BIG DATA OFFERINGS
Big data is a popular term used to describe structured and unstructured data sets so large or complex that traditional data processing applications are inadequate. • Big data is important to business for more accurate analysis. • More accurate analyses may lead to more confident decision making. And better decisions can mean greater operational efficiencies, cost reductions and reduced risk.
BIG DATA’S THREE VS
- Volume
- Velocity
- Variety
The quantity of data generation. Many factors contribute to the increase in data volume. Historical transactional data stored for many years. Unstructured huge data feed from server logs, alerts, social media.
The speed at which the data is generated and processed to meet the demands and the challenges. Alerts from transactions, capturing user and customer activities at system can generate data at lightning speed. Reacting quickly enough to deal with data velocity is a challenge for most organizations.
The type of data content. Data today comes in all types of formats. Structured data from traditional databases. Unstructured data from text documents, email, video, audio, server logs, alerts etc. Managing, merging and governing different varieties of data is tedious and complex job.