焦點見解

It’s a phrase used to quantify data sets that are so large and complex that they become difficult to exchange, secure and analyse with typical tools. To describe the phenomenon that is big data, there are some definitions widely accepted in the market, the 5Vs: 1. Volume – Large in quantity 2. Velocity – Traded high speed 3. Variety – Formed in many style 4. Veracity – Controlled data quality and accuracy 5. Value – Ability to turn into business value The potential value that Big Data can provide for organisations in different sectors of the economy and different areas inside such organisations are huge. The below table shows some potential usage of Big Data across five industries: INDUSTRY MAIN BUSINESS FUNCTIONS IMPACTED Retail Product demand prediction and trends forecastingPrice elasticity optimisation Value...