Define Big Data


1. Define Big Data  




Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It’s what organizations do with the data that matters. Big data can be analysed for insights that lead to better decisions and strategic business moves.

 

The three Vs of big data:

 

Volume:

The amount of big data, and sometimes big companies don’t even know the amount of data produced on a daily basis.

 

Velocity:

Velocity is the fast rate at which data is received and acted on.

 

Variety:

Variety refers to the many types of data that are available.

 

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Reference:

https://www.oracle.com/uk/big-data/what-is-big-data/


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