I'm trying to understand big data better. Could you provide me with an example of what big data is? I'm particularly interested in seeing a real-world application or scenario where big data is used.
            
            
            
            
            
            
           
          
          
            5 answers
            
            
  
    
    TopazRider
    Thu Oct 31 2024
   
  
    By doing so, companies can deliver hyper-personalized retail product recommendations. These recommendations are tailored to individual customers based on their preferences and past behaviors.
  
  
 
            
            
  
    
    Alessandra
    Thu Oct 31 2024
   
  
    Another example of big data usage is monitoring payment patterns. This involves keeping track of transactions and analyzing them for any irregularities.
  
  
 
            
            
  
    
    KimonoGlory
    Thu Oct 31 2024
   
  
    Big data plays a crucial role in various industries by providing valuable insights.
  
  
 
            
            
  
    
    EnchantedSky
    Thu Oct 31 2024
   
  
    By comparing current payment patterns against historical customer activity, businesses can detect fraud in real time. This helps in preventing fraudulent activities and protecting customer information.
  
  
 
            
            
  
    
    CryptoTitaness
    Thu Oct 31 2024
   
  
    One example of big data application is tracking consumer behavior and shopping habits. This involves collecting and analyzing vast amounts of data on customer interactions and purchases.