Healthcare industry is bound to produce a vast quantity of data. Big Data analysis for this sector are as follows:
Reduction in treatment cost due to the elimination of unnecessary diagnosis.
Predicting the outbreaks of epidemics by suggesting some preventive steps.
Avoiding the diseases to become worse by early detection.
Prescribing medicines based on medical history
Governments of all countries have a lot of data to keep track of like, the citizens, their progress, geographical surveys, energy resources, and many more. The government gets help from this data in below-given ways.
Making faster and better decisions during various political campaigns and elections.
Checking vulnerable areas and those which demand attention.
Getting updates about the agricultural land and examining it.
Studying and finding solutions on national issues like terrorism, finding energy resources, unemployment, etc.
Big Data is very useful for fraud recognition like finding tax evaders.
The amount of data in the banking sectors is going to touch a whopping figure of 700% by 2020, as per the GDC’s prediction. Such huge data needs to be properly analyzed for a lot of reasons like:
The illegal use of debit and credit cards.
Defining business budgets and plans.
Analysing customer statistics.
Identifying money laundering.
There are a lot of things happening in the education sector too as there are news institutions and schools are coming up and of course a lot more students due to the population. Below given fields are modified with the help of big data:
Dynamic and customization can be put into learning programs as per specific candidate based on the learning history of the student.
By real-time monitoring and on the basis of student’s learning data, the course can be reframed.
Change in the grading systems based on proper analysation of the student.
Career prediction as per the likings, interest, and performance of the student.
Big Data is helping in altering the one-size-fits-all education and evaluation system and it is going to be revolutionary.
With an increase in the sale and use of internet-connected various devices, the digital data and social media data is bound to skyrocket. People are using social media data for their business. Take a look at how big data can be used in the media and entertainment industry:
Studying and predicting audience’s behaviours and interests.
On-demand planning and optimization of media streams on the platforms for the distribution of digital media.
Acquiring deep insights into the customer’s engagements and criticism.
Proper placement and targeting of the advertisements.