Four V’s of Big Data

Value of the Decision Making based on Data

It is widely accepted that these four attributes define Big Data. They are called the four V’s:

Veracity the trustworthiness of the data.  How accurate or truthful is the data set.

Variety refers to the Many Types of data that are available

Velocity is the Fast Rate at which data is received and (perhaps) acted on

Volume refers to the Amount of data. With big data, you’ll have to process high volumes of low-density, structured data and IoT data

We would like to add a 5th..Value, which is the ability to transform the tremendous amount of data to business meaningful information.