What is Big Data?
Big Data can be defined as «The set of techniques and technologies for data processing, in high volume environments, variety of origins and in which the response speed is critical.» Although this definition seems a bit difficult, here we explain more about this fashionable concept.
To identify cases in which Big Data can be used, the one known as “the V’s rule” is used. These V’s refer to the terms “Volume”, “Speed”, “Veracity” and “Variety” and we define them as follows:
Volume: A large amount of data is processed.
Speed: Generation, creation, data production.
Truthfulness: Confidence that the data is true.
Variety: Number of different sources from which the data to be analyzed comes.
Big Data in global projects
Big Data already has a great impact on society, but it is increasing. Thanks to Big Data, companies collect huge amounts of data that help them prosper their businesses and also to create new businesses. These are some of the utilities that are given to such data: