Big Data Professionals
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includes both; receiving of data and the action performed on the data. How fast the data is generated and processed determines the actual potential of the data.

Also, the stream of generated data is unprecedented and massive.

So, velocity in Big Data deals with how quickly the data flows in and from what sources. The data inflow is continuous and voluminous as it comes from a number of sources- Business transactions, social media sites, application logs and other networks.

Processing and functioning with this unprecedented data stream will determine the real potential of the data. That is why velocity is crucial to Big Data.

3. Variety

Nowadays, when it comes to data, we are not just limited to plain text data or structured data in the form of databases. Data means different types of data — structured, unstructured, numeric, audio, video, pdf, financial transactions and ticker data. All these different types of data require different preprocessing and correct handling to derive context out of it.

Also, a variety of data means different ways to mine, store and analyze each type of data. As applications have evolved to large volumes of users, agile processing is required and traditional databases are not enough to generate business value.

Thus, variety is included in the three V’s of Big Data characteristics.

Endnote:

Big Data analysis has a definite business value. Incorporating it into your business has five major advantages-

Cost reduction

Exponential growth

Smart decision making

Optimized offerings

Reduced product development time

Nowadays, more and more businesses are using Big Data to outperform their competition and analyze data. So, don’t wait any longer to exploit this excellent business opportunity. It will cost your business a lot in terms of time, money and resources.

Moreover, Big Data development will open up new opportunities for your business and help you get a better perspective of consumer preferences. Combining Big Data with high powered analytics will help your business in accomplishing complex tasks smoothly and without any hassle.
Big Data Professionals pinned «Introduction The field of big data is quite vast and it can be a very daunting task for anyone who starts learning big data & its related technologies. The big data technologies are numerous and it can be overwhelming to decide from where to begin. This…»