Overview of Big Data
Module 1
   Evaluation Criteria - Theory
       Criteria                   Marks
Mid Marks(Best of Three)           30M
      Assignment                   5M
         Quiz                      5M
         Total                     40M
        Evaluation Criteria - Lab
     Criteria                 Marks
Continuous Evaluation          40M
    Lab Exam 1                 15M
    Lab Exam 2                 15M
      Coursera                 20M
     Case Study                10M
       Total                   100M
       Coursera Course Link
Introduction to Big data with Spark and Hadoop offered by IBM
https://www.coursera.org/learn/introduction-to-big-data-with-spark-
hadoop
Syllabus – Module 1
Getting an overview of Big Data
Big Data definition, History of Data Management, Structuring
Big Data, Elements of Big Data, Big Data Analytics.
Exploring use of Big Data in Business Context:
Use of Big Data in Social Networking, Use of Big Data in
preventing Fraudulent Activities in Insurance Sector & in
Retail Industry.
Why Big Data ?
• Soaring Demand for Analytics
  Professionals
• Salary Aspects
• Big Data Analytics: A Top Priority
  in a lot of Organizations
• Big Data Analytics is Used
  Everywhere!
                                       6
Soaring
Demand for
Analytics
Professionals
Salary
Aspects
          8
Big Data –
Job Titles
Big Data –
Required
   skills
Big Data/Analytics
    11             Jobs (Toronto)
   • Banks                          • Web/Mobile/Startup
     • RBC, TD, CIBC, Scotiabank,     – Google, Mozilla
       AMEX, CapitalOne, ING
       Direct                       • Digital Media/Agencies
   • Telcommunications                     • Globe and Mail, Kobo
     • Rogers, Telus, Bell, etc.    • Consulting
   • Technology                       – Accenture, IBM, Deloitte, SAS
     • BlackBerry, Huawei, CGI      • Retail/e-commerce
   • Manufacture/Services             – Amazon, HR, Hudson Bay,
     • GM, Canada Post,                  Sears, Shoppers, Canadian Tire,
       Workopolis                        Sobeys
   • Insurance                      • Pharmaceutical/Healthcare
     • SunLife, Manulife              – Hospitals, Clinical Research
                                         Companies etc.
                        Job Market
                        • Where are big data
                          jobs?
                               •   North America
                                      •   Sillicon Valley, Seattle,
                                          NYC, Toronto
                               •   India/China
Big data jobs around the nation: http://www.tableausoftware.com/public/gallery/big-data-jobs
Big Data Salary: http://goo.gl/4et998
Oreilly Media Data Science Salary Survey: http://www.oreilly.com/data/free/files/stratasurvey.pdf
KDNuggets 2014 Analytics/Data Science Salary Poll: http://goo.gl/VhO9IW
Why is Big Data important now?
'Big Data' has many valuable applications:
• Product recommendation
• Prediction
• Market Analysis
• Fraud detection
And many, many more ... Data must be processed to glean insights from it and derive the
value from it.
Big Data Made Possible
Hardware
    ‒ Big cluster of commodity machines at lower cost
        • Faster processor
        • Cheaper memory
        • Bigger hard drive space
        • Faster network bandwidth
Software
    ‒ Algorithms to allow parallel computing (map-reduce)
What is Big Data?
Think of the following:
• Every second, there are around 8,22 tweets on Twitter.
• Every minute, nearly 510 comments are posted, 293,000 status are updated and
  136,000 photos are uploaded on Facebook.
• Every hour, Walmart handles more than 1 million customer transactions.
• Everyday, Customers make around 11.5 million payments by using PayPal.
- Digital world -> increase in data rapidly ->increase in the use of internet, sensors
at a very high rate.
- The sheer volume, variety, velocity and veracity of such data is signified by the
  term ‘Big Data
What is Big Data?
• Big data is structured, unstructured and semi-structured in nature.
• Difficult for computing systems due to high speed and volume.
• Traditional data management, warehousing and analysis fizzle to
  analyze the high speed of data.
• Hadoop by Apache is widely used for storing an managing Big data.
• According to IBM, everyday we create 2.5 quintillion bytes of data – so
  much that 90% of the world today has been created in the last two
  years alone.
• Data – sensor data, climate data, GPS data, bank data to name a
  few.This data is Big data.
