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Do you see big data analytic softwares replacing human forecasting?

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Question added by Sidrah Nadeem , Global Marketing Manager , Hill+Knowlton Strategies
Date Posted: 2015/03/07
IMRAN ALI MOHAMMED
by IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

I would definitely say YES and why not, with the advent of science and technology no field is left whereby machinery, robots, electronic devices, etc., have if not completely wipe, but have minimized the involvement of human being.  

 

I will give an example of my field - Accounts and Finance- until a decade ago Accountants in the third world use to write all the financial transactions in hefty books manually, just imagine how many books and manpower was involved in the process. But now, only1 person is enough to handle all that. So I would not be surprised if the software's replace human forecasting. 

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Future is quite uncertain, If it is possible for Stock Market Predictions--Investors can earn and benefit by it!!

But in many fields there is enough scope.

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

16 Top Big Data Analytics Platforms

Data analysis is a do-or-die requirement for today's businesses. We analyze notable vendor choices, from Hadoop upstarts to traditional database players.

Revolutionary. That pretty much describes the data analysis time in which we live. Businesses grapple with huge quantities and varieties of data on one hand, and ever-faster expectations for analysis on the other. The vendor community is responding by providing highly distributed architectures and new levels of memory and processing power. Upstarts also exploit the open-source licensing model, which is not new, but is increasingly accepted and even sought out by data-management professionals.

Apache Hadoop, a nine-year-old open-source data-processing platform first used by Internet giants including Yahoo and Facebook, leads the big-data revolution. Cloudera introduced commercial support for enterprises in2008, and MapR and Hortonworks piled on in2009 and2011, respectively. Among data-management incumbents, IBM and EMC-spinout Pivotal each has introduced its own Hadoop distribution. Microsoft and Teradata offer complementary software and first-line support for Hortonworks' platform. Oracle resells and supports Cloudera, while HP, SAP, and others act more like Switzerland, working with multiple Hadoop software providers.

In-memory analysis gains steam as Moore's Law brings us faster, more affordable, and more-memory-rich processors. SAP has been the biggest champion of the in-memory approach with its Hana platform, but Microsoft and Oracle are now poised to introduce in-memory options for their flagship databases. Focused analytical database vendors including Actian, HP Vertica, and Teradata have introduced options for high-RAM-to-disk ratios, along with tools to place specific data into memory for ultra-fast analysis.

Advances in bandwidth, memory, and processing power also have improved real-time stream-processing and stream-analysis capabilities, but this technology has yet to see broad adoption. Several vendors here complex event processing, but outside of the financial trading, national intelligence, and security communities, deployments have been rare. Watch this space and, particularly, new open source options as breakthrough applications in ad delivery, content personalization, logistics, and other areas push broader adoption.

Our slideshow includes broad-based data-management vendors -- IBM, Microsoft, Oracle, SAP -- that offer everything from data-integration software and database-management systems (DBMSs) to business intelligence and analytics software, to in-memory, stream-processing, and Hadoop options. Teradata is a blue chip focused more narrowly on data management, and like Pivotal, it has close ties with analytics market leader SAS.

Plenty of vendors covered here offer cloud options, but1010data and Amazon Web Services (AWS) have staked their entire businesses on the cloud model. Amazon has the broadest selection of products of the two, and it's an obvious choice for those running big workloads and storing lots of data on the AWS platform.1010data has a highly scalable database service and supporting information-management, BI, and analytics capabilities that are served up private-cloud style.

The jury is still out on whether Hadoop will become as indispensable as database management systems. Where volume and variety are extreme, Hadoop has proven its utility and cost advantages. Cloudera, Hortonworks, and MapR are doing everything they can to move Hadoop beyond high-scale storage and MapReduce processing into the world of analytics.

The niche vendors here include Actian, InfiniDB/Calpont, HP Vertica, Infobright, and Kognitio, all of which have centered their big-data stories around database management systems focused entirely on analytics rather than transaction processing. German DBMS vendor Exasol is another niche player in this mold, but we don't cover it here as its customer base is almost entirely in continental Europe. It opened offices in the U.S. and U.K. in January2014.

This collection does not cover analytics vendors, such as Alpine Data Labs, Revolution Analytics, and SAS. These vendors invariably work in conjunction with platforms provided by third-party DBMS vendors and Hadoop distributors, although SAS in particular is blurring this line with growing support for SAS-managed in-memory data grids and Hadoop environments. We also excluded NoSQL and NewSQL DBMSs, which are heavily (though not entirely) focused on high-scale transaction processing, not analytics. We plan to cover NoSQL and NewSQL platforms in a separate, soon-to-be-published collection.

 

I see it's possible to happen.

For example, in a field of specialization in schools, programs can be created using the Excel program using conditional functions such as if; vlookup; count; Count in many works of them

Division of students by specializations

Work of the school schedule

The work of the system of monitoring and control (control)

Making book statistics and settling accounts

All administrative and financial affairs such as monthly salary, incentives, bonuses and all financial derivatives

 

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