Best Big Data Applications & Examples in Today’s World
Big data applications have introduced cutting-edge possibilities in every aspect of our daily life. We are living in a world of tremendous competition. And holding a place for ourselves is the main challenge. If we take a break just even for a short period, we will lag behind others. To keep up the pace and establish ourself, then using big data can be the only option. Big data applications have made our life better and smooth as well.
Big Data Applications & Examples
We are using big data for increasing our efficiency and productivity. Sometimes we may not even understand how data science is performing and creating an impression. The benefits and competitive advantages provided by big data applications will be discussed throughout this article.
1. Big Data Implementation in the Fast-Food Industry
At today’s age, fast food is the most popular food choice all around the world. Young people are choosing fast food over traditional locally made food to save time. Another benefit of having fast food is the option of taking food while you are on the go. There are many popular fast-food companies like McDonald’s, KFC, Pizzahut and so on. These companies are the leader in this industry and taking help from big data to remain at the top.
Interpretation of the Application
- Using a populated database containing demographic, interest, and behavior, fast food companies try to bring changes in the food menu.
- Predict the number of food lovers at the specific time of the day so that they can take preparation according to the demand.
- They have all the information about their customer, which help to design the marketing strategy and follow trends.
- When the queue is long, the data science applications automatically shows only the foods that can be prepared within a short time.
- Can evaluate the performance of a branch and fix the locations where the new offices should be opened to increase profit.
2. Big Data in Banking Sector
We keep our valuable properties in the bank for ensuring security. But a bank has to go through a lot of strategies to keep your wealth safe and well maintained. In each bank, big data is being used for many years. From cash collection to financial management, big data is making banks more efficient in every sector. Big data applications in the banking sector have lessened customer’s hassle and generated revenue for the banks.
Interpretation of the Application
- Using clustering techniques banks can take important decisions. It can identify the new branch locations where the demand is high.
- Association rule is applied in banking sectors to predict the amount of cash needed to be present in a branch at the specific time of every year.
- Banking platforms are digital now, and all operations can be done from home, which is a blessing of data science.
- Machine learning and AI are being used by many banks to detect fraudulent activities and report to the related personnel.
- Data science has made it easy to handle, store and analyze this massive amount of data and ensure its security as well for the banks.
3. Big Data in Casino Business
Casino Business is profitable once you start operations with proper and eye-catching establishments. It is essential to focus on the decoration and interior design to attract the people, primarily the gamblers. But the most crucial thing is maximizing profit where big data can play the most critical role. Casinos have started applying big data in many countries and experienced massive revenue over the years.
Interpretation of the Application
- Big data applications can quickly identify the most popular games, and casinos can increase the number of similar machines to engage more customers.
- Every casino has some glittering establishments which are set up using the big data. Big data helps to identify places where people love to pass most of the time.
- Using data science, you can engage people and motivate them to come again and again. So you will earn a profit over the years.
- When you give more money to the customers than what you earn, you will have to shut your casino business down within a month. Big data ensures your profit.
- If any games are not popular Big data applications will automatically detect these games and help you to evaluate their performance.
4. Big Data in Restaurants
The restaurant industry is focusing on using data-centric applications more and more to establish a place in the existing market. If we consider the restaurant business industry, we can see a lot of competition and struggle that a restaurant has to face to be there in the market. If you are a restaurant owner, you must introduce data science applications into your business processes to increase efficiency and productivity. Sustaining innovation can also play an important role.
Interpretation of the Application
- Collects essential data from customers as a part of the operation and stored into a database to find new possibilities and identify opportunities.
- Evaluate data to predict customer behavior along with their food taste and demand as well.
- Identify companion products like if someone buys chicken, he/she is more likely to buy Pepsi also.
- Data mining is used to find hidden patterns and similarities that help the restaurants to determine their potential customers.
- Image processing and Machine learning identify the most wanted place in restaurants. Restaurant owners then can highlight the area for marketing purpose.
- Besides, data science applications like smart inventory or stock management system are making life easier for the managers to keep track of the resources.
6. Applications of Big Data in Tourism
The tourism business is mainly based upon the interest of an area toward the tourist group and how they present the most desired package of tours within public demands. Modern tourists are more likely to use digital world rather than agencies. Big data helps to gather the knowledge of tourists all around the world about places and people that can be enormously helpful for the tourist company.
Interpretation of the Application
- Helps to gather the information of public demand by analyzing the data travelers provide on social media
Some of the devices can gather credit or debit card information for quick purchase and quick identification of the traveler. - Airlines can plan effectively by the data of passengers and their luggage throughout the journey and provide services accordingly.
- Based on the information of Geo-location, traffic, and weather, travel agencies can send offers and benefits suitable for the particular customer.
- Big data can help to provide security by using blockchain technology.
7. Big Data Applications in Healthcare
Just a few days ago, the role of big data in medical was not mentionable. But data science is dominating to improve healthcare nowadays. Data science not only introduced to identify treatment but also improved the process of rendering healthcare. Big data has a great impact on reducing waste of money and time. Alongside this, governments are using big data to develop new infrastructures and emergency medical services.
Interpretation of the Application
- Enables shift managers to predict the required doctors at specific times and introduced EHR to keep track of patient’s records.
- Using wearable digital devices, big data can monitor patients and send reports to the associated doctors.
- Big data can evaluate symptoms and identify any many diseases at the early stages.
- Can keep the sensitive records secured and store huge amount of data efficiently. Availability of medical database has also played a major role.
- Diseases like AIDS and Cancer can cause life easily. Big data can save lives by analyzing the behavior and health condition of the patients.
- Big data applications can also foretell the location where there is a chance of dengue or malaria spreading.
