Big data - 361online

Big Data for Beginners

Big Data means a large chunk of raw data that is collected, stored and analyzed through various means which can be utilized by organizations to increase their efficiency and take better decisions. Big Data can be in both - structured and unstructured forms. Structured Data is more easily analyzed and organized into the database. Unstructured Data, on the other hand, is much harder to analyze and uses a variety of formats. Also, it is not easily interpreted by traditional data models and processes.

The concept of Big Data is nothing new. In fact, more and more companies, both large and small, are using big data and related analysis approaches as a way to gain more information to better support their company and serve their customers, benefitting from the advantages of big data.

3 Vs of Big Data :  

Big Data is the combination of these three factors; High-volume, High-Velocity and High-Variety.

Volume

Big Data observes and tracks what happens from various sources which include business transactions, social media and information from machine-to-machine or sensor data. This creates large volumes of data.

Velocity

The data streams in high speed and must be dealt with timely. The processing of data that is, analysis of streamed data to produce near or real time results is also fast.

Variety

Data comes in all formats that may be structured, numeric in the traditional database or the unstructured text documents, video, audio, email, stock ticker data.