Market Dynamics and Technical Change
Big data refers to extremely large and complex datasets that traditional data processing software cannot adequately manage. These datasets are characterized by their volume, variety, and velocity, and they hold the potential to provide valuable insights through advanced analytics and machine learning techniques. Big data is increasingly essential for modern businesses and organizations as they seek to leverage vast amounts of information generated from various sources, including social media, IoT devices, and transactional systems.
congrats on reading the definition of big data. now let's actually learn it.