Big Data has been here and exploding. Businesses, individual and the society have been slowly adjusting to the new trend in technology, data mining and analytics adapted to the needs of Big Data. AroniSoft, with its AroniSmart™ line of technology and analytical tools and methodologies, has been working to make sure our customers will be able to harness the benefits offered by Big Data.
The key question on most of our customers is the following: How is AroniSoft making the AroniSmart tools ready for Big Data mining and analytics?
BEFORE ANSWERING THE QUESTION, LET US RECALL WHAT BIG DATA IS AND HOW IT CAME ABOUT.
There are several authoritative sources on the definition, origins, current status, challenges, and future of Big Data. Here, the definition will be limited to the general understanding.
Big Data has entered into the public lingo to describe the unprecedented exponential growth and availability of data, both structured and unstructured, especially with the development of internet and electronic social media, portals, groups, forums, and communities. This situation has led to a fundamental change in how businesses and the society store, use, and conduct analytics. The implied consequence and the ultimate result are that more, unstructured but timely data may lead to better and more accurate analytics and actionable insights.
When the Big Data was becoming a new trend, in 2001, industry analyst Doug Laney reasoned that Big Data must meet the three Vs conditions: volume, velocity and variety.
Volume: all the transactions, communications, e-mails, searches, tweets, RSS, news, texts, feeds, etc generate massive data, mostly unstructured.
Velocity: data is being generated at unprecedented speed. This requires an even faster reaction time if the society, businesses, and individual need to continuously harness the value from the data and leverage insights generated.
Variety: the data generated by billions and billions of sources today comes in all types of formats. The traditional databases used to contain structured and numeric data. Today, this structured information is a tiny portion of available data. Data and information created today are mostly composed of unstructured text documents, RSS feeds, email, video, audio, stock ticker data, financial transactions, ams, etc. Hence, the tools and resources to gather, manage, merge, structure, update, and maintain these structured and unstructured varieties of data have become the focus of several businesses.
However, data without insights remains useless and a waste of effort. hence the tools to analyze structured and unstructured data become very important. Decision makers do not need data to make strategic or tactical decisions. They need information and insight.
THAT IS WHERE ARONISOFT AND ITS ARONISMART™ TOOLS COME IN.
Now, let us answer our question on how AroniSoft is readying AroniSmart™ tools for Big Data analytics.
Two tools will have more advanced functionalities to analyze Big Data, especially text and transactional data:
AroniSmartIntelligence™, the advanced statistical and data mining tool developed for Mac IOS X® will have a module dedicated to Big Data: Bayesian Models. The module will be dedicated to analyzing text data and will include several Bayesian Network models, estimators and algorithms to deal with unstructured data. AroniSmartIntelligence™ models are being optimized for the needs of Big Data analytics.
AroniSmartInvest™, the advanced Investment research tool developed for Mac IOS X® will have a module to process and analyze RSS and news data related to the stock market. The data could also be used in the Bayesian models of AroniSmartInteligence™.
The other tools will continue to focus on the statistics and data mining and investment research, for structured data. These include: AroniSmartStat™, AroniStat™, AroniStatMobile™, AroniInvest™ and AroniInvestMobile™.
Be Ready for leveraging Big Data with AroniSmartInvest™ and AroniSmartIntelligence™ tools.
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