big_data ~ validate_existing_model+innovate_new_statistics_n_functions
When it comes to Big Data Analytics, we must exercise caution in selecting the statistics we use. It is worth keeping in mind that the creation of many statistical models and mathematical functions predates the emergence of Big Data. Thus, not all models or functions may be equipped to address big data challenges, especially when dealing with billions of entities exhibiting weak correlation and widespread variability. To maximize the potential of big data, our focus should be on implementing novel approaches for model validation, followed by adjustments to existing statistical models or mathematical functions, and the creation of new models and functions.