Big Data refers to large and complex datasets that traditional data processing methods cannot handle efficiently. These datasets are characterised by their volume, velocity, variety, and veracity:
- Volume: The amount of data generated and stored. Big data involves huge volumes of data.
- Velocity: The speed at which data is generated and processed. Big data is often generated in real-time.
- Variety: The different types of data, including structured, semi-structured, and unstructured data.
- Veracity: The uncertainty or trustworthiness of the data.
Big Data analytics involves examining these large datasets to uncover patterns, correlations, and insights that can inform business decisions, improve operations, and create new opportunities.