Big Data - Definition
• “Big data” is high-volume, velocity, and variety
  information assets that demand cost-effective,
  innovative forms of information processing for
  enhanced insight and decision making.”
• In simple words, Big data is a collection of data that is
  huge in volume, yet growing exponentially with time.
  It is a data with so large size and complexity that none
  of traditional data management tools can store it or
  process it efficiently.
                   • One of the data production source - Smart electronic
                     devices
Data Expansion –   • Amount of data – 175 ZettaBytes by 2025.
Day by Day         • Total volume of data – double every two years.
Tabular Representation of various Memory
Sizes
     NAME           EQUAL TO                      SIZE(IN BYTES)
       Bit             1 bit                           1/8
     Nibble           4 bits                        1/2 (rare)
      Byte            8 bits                            1
   Kilobyte-KB      1024 bytes                        1024
  Megabyte-MB     1, 024kilobytes                  1, 048, 576
  Gigabyte-GB    1, 024 megabytes                1, 073, 741, 824
  Terrabyte-TB   1, 024 gigabytes             1, 099, 511, 627, 776
  Petabyte-PB    1, 024 terrabytes          1, 125, 899, 906, 842, 624
   Exabyte-EB    1, 024 petabytes        1, 152, 921, 504, 606, 846, 976
  Zettabyte-ZB   1, 024 exabytes       1, 180, 591, 620, 717, 411, 303, 424
  Yottabyte-YB   1, 024 zettabytes   1, 208, 925, 819, 614, 629, 174, 706, 176
                                                                                 19
In simple
 words,
 various
memory
   sizes
Sources of Big Data
• Social media
• Sensor placed in various cities
• Customer satisfaction feedback
• IoT Appliance
• E-Commerce
• Global Positioning System(GPS)
Sources of Big Data
Social Media
• Whatsapp, Facebook, Instagram, Twitter, YouTube etc
• Each activity – upload photo/video, making comment, sending a
  message, like etc create data.
Sensors
• Sensors in city – gather temperature, humidity etc
• Camera beside roads gather information
• Security cameras in airports/banks – create a lot of data
Customer Satisfaction feedback
• Amazon, flipkart, firstcry, licious, swiggy, blinkit, zepto etc –
  gather customer feedback – quality of product/deliver time. It
  creates a lot of data.
Sources of Big Data
IoT Appliance
• Electronic devices connected to the internet create data for their smart functionality. Example :
  Samsung smartthings.
E-Commerce
• Payments through Credit card, Debit card, pay later, or all electronic ways are recorded as data.
Global Positioning System(GPS)
• Vehicle movement – directions/ traffic congestion. Creates a lot of data on vehicle position and
  movement.
1. Volume
Volume defines how much data we have – what we used to measure in Gigabytes is now measured in
Zettabytes (ZB) or even Yottabytes (YB). The Internet of Things (IoT) creates exponential growth in data.
Projections show the volume of data changing significantly in the coming years.
2. Velocity
Velocity represents the speed at which data is processed and becomes accessible. Today, if delivery is not
real-time, it’s usually not fast enough.
3. Variety
Variety describes one of the biggest challenges of big data. The insights may come without structure. The
total asset may include many data types, from XML to video to SMS. Organizing the data in a meaningful
way is no simple task when the data itself changes rapidly.
4. Variability
Variability is different from variety. A coffee shop may offer six different blends of coffee, but if you get
the same blend every day and it tastes different every day, that is variability. The same is true of data. If
the meaning constantly changes, it can significantly impact your data homogenization.
5. Veracity
Veracity ensures the data is accurate, which requires processes to keep the insufficient data from
accumulating in your systems. The simplest example is when contacts enter your marketing
automation system with false names and inaccurate contact information. How many times have you
seen Mickey Mouse in your database? It’s the classic “garbage in, garbage out” challenge.
6. Visualization
Visualization is critical in today’s world. Using charts and graphs to visualize large amounts of complex
data is much more effective in conveying meaning than spreadsheets and reports chock-full of
numbers and formulas.
7. Value
Value is the end game. After addressing volume, velocity, variety, variability, veracity, and visualization
— which takes a lot of time, effort, and resources —, you want to be sure your organization is getting
value from the data.
