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Big Data In Modern Industry

Big Data In Modern Industry

Submitted by • November 4, 2016 imarticus.org

Big Data is defined as data that is too large and too complex for data tools to for data tools to capture, store and analyze. Experts in the data science industry, identify data with the three V’s which are, volume, variety and velocity. For instance, the amount of shares traded on the stock market in the US amount to about 7 billion, the number of tweets on twitter daily amounts to 400 million, the number of likes generated by Facebook on a daily basis is about 3 billion and about 10 terabytes of data is generated in one flight from NY to London; all of these come under the purview of Big Data. Studies and research have stated that in the last two years about 90% of the world’s data has been generated

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