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 ourselves, then using big data can be the only option. Big data applications have made our lives better and smoother as well.
Big Data Applications & Examples
We are using big data to increase 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
In 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 leaders in this industry and taking help from big data to remain at the top.
Interpretation of the Application
- Using a populated database containing demographics, interests, and behavior, fast food companies try to bring changes to the food menu.
- Predict the number of food lovers at a specific time of the day so that they can prepare according to the demand.
- They have all the information about their customer, which helps to design the marketing strategy and follow trends.
- When the queue is long, the data science applications automatically show 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 the Banking Sector
We keep our valuable properties in the bank to ensure 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 has been 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 make 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 a 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 them 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 that are set up using big data. Big data helps to identify places where people love to spend most of their 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
- Collect essential data from customers as a part of the operation and store it in 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 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 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 purposes.
- Besides, data science applications like smart inventory or stock management systems are making life easier for managers to keep track of 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 the 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 information on public demand by analyzing the data travelers provide on social media
Some of the devices can gather credit or debit card information for quick purchases and quick identification of the traveler. - Airlines can plan effectively on 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 medicine was not mentionable. However, data science is dominating to improve healthcare nowadays. Data science was not only introduced to identify treatment but also to improve 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 introduces EHR to keep track of patient records.
- Using wearable digital devices, big data can monitor patients and send reports to the associated doctors.
- Big data can evaluate symptoms and identify many diseases at the early stages.
- Can keep sensitive records secured and store huge amounts of data efficiently. The availability of medical databases 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 conditions of the patients.
- Big data applications can also foretell the location where there is a chance of dengue or malaria spreading