Technology has changed a lot in this digital era. Earlier we had landline phones but now
wehave Smartphones, Laptops and Tablets that are making our life smarter. We were
usingbulky desktops for processing huge amounts of data, we were using floppies and hard
disksto store the data earlier. Now we can store data in the cloud. Due to the enhancement
oftechnologyweweregeneratingalotofdata,forexampleeachsmartphoneuserapproximately
generates 40 Exabyte’s of data every month in the form of texts, emails,phone calls, videos,
photos, searches, music, etc., if this number is multiplied by 5 billionsmartphone users, that
is a large amount. Traditional computing systems cannot handle thislarge amount of data.
You have no idea about how much data you are generating in
eachminute.Butthechallengingparthereisthatthedataisnotpresentinastructuredmannerand it is
huge in size. Data is being generated in millions of ways and it is one of the biggestfactors
for the evolution of Big Data. With the exponential growth of the data, people startedto store
it in relational database systems. But with the advancements in the internet anddigitalization,
they are insufficient. In order to overcome this, big data came into the picture.This Big
Data.Provides a new set of tools and technologies to store a large amount ofunstructured
data.
Industryinfluencers,academicians,and other prominent stakeholders agree that Big Datahas
become a big game-changer in most industries. The primary goal for most organizationsis to
enhance customer experience, cost reduction, better-targeted marketing, and
makingexistingprocessesmoreefficient.Inthispaper,welookintothevariousapplicationsthatBig
Data offers to the industries, Industry-specific challenges that these industries face, andhow
Big Data solves these challenges.