Reporting from big data keynote speakers and IT futurists suggests that the term refers to extremely large and complex datasets that traditional data processing applications cannot adequately deal with. But how would you know, let alone recognize, the idea in practice if you were to see it in the real world? That’s easier said than done, or so one supposes. Serving as working big data keynote speakers and IT futurists, our team put together a quick guide to characteristics of the concept, such as:
- Volume – Big data has massive amounts of data being generated continuously. The size of the information sometimes impacts value and potential insights.
- Velocity – The speed at which big data is generated and processed is very fast, often in real-time. It can bring new opportunities for analyzing streaming info, per today’s best-known big data keynote speakers and IT futurists.
- Variety – It draws from a wide range of sources and comes in many formats – from structured numeric data to unstructured text, images, video, etc.
- Veracity – With big data, quality and accuracy isn’t always clear. Factors like noise, abnormality and uncertainty require special analytical techniques.
- Complexity – Mountains of info produced here are challenging to process using traditional data management and processing tools due to scale and complexity. Advanced analytics and technology is often required.
Asking big data keynote speakers and IT futurists, you’d often find that the core benefit of such sizable info is that it allows for deeper analysis to uncover insights like customer preferences, market trends, correlations, and patterns for more informed business decisions. Companies leverage analytics using dedicated infrastructure like Hadoop and Spark.
Another way to think about it is that big data represents voluminous, fast-moving, variable and sometimes inconsistent datasets from diverse sources that can offer valuable business intelligence if harnessed using the right tools and techniques. And that’s often where your favorite big data keynote speakers come in – to help translate theory here into practical and actionable business strategy and advice.