Big Data

Big Data is the term for a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications. The challenges include capture, curation, storage, search, sharing, transfer, analysis, and visualisation.

Big data makes it more important than ever to understand the difference between statistical significance and practical significance.

Big data is enhancing both existing businesses and empowering the formation of startups that otherwise couldn't provide their analytics-driven services. Far from being old news, today's big data adoption is only the beginning of new ways of doing business and entire new business models.