Big Data Analytics: Challenges, Issues, Applications and Research Opportunity

Abstract

Big Data is performing a tremendous growth in various fields like healthcare, banking, finance, energy conservation, manufacturing and cyber technology. Among this, the most preferable data is consumed by the banking, medical and financial sector. The science and technology will not support financial institutions to maximize the cost of facts but also help them to attain competitive advantages, reduce costs, and convert challenges to possibilities and decrease risks in real time. The survey provides enlightenment for monetary services corporation to follow the new statistics sets and algorithms to business operations which will optimize capital allocation, money management and foreign money processing. Most of the companies and industries prefer data analytics for their business improvement. The objective of this survey is to discuss about various challenges, issues, application and research opportunity of the data analytics.