What does the term "big data" refer to in the context of data analytics? 🔊
The term "big data" refers to the large volume of structured and unstructured data that organizations generate and collect. In the context of data analytics, big data encompasses the use of advanced tools and techniques to analyze vast datasets for valuable insights. This analysis can uncover patterns, trends, and associations within the data, informing business decisions and strategies. Big data is characterized by the three Vs: volume, velocity, and variety, influencing how organizations approach data management.
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