The value of big data isn’t in the amount of data it can process, but in the insight that big data analytics can yield. Big data has value because it can assimilate vast amounts of different types of data. The three V’s – volume, velocity, variety – are w
hat give big data its value, and what powers these three V’s is more and better data.
Source: im-techsolutions.com
Analytics is all about looking for patterns in data that give you actionable insights.
Great to see others catching on to Gartner’s “3Vs” of Big Data, albeit 15 years after we/I first posited them. (Ref: http://goo.gl/wH3qG) Of course the professional courtesy of attribution is always appreciated. –Doug Laney, VP Research, Gartner, @doug_laney
Sometimes, actually most of the time… what is old is new. When it comes to what I do, mostly teaching students and young professionals about analytics… its all new, even something 15 years old.