What is big data?
Large enterprises are congregating electronic data from assorted sensors, and electronic devices, which are of different formats, with the use of independent or connected applications. This data inflow has outpaced the firm’s efficacy to process, analyze, store, correlate and understand the captured datasets. This new voluminous dataflow which doesn’t fit into the ambit of decorous data processing techniques has been nicknamed as big data. It has carved itself with a home in this dynamic and expanding information ecosystem that many companies struggle to manage today. Mckinsey Global institute ascribes “Big data” to datasets whose size is above the dexterity of archetypal database software tools to capture, store, manage, and analyze.
