Big Data

Big data refers to extremely large and complex data sets that cannot be effectively processed or analyzed using traditional data processing tools or techniques. The term “big” does not necessarily refer to the physical size of the data, but rather to its complexity and the challenges involved in managing, analyzing, and interpreting it.

Big data is characterized by three key factors, often referred to as the “three V’s”: volume, velocity, and variety. Volume refers to the vast amount of data that is generated and collected every day, including data from social media, online transactions, sensor networks, and more. Velocity refers to the speed at which data is generated and must be processed, often in real-time. Variety refers to the diversity of data types and formats, which can include structured data (such as spreadsheets), unstructured data (such as social media posts), and semi-structured data (such as XML files).

Big data often comes from various sources including social media, digital devices, business transactions, and machine sensors. These data sets can contain a wide range of information, including structured and unstructured data, such as text, images, and video.

Big data is typically processed using specialized technologies and tools such as Hadoop, Apache Spark, and NoSQL databases. These technologies enable businesses and organizations to extract valuable insights from large data sets, including identifying patterns and trends, making predictions, and improving decision-making.

Related Resources

Blog

Aug 2021

2 Min Read

Manage it right with Contract Lifecycle Management Software

Read story

Blog

Mar 2021

3 Min Read

Data, BI-Analytics and Intelligent Automation – Redefining the global banking and fin-tech industry

Read story