Big data: Opportunities, Challenges and solutions

Abstract

The problems related to the phenomenon of Big Data are currently among the top 10 hottest topics of information and communication technology. Big Data phenomenon refers to the data explosion observed today. At present, the term is widely used in different communities of many application domains, including researchers and practitioners. Big Data analysis can provide for many new opportunities in many respects motivating and stimulating industrial and commercial take-up of novel emerging technologies. The in-depth analysis of Big Data processing and analytics publications shows that the most of them write about “new opportunities” and “new challenges”. However, very few papers present the solutions for predictive analytics that go beyond the limits of OLAP-like processing models and technologies. The goal of this paper is to outline in more detail not only the nature of opportunities and particular challenges but also some original solutions to attack them.