Main Features of Big data
                               Big Data
                          Is classified in terms of
        Is a new data
                                     4 V’s
       challenge that                                 Is usually unstructured
                                   Volume
    requires leveraging                                  and qualitative in
                                    Variety
      existing systems                                         nature
                                   Velocity
          differently
                                   Veracity
Real world examples – Big data
• Social media analytics – Consumer product companies and retail
  organizations are observing data on social media websites to analyze
  customer behaviour, preferences etc
• Insurance companies use BDA to see which home insurance
  applications can be immediately processed and which ones need a
  validating in person visit from an agent.
• Hospitals are analysing medical data and patient records to predict
  those patients that are likely for readmission within few months of
  discharge.
• Relying on Social networks and analytics, Companies are gathering
  volumes of data from the web to help musicians and music
  companies better understand their audiences.
                      Types and Sources of data
  Type                   Description                               Source
 Social Data     Information collected from various      Facebook, Twitter and Linkedin
                  social networking sites and online
                               portals
Machine Data      Information generated from RFID          RFID chip readings, Global
                chips, bar code scanners and sensors        positioning System(GPS)
                                                                     Results
Transactional    Information generated from online        Retail websites like ebay and
    Data        shopping sites, retailers and Business              Amazon
                    to Business(B2B) transactions
Caselet
   History of Data Management – Evolution of Big Data
• Big data is the new term of data evolution directed by velocity, variety
  and volume of data.
• Velocity implies the speed with which the data flows in an
  organization.
• Variety refers to the varied forms of data, such as structured,
  semi-structured or unstructured.
• Volume defines the amount or quantity of data an organization has to
  deal with.
Challenges faced while handling the data over the
                past few decades
                                   In the 90’s,technology
                                                               Today, the technology is
In the early 60’s, technology      witnessed issues with
                                                             facing issues related to huge
  witnessed problems with                  variety
                                                                volume, leading to new
velocity. This need, inspired   (emails,documents,videos),
                                                                storage and processing
 the evolution of databases.     leading to the emergence
                                                                       solutions,
                                     of non-SQL stores.
              • In simple terms, arranging the available data
                so that it becomes easy to study, analyse,
                and derive conclusion from it.
              • Information processing systems – Can
                analyse on basis of what you searched, what
Structuring     you looked at, for how long you remained at
                a particular page or website.
Big Data      • When a user regularly visits or purchases
                from Amazon, each time he/she logs in, the
                system can present a recommended a list of
                products that may interest the user on the
                basis of his/her purchases or searches. This
                is the power of Big Data Analytics.
Types of Data
• Data that comes from multiple sources such as
  databases, ERP systems, weblogs, chat history and
  GPA maps varies in its format.
• Data is obtained primarily from the following types of
  sources:
(a) Internal sources, such as organizational data
(b) External sources, such as social data
Types of Data
   Data Source               Definition                              Examples                           Application
Internal         Provides structured data that          •   Customer Relationship           This data is used to support daily
                 originates within the enterprise and       Management                      business operations of an
                 helps run business                     •   Enterprise Resource Planning    organization
                                                        •   Customers, details
                                                        •   Products and sales data
External         Provides unstructured data that        •   Business partners               This data is analyzed to understand
                 originates from external               •   Internet                        the entities mostly to external
                 environment of an organization         •   Market research organizations   organizations, such as customers,
                                                                                            competitors, market and
                                                                                            environmemt.
Types of Data
• Big data comprises
- Structured data
- Unstructured data
- Semi-structured data
Structured data
• Is organized data in a predefined format
• Is stored in tabular form
• Is the data that resides in fixed fields within a record or file
• Is formatted data that has entities and their attributes
  mapped
• Is used to query and report against predetermined
  datatypes
• SQL is used for managing and querying data - represent
  only 5 to 10% of all the data
• When data grows beyond the size of RDBMS, it Can be
  stored & analyzed in data warehouses but only up to
  certain limit
Example –Sample of Structured data
    Customer   Name     Product ID     City       State
       ID
      123       Jack      4689         Graz       Styria
      321      Sandy      5688       Wolfsberg   Carinthia
      459      Robert      459         Enns      Upper
                                                 Austria
Unstructured Data
• lack of structure
• About 85% of total data is un-structured.
Ex:
• e-mail messages,
• word processing documents,
• videos, photos, audio files, presentations,
• web pages
• other kinds of business documents.
Semi Structured
Data                             Sl   Name                 E-Mail
                                 No
 Also known as having a
 schema-less       or     self   1    Sam                  smj@xyz.com
 describing structure refers
 to a form of structured data    2    First Name : David   davidb@xyz.com
 that contains tags in order          Second Name :
 to separate elements and             Brown
 generate hierarchies of
 records and fields in the
 given table.
