Data Related Concepts

Big Data

Big data is an accumulation of data that is too large and complex for processing by traditional database management tools. It is a collection of data that has a greater variety and is arriving in increasing volumes, growing exponentially over time. Big data makes it possible to have more confidence in data and build concrete approaches to tackling problems. Utilizing a big data analytics solution enables firms to maximize their assets and unleash their strategic worth. According to the forecast by Markets and Markets, the big data market was valued at $162.6 billion in 2021 and is expected to reach $273.4 billion by 2026, at a CAGR of 11%.