Big Data: Risks and possibilities
Firms need to manage the quality of their data by investing in tools and practices that can be scalable.
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'BIG Data' presents great possibilities for business executives operating in multiple markets, across many industries and geographies. The advent of the three Vs of data - volume, variety and velocity creates these possibilities. But, as with all areas of significant opportunity, there are associated risks.
WHAT IS 'BIG DATA'?
"Big Data" is a broad term for data sets which have become so large that traditional data processing applications are inadequate to interpret the data. However, these data sets provide a wealth of information which can unlock significant potential if harnessed in a controlled and considered manner.
