Big Data - Definition

Big data is a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools. The challenges include capture, storage, search, sharing, analysis, and visualization. The trend to larger data sets is due to the additional information derivable from analysis of a single large set of related data, as compared to separate smaller sets with the same total amount of data, allowing correlations to be found to "spot business trends, determine quality of research, prevent diseases, link legal citations, combat crime, and determine real-time roadway traffic conditions. (Wikipedia)

Put another way, big data is the realization of greater business intelligence by storing, processing, and analyzing data that was previously ignored due to the limitations of traditional data management technologies

Who is Generating Big Data

Sources of big data- banking, communications, consumer products

Sources of big data- healthcare, media and entertainment, travel and transport

Sources of big data-social media,mobile devices,sensor technology and networks

The progress and innovation is no longer hindered by the ability to collect data

But, by the ability to manage, analyze, summarize, visualize, and discover knowledge from the collected data in a timely manner and in a scalable fashion

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