Notesale: Turn your study into money

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Characteristics of Big Data(4 Vs)
Volume
Big data implies enormous volumes of data
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Variety
It refers to the many sources and types of data both structured
and unstructured
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Now data comes in the form of
emails, photos, videos, monitoring devices, PDFs, audio, etc
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Velocity
It deals with the pace at which data flows in from sources like
business processes, machines, networks and human interaction
with things like social media sites, mobile devices, etc
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This real-time data can help
researchers and businesses make valuable decisions that
provide strategic competitive advantages and ROI if you are
able to handle the velocity
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Is the data
that is being stored and mined meaningful to the problem
being analyzed
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Clearly valid data is key to
making the right decisions
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In this world of real time data, you need to determine at
what point is data no longer relevant to the current analysis
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It simply compiles it into

useful formats
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Data mining can be undertaken by a single specialist with
excellent technological skills
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At this stage,
a larger team simply isn’t required
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However, when it comes to data analytics, a team of specialists
may be needed
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They may use machine learning
to help with the processing, but this still has a human element
involved
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g
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g
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g
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, whereas these visualizations /are the
bread and butter of data analysis
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