Elements of Big Data
• According to Gartner, data is growing at the rate of 59% every year.
 This growth can be depicted in terms of the following four Vs:
(i) Volume
(ii) Velocity
(iii) Variety
(iv) Veracity
                                                                                                  Video Box Position
                  Department of CSE, GIT   Course Code: EID449 Course Title: BIG DATA ANALYTICS
8 December 2022                                                                                                43
Volume
• Volume is the amount of data generated by organizations
  or individuals.
• At present, Volume of data – exabytes
• In coming years, Volume of data – zettabytes
• Organizations are doing their best to handle this ever-
  increasing volume of data.
Example :
- Every minute, over 571+ new websites are being created.
- Boeing 737 will generate 240 terabytes of flight data during
  a single flight across US.
Velocity
• Velocity describes the rate at which data is generated, captured and shared.
• Information processing systems face problem with the data, as the data which
  keeps adding up but cannot be processed quickly.
Example : eBay analyses around 5 million transactions per day in real time to detect
and prevent frauds arising from the use of PayPal.
Sources of high velocity data:
- IT devices, including routers,firewalls, switches etc generate valuable data
- Social media, including Facebook posts, tweets create huge amount of data, to be
  analyzed at fast speed as the value degrades quickly with the time.
Variety
• refers to structured, unstructured, and
  semi structured data that is gathered from
  multiple sources and comes in different
  formats, such as images, text, videos etc.
• While in the past, data could only be
  collected    from     spreadsheets       and
  databases, today data comes in an array of
  forms such as emails, PDFs, photos, videos,
  audios, SM posts, and so much more.
Veracity
• Refers to Uncertainty of data i.e., that is data which is
  available can sometimes get messy and quality and
  accuracy are difficult to control.
Example: Data in bulk could create confusion whereas less
amount of data could convey half or Incomplete Information.
In short, Simple 4V’s
Big Data Analytics
• Big Data analytics is a process used to extract meaningful
  insights, such as hidden patterns, unknown correlations,
  market trends, and customer preferences.
• Big Data analytics provides various advantages—it can be
  used for better decision making, preventing fraudulent
  activities, among other things.
• There are three main types of business/data analytics:
(a) Descriptive Analytics
(b) Diagnostics Analytics
(c) Predictive Analytics
(d) Prescriptive Analytics
  Big Data Analytics - Descriptive analytics –
      “What happened in the business”?
• Descriptive analytics analyses a database to provide
  information on the trends of past or current business
  events that can help managers, planners, leaders to
  develop a roadmap for the future actions.
• In short, Identifying the root cause of the problem and
  the underlying reason for failures.
Example: During the pandemic, a leading
pharmaceuticals company conducted data analysis on
its offices and research labs. Descriptive analytics
helped them identify unutilized spaces and departments
that were consolidated, saving the company millions of
dollars.
Big Data Analytics - Diagnostics
analytics
• Diagnostics analytics helps companies understand
  why a problem occurred. Big data technologies and
  tools allow users to mine and recover data that helps
  dissect an issue and prevent it from happening in the
  future.
Example: A clothing company’s sales have decreased
even though customers continue to add items to their
shopping carts. Diagnostics analytics helped to
understand that the payment page was not working
properly for a few weeks.
Big Data Analytics - Predictive analytics
– “What could happen”?
Understanding and predicting the future by using
statistical models and different forecast techniques.
Here, we use statistics, data mining techniques and
machine learning to analyze the future.
Example: In the manufacturing sector, companies
can use algorithms based on historical data to
predict if or when a piece of equipment will
malfunction or break down.
  Big Data Analytics - Prescriptive
 analytics – “What should we do”?
• Based on complex data from descriptive and
  predictive analyses, prescriptive analytics is
  used.
• By using the optimization technique, this
  analytics determines the finest substitute to
  minimize or maximize some equitable
  marketing and many other areas.
Example: If we have to find the best way of
shipping goods from a factory to a destination
to minimize costs, we will use the prescriptive
analytics.
Questions
• List the four elements of Big Data.
• As an HR manager of a company providing Big Data
  solutions to clients, what characteristics would you look for
  recruiting a potential candidate for a position of a data
  analyst?
