Volume of information
Posted: Tue Jan 07, 2025 4:38 am
To convert all the volume of data that companies store and will continue to store into valuable knowledge with which to make more precise and unprecedented predictions , the 5 Vs of Big Data, as we have just discussed, are essential.
Volume, speed, variety, veracity and value are the concepts that describe these 5 Vs and that we will detail below:
Until relatively recently, data was obtained manually without the aid of technology to facilitate the work. Imagine if you now had to extract all the information generated by your business manually. It would be a totally tedious and time-consuming task, and it would not be done accurately.
But now, thanks to Big Data, this data can iceland whatsapp resource be extracted, stored and classified automatically and appropriately. And this characteristic refers to the amount of data that is generated every second, collected and stored in databases, to then be analyzed and transformed into strategies and actions . The greater the amount of information analyzed and contrasted, the more objective the result will be .
Speed
Velocity refers to the speed at which information is created, stored and processed in real time. As you know, data is generated at a very fast rate and much of it becomes obsolete in a matter of seconds, losing its value when new data appears.
Therefore, it is vitally important that this process is carried out as quickly as possible, which is why it is a challenge for organizations to store information quickly so that the data does not lose value and can be classified as useful or not.
Variety of data
Volume, speed, variety, veracity and value are the concepts that describe these 5 Vs and that we will detail below:
Until relatively recently, data was obtained manually without the aid of technology to facilitate the work. Imagine if you now had to extract all the information generated by your business manually. It would be a totally tedious and time-consuming task, and it would not be done accurately.
But now, thanks to Big Data, this data can iceland whatsapp resource be extracted, stored and classified automatically and appropriately. And this characteristic refers to the amount of data that is generated every second, collected and stored in databases, to then be analyzed and transformed into strategies and actions . The greater the amount of information analyzed and contrasted, the more objective the result will be .
Speed
Velocity refers to the speed at which information is created, stored and processed in real time. As you know, data is generated at a very fast rate and much of it becomes obsolete in a matter of seconds, losing its value when new data appears.
Therefore, it is vitally important that this process is carried out as quickly as possible, which is why it is a challenge for organizations to store information quickly so that the data does not lose value and can be classified as useful or not.
Variety of data