Volume of Data Defined
The volume of data refers to the size of data sets that an organization has collected to be analyzed and processed. In today’s technology, these data sets are frequently seen pushing on the larger size of bytes, such as terabytes and petabytes.
The larger volume of the data, usually requires distinct and different processing technologies compared to that of traditional storage and processing capabilities. Simply, the data sets within Big Data are not able to be processed with a regular laptop or desktop processor as the volume is too large.
Larger volume of data is beneficial to organizations as the more integrated view an organization has on a user/customer, from both current and historical data, the more insight they can extract. This in turn, allows businesses to make better decisions when it comes to acquiring, retaining, growing and managing those user/customer relationships.
Data that is high velocity, high volume and high variety must be processed with advanced tools, such as analytics and algorithms to reveal in-depth information for decisions.
Volume is apart of specific attributes of big data. The other attributes include:
In Data Defined, we help make the complex world of data more accessible by explaining some of the most complex aspects of the field.
Click Here for more Data Defined.