On big data predictive analytics-trends, perspectives, and challenges

Abstract

The world is experiencing explosive growth in numerous sectors such as healthcare, engineering, scientific studies, business, social networking. This growth is causing an immense surge in data generation too. And with the emergence of technologies like internet of things (IoT), Mobile, and cloud computing, the volume of data being produced is skyrocketing. However, making sense of this colossal amount of data is a daunting challenge. Enter big data computing, a new paradigm that blends large datasets with advanced analytical techniques. Big data is characterized by the three V's: Volume, velocity, and variety, and refers to massive datasets. By processing this data, we can uncover new opportunities and gain valuable insights into market trends. Traditional techniques are simply not equipped to handle the scale of Big Data. The purpose of this article is to gather reviews of various predictive analytics applications related to big data and the advantages of using big data analytics across various decision-making domains.