Write short note on Drivers of Big Data - The Logic Tutorial

 Write short note on Drivers of Big Data

Drivers of Big Data

The explosion of big data is fueled by a confluence of factors. Here's a quick rundown of some key drivers:

• The Four V's of Big Data: This refers to the massive Volume, increasing Variety (text, sensors, video etc.), high Velocity (real-time data streams), and the potential Value that can be extracted from this data.

• Digitization of Society: Our world is becoming increasingly digital, generating data from every interaction online and offline.

• Technological Advancements: The decreasing costs of data storage, processing power, and the rise of cloud computing make handling big data more feasible.

• Data Science Expertise: The growing field of data science provides the tools and techniques to analyze and extract insights from big data.

• Social Media and IoT: The massive amount of data generated by social media platforms and the proliferation of internet-connected devices (IoT) contribute significantly to the growth of big data.

These drivers, combined, have created a perfect storm for the big data revolution, transforming how businesses operate and shaping our modern world.