Big Data Glossary
What is Big Data?
Definition of Big Data
What is Big Data?
Big data refers to the large and complex sets of data that organizations need to process and analyze. It is characterized by its volume, variety, and velocity. Volume refers to the sheer amount of data that organizations need to process and store. This can include things like social media activity, sensor data, and financial transactions. Variety refers to the different types of data that organizations need to process and analyze. This can include structured data, such as relational databases, and unstructured data, such as text, images, and videos. Velocity refers to the speed at which data is generated and needs to be processed. This can include real-time data streams, such as sensor data and social media activity, and batch data, such as financial transactions. Big data is generated by various sources, and it can be used to gain insights and make predictions in various fields such as healthcare, finance, manufacturing, retail, and transportation.
To analyze big data, various techniques and technologies are used such as Hadoop, Spark, and NoSQL databases. Big data can be challenging to work with due to its size, complexity and the need for specialized tools and infrastructure. However, organizations that can effectively harness big data can gain valuable insights, improve decision-making, and gain a competitive advantage.
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