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Big data, 5Vs+Processing engine=Economy value - Coggle Diagram
Big data
Dimension of raw data
Variety
Veracity
Velocity
Value
Volume
Economic impact
Behavioral personalization
High volume
Retail marketing
Predictive Modeling
High complexity
Healthcare
Insurance
Real-time Action
High velocity
Algorithmic trading
Population monitoring
High scale
Government
meaning
larger,more complex data set
generated from entirely new digital source
What for？
more convenient for data owner to make decisions
4 type of Big data tech and its process
Storage
mining
analytics
Visualiztion
Create impactful visual stories
clean and transform data for predict future
by algorithm
framework
Collection
Understanding
Preparation
Modeling
evaluation
Storage typo/Infra
Apache Hadoop
Distributed environment
Faster and reduced faults
MongoDB
managing unstructured data
Use of Big data
Business opportunity
New
Markets
Data Broker
Revenue
Data as a commodity
Product
Business model
Data management
Analytics Industry
5Vs+Processing engine=Economy value