Big data applications are vital for storing and processing large amounts of data. Depending on the type of organisation, big data sets can be used to better understand customer needs and preferences.
Hadoop is one of the applications for big data analysis, which is quite popular for its storage system that is Hadoop distributed file system (HDFS). It is a Java-based open source framework which stores big datasets in its distributed file system and processes them using MapReduce programming model.
Predictive modeling is a data driven, induction based modeling that is continuously used by big sized companies to gain useful insights into trends and risks budding in the future. The modelling on the basis of data extraction, cleansing and analysis helps in predicting the value of a target variable (Fortuny, Martens, & Provost, 2013).
Group lending is one of the innovative tools used to mitigate credit risk. The outstanding feature of group lending is that no collateral is required to lend loans but the group is responsible for the payback of the loan (EY 2014).
With increasing use of big data applications in various industries, Hadoop has gained popularity over the last decade in data analysis. It is an open-source framework which provides distributed file system for big data sets.
Big data has been a buzzword in the computing era for over a decade now. It is a term used for large and complex data sets which is difficult to be processed and analysed by traditional data processing software.
The real estate market has been undergoing changes due to recent policies of the government and other initiatives. The move of demonetisation which involved currency ban was initiated by the current Government.