What is Big Data? It involves handling large amounts of data, on a very large scale, that exceed the capabilities of conventional software and are captured, processed and stored according to this large feature. Big Data encompasses infrastructures, technologies and services where large amounts of different types of information are handled. Moreover, it is something very necessary in our world today because it is thought that over the years the data will continue to multiply, as a result of what is known as the digital revolution.
The five Big Data Vs were established to help define what this is about.
Big, or big in English, does not define a specific size of data. Rather, it refers to data that has grown so much that its storage, process and exploitation began to be a challenge for a given organization.
It is another characteristic of Big Data and is related to the rate at which the data is generated, which is usually constant and requires attention in real time.
It is one of the most important challenges of Big Data because most of this information is varied. It can consist of simple texts, images, videos, spreadsheets, and entire databases.
Another very relevant aspect when it comes to Big Data is that the data must be reliable and truthful. If a large amount of data is mined for errors, it can be highly damaging, especially in decision-making that depends on it.
Finally, Big Data must be an added value for the companies that handle this information.
Types of Big Data
The data can be classified into two categories, the first is according to its origin:
They are also classified according to their structure:
What is Big Data for in companies?
Big Data is extremely useful for companies that handle a high volume of data, such as Amazon, Netflix and Spotify, to name a few organizations known around the world. Among some of the advantages that we can name is that of being able to obtain a better performance of business finances if Big Data is well managed.
In addition, you may be more likely to make better decisions than your competition and faster by being able to evaluate the information you have stored and make decisions based on it. The probability of executing decisions increases because you have an order in the face of chaos that can become a large database of information without form or order. Additionally, decisions made with databases are usually better and more reliable.
Big Data benefits
In addition to some of the things we mentioned earlier, Big Data has other huge benefits that businesses can take advantage of. These are:
4. Many of the Big Data management applications available are Open Source, that is, their code is open and available so that any developer who wants to can access it.
5. You will be able to generate more income through cost savings, acquiring new clients and retaining existing ones. Correct data handling helps, for example, advance scientific research and gain a clear competitive advantage in the market.
Are you ready to enter the world of Big Data? The Cloud Group is your ally in this process and in much more than your business and digital brand needs. We hope that this article has been to your liking and, if so, share it and comment!