#54 Big Data by 4Vs

Sometimes when talking about the data economy you have to come across "the four V of Big Data thinking" and since data is the raw material for understanding and the data economy, it is also good to understand what we are talking about when talking about the four Vs. The concept of "Big Data" may even be difficult to understand, but in short Big Data refers to a huge amount of data that is growing at a rapid pace, data is being used in many places at the same time, data is in many different forms, often collected without a holistic management model or where the data is coming from future use. As you can deduce from these few features describing Big Data and our previous blog posts, all slightly larger companies have Big Data.

But the focus now is to outline the Big Data context through four Vs: Volume, Velocit