• You are planning the marketing strategy for a new product
  in your company. Identify and list some limitations of
  structured data related to the work.
     Exploring the Use of Big Data in
            Business Context
Use of Big Data in Social Networking
Use of Big Data in preventing fraudulent activities
Use of Big Data in preventing fraudulent activities in Insurance Sector
Use of Big Data in Retail Industry
Exploring the Use of Big Data in Business Context
• An organization generally has to spend huge amounts to collect data
  and information.
• For example, customer surveys collecting information goes on
  escalating as an organization keeps on collecting more information.
  The continuously increasing cost decreases the value of the collected
  information.
• In other words, collecting and maintain a pool of data and
  information is just a waste of resources unless any logical conclusions
  and business insights can be derived from it.
• This is where Big data analytics come into the picture.
Use of Big Data in Social Networking
 Use of Big
Data in Social
 Networking
Use of Big Data in Social Networking
• Social network data refers to the data generated from people
  socializing on social media.
• Some popular social networking sites are Twitter, Facebook,LinkedIn
  etc
• On the social networking site, different people constantly add and
  update comments, status, likes, preference etc. All these activities
  generate large amounts of data.
• This data can be segregated on the basis of different age groups,
  locations and genders for the purpose of analysis.
Use of Big Data in
Social Networking
• Social Networking Analysis(SNA) – Analysis
  performed on the data from social media.
Example : Mobile Network Operator(MNO)
• The data captures by MNO in the form of
  phone calls, text messages and other
  record details of all its customers per day
  is very huge in volume.
• The company should study the data of
  people whom the customer called and
  also of the people who called back. Such a
  network is called Social Network.
Use of Big Data in
Social Networking
• The data analysis process can go
  deeper and deeper within the network
  to get a complete picture of a social
  network.
• As the analysis goes deeper, the
  volume of data to be analyzed also
  becomes massive.
• The same structure of SNA is followed
  when it comes to social networking
  sites.
Use of Big Data in Social
Networking
• Following are the areas in which decision-making
  processes are influenced by social network data:
(a) Business Intelligence
(b) Marketing
(c) Product design and development
Use of Big Data in Social Networking
– Business Intelligence(BI)
• Data analysis process to convert a raw dataset to
  meaningful information.
• Allows a company to collect, store, access and
  analyse the data for adding value to decision
  making.
• The data generated from different social media is
  analyzed using Social Customer Relationship
  Management(CRM) which is used to describe the
  data.
Use of Big Data in Social Networking
– Business Intelligence(BI)
Example:
• Mobile service provider that has a low-value customer.
• If the low-value customer is not satisfied with the services and
  if he wants to leave the company generally has no problems to
  let the customer go as he is providing low-revenue.
• With the help of SNA, the organization can identify some
  connections of the customers network make a large number of
  calls and text messaged and have a large network of friends.
• With such an analysis, the organization might take an
  altogether decision making and might start valuing the
  customer more – influence of a customer is very important to
  organization.
Use of Big Data in Social Networking – Marketing
• Today the customer preferences has changes due to their busy
  schedules – No time to read newspaper, TV commercials or go
  through marketing emails.
• Customers can now make their preferences clear and select the
  marketing messages they wish to receive.
• In today’s world, marketers aim to deliver what consumers want by
  using interactive communication across digital channels such as e-
  mail, mobile, social and the Web which inturn generates the social
  data.
Use of Big Data in Social Networking – Marketing
Product Design and Development
• By listening to customers needs, ny understanding where the gap in the offering is, and
  so on, organizations can make the right decisions in the direction of their product
  development and offerings.
Example : YouTube – Rate a brand on a scale of 1-10/ know a brand etc
• Once the brand rating crosses 300 or more, the applications sends out a report about the
  information what the customer is feeling about the product and the detailed analysis of
  the brand’s reputation.
• In this way, social network can help organizations to improve the product development
  by making sure about the customer needs.
• Sentiment analysis analyses human emotions, attitudes and views across popular social
  networks.
Product Design and Development
Use of Big Data in Fraudulent Activities
• Most common types of Financial frauds:
(a) Credit card fraud
(b) Exchange or return policy fraud – Amazon/Flipkart
(c) Personal information fraud –
Obtaining the login details of a customer, purchase a product online, and then
change the delivery address to different location. The actual customer keeps calling
to retailer to refund the amount as he has not made the transaction
Preventing Fraud using Big Data Analytics
Analyzing Big Data allows organizations to:
• Keep track of and process huge volumes of data.
