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The major applications of Big Data helps the organization in understanding the needs of the customers in a better way, helps in reducing the operational costs, detects major risks in a given operational environment, checks for frauds, and also makes all the business processes more efficient.
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Big data and its analysis. It is determined that big data is a combination of structured, unstructured and semi-structured data obtained by the companies which may be used for predictive modeling, machine learning, and other analytics processes.