Definitions


# Internet of Things (IoT)

refers to a network of physical objects or “things” embedded with software, sensors, … allowing them to collect & exchange data over the internet. These connected devices can include everyday objects.

The goal of IoT is to enable a communication between these devices to share information, perform intelligent actions - often without direct human intervention.


# Big Data

refers to data sets that are too large / complex to be dealt with by traditional data-processing application software.

5 V’s

  1. Variety: lots of data formats
  2. Volume: management of massive data amounts
  3. Validity: one of main reasons of BD = throw away false data
  4. Velocity: constant changes; new creations
  5. Value: a company uses saved data to win from them

Big Data Analysis

  • Descriptive Analytics - analysis of data from the past - identifies patterns & trends
    • ”What happened?”
  • Diagnostic Analytics - analysis of data from the past
    • ”Why did something happen?”
  • Predictive Analytics - uses statistics & ml to predict something in the future
    • ”What could happen?”
  • Prescriptive Analytics - sees something from the past & gives recommendations for the future
    • ”What should we do - to reach a goal?”

# DS: Data-Science

is the process of analyzing & interpreting data. this is used to gain useful insights & make informed decisions, using statistics and machine learning. it helps to find trends in data, guiding businesses & researchers in making better choices.