Big Data refers to large and complex sets of data that cannot be easily managed, processed, or analysed using traditional data processing methods. It typically involves datasets with sizes ranging from terabytes to petabytes or even larger.
The term “Big Data” encompasses three main characteristics, often referred to as the three V’s:
Big Data refers to datasets too large to be stored, processed, and analysed using traditional methods. It involves collecting and working with massive amounts of data from various sources such as social media, sensors, transaction records, and more.
Big Data is generated at an unprecedented speed. With the advent of the internet, social media, and connected devices, data is being generated continuously and rapidly. Real-time or near real-time processing is often required to extract meaningful insights from such data.
Big Data is diverse and comes in various formats. It includes structured data (e.g., relational databases), semi-structured data (e.g., XML, JSON), and unstructured data (e.g., text, images, videos). Analysing and extracting insights from these data types requires specialised tools and techniques.
Big Data is valuable because it can provide businesses with insights, patterns, and trends previously difficult or impossible to identify. Businesses can make data-driven decisions, optimise processes, improve customer experiences, and gain a competitive advantage by analysing large volumes of data.
To work with Big Data – businesses typically employ technologies and tools such as distributed file systems (e.g., Hadoop), distributed processing frameworks (e.g., Apache Spark), NoSQL databases, data lakes, data warehouses, and advanced analytics techniques like machine learning and artificial intelligence.
It’s important to note that the definition and understanding of Big Data have evolved as the scale of data continues to grow and new technologies and methodologies emerge to handle it.
Date: July 24, 2023