Article / Updated 03-26-2016
Big data is not a single technology but a combination of old and new technologies that helps companies gain actionable insight. Therefore, big data is the capability to manage a huge volume of disparate data, at the right speed, and within the right time frame to allow real-time analysis and reaction. Big data is typically broken down by three characteristics:
Volume: How much data
Velocity: How fast that data is processed
Variety: The various types of data
Although it’s convenient to simplify big data into the three Vs, it can be misleading and overly simplistic.