Big data is a collection of data from traditional and digital sources that represents a source for ongoing discovery and analysis. While there is a difference of opinion among industry professionals, many argue that the term ‘Big Data’ should be restricted to a massive volume of both structured and unstructured data that is so large that it’s difficult to process using traditional database and software techniques.
The Big Data value chain is highly fragmented with many across playing multiple roles across the value chain.
While the value chain will vary slightly for each individual investment sector, it can generally be divided into 5 logical segments, namely:
- Data Acquisitioning & Provisioning
- Data Warehousing & Business Intelligence
- Analytics and Virtualization
- Actions and Business Process Management (BPM)
- Data Governance
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