• Differentiate between real and fraudulent entries.
• Identify new methods of fraud of fraud and add them to the list of
  fraud-prevention checks.
• Verify whether a product has actually been delivered to valid
  recipient
• Determine the location of the customer and the time when the
  product was actually delivered.
Use of Big Data in Detecting Fraudulent Activities
in Insurance Sector
• Insurance company wants to improve the ability to take decisions while
  processing claims.
• Decides to implement a Big Data analytical platform, which will use the data
  from social media to provide the real-time view of the case in hand.
• The information obtained will enable the insurance agent to diagnose the
  patterns of customer’s claim, behavior and other issues.
Example: In some cases, social media could also provide great triggers to identify
fraud – A customer might indicate that his car was destroyed in a flood, but the
documentation from the social media feed any show that the car was actually in
another city on the day flood occurred.
Fraud Detection
• Fraudulent claims were identified by insurance companies by using
  statistical models.
• Social Networking Analysis(SNA) is an innovative way to identify and
  detect frauds.
• SNA tool uses a mix of analytical methods which includes statistical
  methods, pattern analysis and link analysis to identify any kinds of
  relationships or patterns within large amounts of data collected from
  different sources.
• When link analysis is used in fraud detection, one looks for clusters of
  data and how these clusters are linked to other data clusters.
Fraud detection using SNA method
Social Customer Relationship
Management(CRM)
• Social CRM enables effective fraud detection in the insurance sector.
• Social CRM is a process, it is not a platform or technology.
• Makes critical for insurance companies to link social media sites to
  their CRM systems.
• If social media is integrated within an organization, it provides high
  transparency in various issues related to customer.
Social CRM Process
• Collects data from organization’s existing CRM and different social
  media platforms
• Reference data obtained from the social media platform and the data
  stored in CR, are loaded into claim management system, which
  compares and analyses the data and provides results.
• The response received from claim management system is then
  investigated.
Use of Big Data in Retail Industry
• Big data has huge potential for the retail industry by considering the immense
  number of transactions and their correlation.
• A single retail location has a small customer database and it is easy to answer the
  simple questions like :
(a) How many basic tees did we sell today?
(b) What time of the year do we sell most leggings?
(c) What else has customer bought ,and what kind of coupons can we sent to the
    customer?
• However, with millions of transactions spread across at multiple locations, it is
  impossible to find answers to such questions.
Use of Big Data in Retail Industry
Use of Big Data in Detecting Fraudulent
Activities in Retail Sector
Retail fraud:
It is an illegal transaction that a fraudster performs using stolen credit
card details or loopholes in the order placement and payment systems
and company policies. As technology grew, so did the fraudsters'
sophistication of executing frauds online.
Types of Retail fraud:
(a) Transaction fraud
(b) Return fraud
(c) Chargeback guarantee fraud
Types of Retail fraud
• Transaction fraud
It is also called card-not-present (CNP) fraud where the fraudster uses a stolen credit card
for online purchases. The company loses money when the original owner of the card
demands a chargeback.
• Return fraud
Example - e-commerce industry
• Chargeback guarantee fraud
Many online retail fraud prevention solutions guarantee that they will block all transactions
and friendly frauds and even pay the admin fee out of their pocket. The problem arises
when the company blocks even legitimate customers. This is called a false positive that not
only damages your reputation but also results in loss of revenue.
Use of Big Data in Detecting Fraudulent Activities
in Retail Sector -Fraud Detection in Real time
• Big Data helps to detect frauds in real time.
Example :
(a) In an online transaction, BigData would compare the incoming IP address with
    the geotag received from customer’s smartphone apps. A valid match between
    the two confirms the authenticity of transaction.
(b) Also, examines the entire historical data to track suspicious patterns of the
    customer order –
Big Data analysis is performed in real time by retailers to know the actual time of
the product delivered.
Costly products of have sensors attached to transmit their location
information,thereby, preventing frauds.
Questions
• Discuss some areas in which decision-making processes are
  influenced by social network data.
• List some common types of financial frauds prevalent in the current
  business scenario.
• In what ways does analyzing Big Data help organizations prevent
  fraud?
• List some methods used for verification of credit cards.
• List the steps that SNA follows to detect fraud.
• What is Social Customer Relationship Management(CRM)