Gartner introduced the 3V model in a seminal 2001 MetaGroup research publication, ‘3D data management: Controlling data volume, variety and velocity’. The 3V model is still widely regarded as the definitive explanation of Big Data.
2. Big Data: Revolutionizing the business
The 4Vs of Big Data
Widely regarded as the definitive explanation of Big
Data
3. The 4Vs of Big Data - Volume
How “big” is Big Data?
Wal-Mart, handles more than 1m customer
transactions every hour — the equivalent of
167 times the books in America’s Library of
Congress
Facebook is home to 40 billion photos and
counting
The number of tweets per day had reached
500 million up from 400 million in June 2012
4. The 4Vs of Big Data - Velocity
The flow data is now streaming in real time
continuously
Sources of data flow
Analysis of large chunks of data takes only a few
weeks now
Machines Networks People
Interaction
Social
Media
Mobile
Devices
5. The 4Vs of Big Data - Variety
How varied is Big Data?
It is not just about the data- it’s about how you interpret
the data and apply these insights to your business.
Click to view ‘What Is Big Data? Infographic’.
6. The 4Vs of Big Data - Veracity
This is believed to be the most critical aspect of Big
Data
Biases, noise and abnormality in data is not
uncommon
Veracity refers to accuracy of data
In order to get value out of Big Data, it needs to be
reliable and supported by accuracy.
Big Data now leverages sophisticated algorithms that
can handle inaccuracies inherent in data.
7. So how exactly can Big Data help HR?
Big Data means that you can now have answers to ALL
your workforce related questions
Improvements in technology have made it quicker,
simpler and more affordable to manage and interpret
Big Data.
Click to access the rest of the eBook.