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BigData has such a vast size that it exceeds the capacity of traditional data management technologies; it requires the use of new or exotic technologies simply to manage the volume alone.
Big Data is a relatively new concept. As with any new adoption, the Big Data depends on the tangible benefits it provides to Business. Large data sets which are taken as information overload are invariably treasure troves for those business insights.
The volume of data sets has been immersed value that can improved in the business forecast, help in decision making, deciding business strategies over the all competitors.
Data Vectors:
• Volume
• Variety
• Velocity
• Visibility
• Value
Companies in every sector are making efforts to trade gut-feeling for accurate data-driven insight to achieve effective business decision making. No matter the issue to be decided – anticipated sales volumes, customer product preferences, optimized work schedules – it is data that now has the power to help businesses succeed.
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