Big Data: Big Data refers to the large and complex sets of data that cannot be processed using traditional data processing methods. It includes both structured and unstructured data from various sources such as social media, sensors, and machines.
Understanding the Basics: Big Data is characterized by the three Vs: Volume, Velocity, and Variety. Volume refers to the large amount of data, Velocity refers to the speed at which data is generated and processed, and Variety refers to the different types of data.
Benefits: Big Data has numerous benefits, including improved decision-making, better customer insights, and increased operational efficiency. It can also help organizations identify new revenue streams and improve their products and services.
« Back to Glossary Index