Characteristics of big data analysis
8 . What are the Characteristics of big data analysis (including visualisations)? 5 Characteristics of Big Data + Visualisation: Volume If we see big data as a pyramid, volume is the base. The volume of data that companies manage skyrocketed around 2012, when they began collecting more than three million pieces of data every data. “Since then, this volume doubles about every 40 months,” Velocity In addition to managing data, companies need that information to flow quickly – as close to real-time as possible. So much so that the MetLife executive stressed that: “Velocity can be more important than volume because it can give us a bigger competitive advantage. Sometimes it’s better to have limited data in real time than lots of data at a low speed.” Variety The third V of big data is variety. A company can obtain data from many different sources: from in-house devices to smartphone GPS technology or what people are saying on social networks. The importance of these sources of