Abstract
The term “big data” was coined in mid-1990s and is defined as collections of data so large, complex, and dynamic that they exceed the processing capacity of the conventional database architectures of organizations (Weiss and Indurkhya 1998). According to Gartner, the world’s leading information technology research and advisory company, big data is comprised of high-volume, high-velocity, and high-variety data (the ‘3 Vs’, as shown in Fig. 11.1 (Gartner IT Glossary 2019). These data sets are too large to be handled easily and flow in and out with excessive speed, making them difficult to analyze. The range and type of data sources are too great to assimilate (Diebold 2012).
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Attaran, M., Gunasekaran, A. (2019). Data Management. In: Applications of Blockchain Technology in Business. SpringerBriefs in Operations Management. Springer, Cham. https://doi.org/10.1007/978-3-030-27798-7_11
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