Big Data and Its Technical Challenges
Abstract
In a broad range of application areas, data is being collected at an unprecedented scale. Decisions that previously were based on guesswork or on painstakingly handcrafted models of reality can now be made using data-driven mathematical models. Such Big Data analysis now drives nearly every aspect of society, including mobile services, retail, manufacturing, financial services, life sciences, and physical sciences.
Creating value from Big Data is a multi-step process: acquisition, information extraction and cleaning, data integration, modeling and analysis, and interpretation and deployment. Research challenges abound, ranging from heterogeneity of data, inconsistency and incompleteness, timeliness, privacy, visualization, and collaboration, to the tools ecosystem around Big Data.
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