Industries of the likes of Banking, Telecom, Retail, Manufacturing or Energy & Utilities are looking at Big Data as a lever to transform their core business – and create significant revenue opportunities and breakthroughs.
The Data Explosion in the Services industry is Transformational – and can unlock answers to critical business needs and opportunities and their is where Big Data needs to looked beyond 3V's
Big Data Information Attributes have now two more New V's added to the list of exiting 3V's
1. Volume (Big Data)
2. Velocity (Low latency, Stream)
3. Variety (Social, Unstructured)
4. Veracity (Trust, Predictability)
5. Value (RoI)
The Data Explosion in the Services industry is Transformational – and can unlock answers to critical business needs and opportunities and their is where Big Data needs to looked beyond 3V's
Big Data Information Attributes have now two more New V's added to the list of exiting 3V's
1. Volume (Big Data)
2. Velocity (Low latency, Stream)
3. Variety (Social, Unstructured)
4. Veracity (Trust, Predictability)
5. Value (RoI)
It is the 4th and 5th V- Organization need to take into consideration while building the Business Case for embarking on Big Data Lake Journey. The 4th V- refers directly to Enterprise Data/Information Management which includes the Master Data Management, Data Quality and Information Governance. Time to rethink our Big Data Strategy or Digital Strategy for all our Customers/Clients.
