The value of Data allows to gather and process data in real time which helps to analyse them to adapt rapidly to gain a competitive advantage. This helps to guide businesses for example with getting ready to plan, produce and launch new products, features and updates.
Big data is large and varied collections of data. That cannot be managed by traditional systems. It’s studied to reveal patterns, trends and associations. It was created by Roger Douglas in 2005. The data is so large and complex in its volume, velocity and variety that normal data management/storage systems can’t store, process or analyse due to the mass size of the dataset.
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