How And What is Big Data?

Data is created around us every second. Digital processes, social media, mobile devices, automated systems, and sensors all contribute in producing it. The result is huge volumes of data created and stored from multiple sources at a stupendous speed and variety. This large volume of information is termed 'Big data' compromising of both structured and unstructured information that inundates enterprises on a day-to-day basis. However, it's not about how much volume of data is collected and stored, it's all about what can organizations do with this information. Big data need to be analyzed for insights that lead to better decisions and strategic business moves. Nevertheless, to extract meaningful value from big data, strong analytical skills and optimal processing power is required.