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BIG DATA: From hype to reality
Örebro University, Orebro University School of Business, Örebro University, Sweden.
2014 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Big data is all of a sudden everywhere. It is too big to ignore!It has been six decades since the computer revolution, four decades after the development of the microchip, and two decades of the modern Internet! More than a decade after the 90s “.com” fizz, can Big Data be the next Big Bang? Big data reveals part of our daily lives. It has the potential to solve virtually any problem for a better urbanized global. Big Data sources are also very interesting from an official statistics point of view. The purpose of this paper is to explore the conceptions of big data and opportunities and challenges associated with using big data especially in official statistics.

“A petabyte is the equivalent of 1,000 terabytes, or a quadrillion bytes. One terabyte is a thousand gigabytes. One gigabyte is made up of a thousand megabytes. There are a thousand thousand—i.e., a million—petabytes in a zettabyte” (Shaw 2014). And this is to be continued…

Place, publisher, year, edition, pages
2014. , 23 p.
Keyword [en]
Big Data, Volume, Velocity, Variety, Veracity, Cukier, Mayer-Schönberger, SCB, Statistics, bigdata
National Category
Probability Theory and Statistics
Identifiers
URN: urn:nbn:se:oru:diva-37493OAI: oai:DiVA.org:oru-37493DiVA: diva2:752309
Subject / course
Statistik
Supervisors
Examiners
Available from: 2014-10-03 Created: 2014-10-03 Last updated: 2014-10-16Bibliographically approved

Open Access in DiVA

BIG DATA - From hype to reality(762 kB)770 downloads
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File name FULLTEXT01.pdfFile size 762 kBChecksum SHA-512
38b8e419dae675a50997f48e97cf0e1765382283327c5e61e5a3c7a0ec3c1e067038f24e8c902797ca8dfd1fc8f0c5d81663e54fb0f8e76f4d463626875d762d
Type fulltextMimetype application/pdf

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Orebro University School of Business, Örebro University, Sweden
Probability Theory and Statistics

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Total: 770 downloads
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf