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Big Data
Big Data refers to large and complex datasets that are difficult to manage and analyze using traditional data processing tools. These datasets are characterized by three key dimensions: volume (the amount of data), velocity (the speed at which data is generated), and variety (the different types of data). In today’s digital world, organizations collect massive amounts of data from social media, sensors, and transactions. The technologies, including data mining, machine learning, and advanced analytics, help organizations process and extract valuable insights from these datasets. By leveraging this approach, businesses can make more informed decisions, predict trends, and improve efficiency. This capability is essential for industries dealing with high volumes of information, such as finance, healthcare, and marketing.