1. Algorithm: A set of rules defined by statistical process used to program the computer to perform an analysis of data. 2. Big Data Scientist: A data wizard who possesses the knowledge & skills of handling both structured and unstructured data with elan and generate profitable insights for the business. 3. Cloud Computing:A new paradigm computing service delivered over the Internet “the cloud”. It has brought a marked shift from the traditional way businesses think about IT resources. All computing services like —servers, storage, databases, networking, software, analytics, intelligence and more are all just on the Internet (“the cloud”) to offer faster innovation, flexible resources and economic benefits. 4. Data Lake:A storage repository of a vast pool of raw data (much larger than data warehouses which is un processed) and the purpose of which is still unknown. The end users are usually Data Scientists unlike Data Warehouses which are accessed by Business professionals. 5. Data Warehouse: The system of data storage from multiple sources for the purpose of analysis and reporting. The reports generated are used to drive business decisions. 6. Flume : Flume is defined as a robust, reliable, distributed, and available service for aggregating, […]
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