What is big data velocity? Volume and variety are important, but big data velocity also has a large impact on businesses.
Data does not only need to be acquired quickly, but also processed and and used at a faster rate. “Many types of data have a limited shelf-life where their value can erode with time—in some cases, very quickly.”
Analyzing data quickly can alert businesses to stocking issues fast so the problem can be solved before it gets worse. Data velocity can also speed up the decision making process to keep up with market changes.
How can big data velocity work for your business?
When you think of Big Data, you may imagine the billions of rows and petabytes of data many companies are struggling to manage and process on a regular basis. You may also think about the challenges of handling diverse unstructured data such as audio, video, image and text-based files coming from an ever-increasing number of sources. Read More