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What is Big Data?

“Big data is an all-encompassing term for any collection of data sets so large or complex that it becomes difficult to process them using traditional data-processing applications.” Source: Wikipedia

Teradata take: What is big data? Big data is often described in terms of several “V’s” – volume, variety, velocity, variability, veracity – which speak collectively to the complexity and difficulty in collecting, storing, managing, analyzing and otherwise putting big data to work in creating the most important “V” of all – value.