Big Data

Big Data

1. refers to large amounts of data that have the potential to be mined for information

2. 3v's

   • Volume
     • Refers to the amount of data stored by an organisation
     • Organisations now store large amounts of data from different sources, requiring large storage capacity hardware
     • Data storage is now measured in terabytes
   • Variety
     • Refers to the different types and varieties of data
     • Data is now stored in many formats e.g. video and image not just text
     • Data can be structured, semi-structured or unstructured
   • Velocity
     • Refers to the speed at which data can be processed
     • Due to large volumes of data, there is a need to use more powerful computers to process the data more quickly