What Is Big Data? Big data is the collection and analysis of information from various sources. It has two types: structured and unstructured. Structured data includes SQL databases, while unstructured data includes document files and raw streaming data from sensors. The industry describes big data in three major Vs:
- Volume: A business can have multiple sources for its data. Technologies today have allowed business to store more data than has ever been possible.
- Velocity: In reality, data is coming in at breakneck speed — and in real-time, or as close to real-time as possible. Velocity also describes how fast data is processed and analyzed.
- Variety: In addition to the amount and speed of data that goes into your system, it also comes in different formats. From business sale records to database information, it’s all big data.
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