5Vs of Big Data

Big data refers to data collected from many sources. The following are the 5 major characteristics of Big Data.

Volume: The vast amount of data generated and collected by companies

Velocity: The speed at which data is received, stored, and processed

Variety: The diverse types of data – structured, unstructured, and semi-structured that is effectively managed

Veracity: The trustworthiness and accuracy of the data

Value: The actionable insights and benefits derived from the data

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