Opinion
What is Big Data and why is it important? #
Big Data is the latest industry buzzword to describe large volumes of structured and unstructured data that can be difficult to process and analyse but could potentially be used by organisations to improve their efficiency and make more informed decisions.
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Matt Mills, Head of IT[/caption]
Big Data is the latest industry buzzword to describe large volumes of structured and unstructured data that can be difficult to process and analyse but could potentially be used by organisations to improve their efficiency and make more informed decisions.
That leads us to the next question - what is structured and unstructured data? Structured data is more easily organised into a database, it generally fits neatly into set fields. Unstructured data however is information that is not organised or easily interpreted by traditional data models and processes. It’s usually text heavy or uses a variety of formats (e.g. images, text, video) and is much harder to analyse.
Gartner describes Big Data as “high volume, high velocity, and/or high variety information assets that require new forms of processing to enable enhanced decision making, insight discovery and process optimization”.
Matt Mills, Head of IT[/caption]
Big Data is the latest industry buzzword to describe large volumes of structured and unstructured data that can be difficult to process and analyse but could potentially be used by organisations to improve their efficiency and make more informed decisions.
That leads us to the next question - what is structured and unstructured data? Structured data is more easily organised into a database, it generally fits neatly into set fields. Unstructured data however is information that is not organised or easily interpreted by traditional data models and processes. It’s usually text heavy or uses a variety of formats (e.g. images, text, video) and is much harder to analyse.
Gartner describes Big Data as “high volume, high velocity, and/or high variety information assets that require new forms of processing to enable enhanced decision making, insight discovery and process optimization”.
- Wikipedia: Big Data
- Volume: Big Data doesn't sample. It just observes and tracks what happens, creating huge volumes of data
- Velocity: Big Data is often available in real-time
- Variety: Big Data draws from text, images, audio, video; plus it completes missing pieces through data fusion
- Econsultancy.com: 10 actual uses of big data
- LloydsBankingGroupDigital.com: Setting up a world class digital analytics function
- Information-Age.com: Top 8 trends for big data in 2016
- Fortune.com: 7 Enterprise IT trends to watch in 2016
- Entanet Opinion: Are we approaching the zettabyte era?
- Entanet Opinion: What is quad play for the business market?
- Entanet Opinion: The Internet of Things... the opportunities are endless!
- Forbes.com: What is Big Data?
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