Application of big data techniques to a problem

21. Application of big data techniques to a problem:


Big data techniques are used in various fields like healthcare, e-commerce, finance, and manufacturing to solve specific problems and make better decisions. For example, in healthcare, these techniques predict patient readmission rates by analysing health records. In e-commerce, they personalise product recommendations based on browsing and purchase history using recommendation systems. In finance, they detect dishonest financial activities by analysing financial data with anomaly detection algorithms. In manufacturing, they predict equipment failures by analysing measurement device data with predictive maintenance models. These techniques involve problem definition, data collection, data preparation, analysis, model training, evaluation, improvement, deployment, and continuous monitoring to get valuable insights from large datasets. Overall, they aim to improve outcomes such as patient care, sales, fraud detection, and operational efficiency while reducing costs.

Application of big data techniques to a problem