Big Data Fundamental Concepts

Business + Tech Solution, Tech Tips + Tricks, Technology
The illustration of big data that derived from various internet-connected devices to create information for user.

Big data is the umbrella term that describes the method of data processing. This process requires modern strategies and technologies to collect, organize, and gather insights from large datasets. The struggle of working with massive-size records is not a new thing. Especially the inability of the computing and storage system of a single computer to process the material. But the value and proportion of this type of computing keep on becoming popular and greatly expanding in recent years.

Get To Know

There is no precisely correct definition of big data since the applications vary between projects and business professionals. But generally speaking, the term defines large datasets or the category of computing strategies and technologies used to handle large datasets.

A large dataset itself means a dataset that is too large to process or store information with conventional tools or on a single computer. It also implies that the size of the data may alter depending on the organization and the instruments used.

The Systems May Vary

The basic qualifications needed to work with big data are the same as qualifications to work with regular-size datasets. Nevertheless, new challenges may constantly occur when designing solutions due to some aspects. Data characteristics, massive data size, and the speed needed maybe some of them. The purpose of this system is to present insights and correlations of huge quantities of diverse information that would be impossible if using the traditional method.

Gartner’s Doug Laney introduced the Three V’s to describe some of the characteristics that make big data different from other data processing. The characteristics are Volume, Velocity, and Variety. But many individuals and organizations suggested expanding the original three Vs with additional features such as Veracity, Variability, and Value.

Why Is Big Data Important?

The importance of big data is not only about how much material you have but what you do with it. In general, the collection of data is used to make analysis. The most common analysis made of this system includes cost reductions, time reductions, new product development, and decisions making. You also can accomplish business-related tasks such as determining root causes, generating coupons, or recalculating risks. To accomplish these tasks, you need to combine big data with high-powered analytics.

Though this system of massive-size data is not perfectly-matched with all computing types, many companies and organizations start adapting big data processes for some specific workloads. The system supports difficult-to-detect patterns and provides valuable insights.

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