. Big Data – What is it?.

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Big Data – What is it?

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  1. What’s the Big Deal about Big Data? 52nd Annual ACMSE ConferenceJennifer Lewis Priestley, Ph.D.Professor of Statistics and Data Science

  2. Big Data – What is it? Center for Statistics and Analytical Services at Kennesaw State University

  3. Big Data – What is it? VOLUME VELOCITY VARIETY Center for Statistics and Analytical Services at Kennesaw State University

  4. Big Data – What is it? Big Data (noun) – Condition present when the volume, variety, and velocity of data exceeds an organization’s storage or computing capacity for accurate and timely decision making. It is NOT just about size.

  5. Big Data – What is it? …but size (volume) is certainly part of the issue… Number of emails sent every second? Tweets per Day? 2.9 Million 50 million Video Uploaded to Youtube every minute? 20 Hours Amount of Data processed every day by Google? 24 Petabytes Orders Processed by Amazon every Second? 73

  6. Big Data – What is it? …and the costs of storage are dropping…

  7. Big Data – What is it? The total amount of digital data will reach 2.7 zettabytes by the end of this year. Approximately 80 percent of this data will be unstructured…

  8. Unstructured Data = Data

  9. Big Data – Does it really matter?

  10. We can’t do things the way we always have… Jennifer’s Grandmother

  11. We can’t do things the way we always have…

  12. Big Data Company 1: Coca Cola ~ 1500 machines around the world Can dispense about 95 drinks an hour Can dispense about 125 different drinks • Submits real time data on: • Syrup consumed/drink configuration • Outlet • Time

  13. Big Data Company 2: The Home Depot ~ 2300 stores globally About 40,000 products in each store Thousands of vendors Product pricing has to be dynamic

  14. Big Data Company 3: The Southern Company ~ 4.6 million customers ~27,000 power distribution lines Advanced Metering Infrastructure Real time data, every customer 14

  15. What do these companies have in common? They have all recognized the value of data to their operations. They have all invested heavily in new hardware and software to capture and store their new data. They have new hiring needs: Computer Scientists, Statisticians, Mathematicians

  16. This shift has huge implications for universities.

  17. We can’t teach the way we have always taught. The 1950s called…they want their curriculum back…

  18. So, what does a 21st Century Curriculum look like? Math, Stat, Computer Science… Real Big, Real World Datasets… Better Integration with Practitioners… More Interdisciplinary Degrees…

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