Big Data refers to the massive volumes of structured and unstructured data generated every second, which traditional data processing tools cannot efficiently manage. It encompasses everything from social media interactions to sensor data.
The three V’s that define big data are:
- Volume: The sheer amount of data generated, often in terabytes or petabytes.
- Velocity: The speed at which data is created and processed, requiring real-time analysis.
- Variety: The different types of data, including text, images, video, and more, coming from various sources.
These characteristics highlight the challenges and opportunities that big data presents in analytics and decision-making.
