When we think about data, we might imagine numbers spread across a spreadsheet that represent or mean something complex. That’s what data is, right? Despite its straightforward definition, four factors must be considered before data is processed, administered and used. The factors are popularly known as the 4 V’s of Big Data, and today’s organizations can learn a lot about what each factor means for their business.
What are the Four V’s of Big Data?
- Volume – The amount of data
- Velocity – The speed of data analysis
- Variety – The diversity of data
- Veracity – The accuracy and reliability of data