Question - What are the five V’s of Big Data?
Answer -
The five V’s of Big data is as follows:
- Volume – Volume represents the volume i.e. amount of data that is growing at a high rate i.e. data volume in Petabytes
- Velocity – Velocity is the rate at which data grows. Social media contributes a major role in the velocity of growing data.
- Variety – Variety refers to the different data types i.e. various data formats like text, audios, videos, etc.
- Veracity – Veracity refers to the uncertainty of available data. Veracity arises due to the high volume of data that brings incompleteness and inconsistency.
- Value –Value refers to turning data into value. By turning accessed big data into values, businesses may generate revenue.