Big data is a combination of structured, semi structured and unstructured data collected by organizations that can be mined for information and used in machine learning projects, predictive modelling and other advanced analytics applications.
Systems that process and store big data have become a common component of data management architectures in organizations, combined with tools that support big data analytics uses. Big data is often characterized by the three V’s:
- the large volume of data in many environments;
- the wide variety of data types frequently stored in big data systems; and
- the velocity at which much of the data is generated, collected and processed.
Big data is a great quantity of diverse information that arrives in increasing volumes and with ever-higher velocity.
Big data can be structured (often numeric, easily formatted and stored) or unstructured (more free-form, less quantifiable).
Nearly every department in a company can utilize findings from big data analysis but handling its clutter and noise can pose problems.