Economic Dynamics The advent of the digital age has irrevocably altered the landscape of global economics. Technological...
Big Data
Big Data refers to extremely large datasets that are difficult to process using traditional data processing applications. These datasets are characterized by their volume, velocity, and variety.
- Volume: The sheer amount of data generated is massive.
- Velocity: Data is generated and processed at a rapid pace.
- Variety: Data comes in various formats, including structured, unstructured, and semi-structured.
Big Data requires specialized tools and techniques to extract valuable insights and make informed decisions.