Twitter Facebook LinkedIn Flipboard 0 Berkeley School of Information ([email protected]) recently asked experts in a variety of industries to provide their definition of “Big Data”. They received over 40 definitions that ranged from the traditional 3 Vs (i.e., Volume, Velocity and Variety) to anything related to analytics or visualization. Some of these definitions were fairly narrow and focused only a single concept (e.g., integrating data) while other definitions were broad and included a variety of concepts (e.g., 3 Vs, analytics, visualization). Clearly, depending on what expert you ask, you will get a different definition of Big Data. But there are common themes that emerged from these definitions. Based on the content of the 40+ definitions, I generated 10 categories that described the content of the definitions. Each of these 10 categories could be used to describe the Big Data definitions. Some definitions included multiple categories, while others included only a few or one category. A principle components analysis of the 10 categories (mentioned = 1; not mentioned = 0) across the definitions resulted in six (6) general categories that are used to define Big Data (N represents the number of definitions that could be described by this category): Characteristics of the data: Big Data is about the traditional 3 Vs (Volume, Velocity, Variety) of data (N = 19) and the non-routine computing resources needed to process those data (N = 11). Big Data is “data that contains enough observations to demand unusual handling because of its sheer size.” Insights: Big Data is about the insights/results/value (N = 17) we get from data and the people necessary for extracting these insights (N = 3). Big Data “enchants us with the promise of new insights.” Analytics: Big Data is about analytics and modeling methods (N = 12) and their application in improving decision-making (N = 4). Big Data allows us the “opportunity to gain a more complex understanding of the relationships between different factors and to uncover previously undetected patterns in data.” Data Integration: Big Data is about the the integration of various disparate data sources and harnessing its combined power (N = 6). What’s big in Big Data is “the big number of data sources we have, as digital sensors and behavior trackers migrate across the world.” Visualization and Story-telling: Big Data is about being able to tell a story (N = 1) through visualization (N = 2). Big data is “storytelling – whether it is through information graphics or other visual aids that explain it in a way that allows others to understand across sectors.” Ethical: Big Data is about being concerned how we use the vast quantities of data we have available today (N = 1). Big Data can provide us with “endless possibilities or cradle-to-grave shackles.” Not surprisingly, these six areas are similar to how Big Data vendors see the field in 2014. Big Data is not just one thing. There are many different facets to this Big Data behemoth. While there is no consensus on a singular definition of Big Data, the consolidation of the current definitions shows that Big Data can be described by a handful of general areas, including characteristics of the data itself, insights you can get from the data, the analytics and modeling methods, data integration and more. Twitter Tweet Facebook Share Email This article originally appeared on Business Over Broadway and has been republished with permission.Find out how to syndicate your content with B2C Author: Jay Leonard Jay is a UK-based cryptocurrency expert, specialising in fundamental analysis and medium to long term investments. Jay has a great deal of hands-on experience in analysing financial markets and performing technical analysis. Jay is currently focusing on the institutional adoption of cryptocurrency and what it means for the future ofView full profile ›More by this author:Cameo CEO Steven Galanis Wallet Hacked – $231k Worth of NFTs StolenMastercard CFO sees Growth Opportunities in CryptoMarvin Inu Trending on Twitter – Is Tamadoge Next to Pump?