It is a bit hard to define Big Data when the revolutionary potential lies in its own definition. No technology has had such an impact since the 15th century, with the invention of printing by Gutenberg.
The incredible amount of digital data being produced by the Internet is about to cause a revolution in all areas of human knowledge.
The true potential of Big Data is often indicated by four “V”s. Volume, variety and veracity are the most well-known aspects of Big Data, but there is still another important one: the fact that Internet is the only artificial network behaving like a natural one, thus having properties of a live system.
Theorists from this subject chose the word velocity to tag that dimension (probably just because it also starts with a V). That seems like an adequate choice, as velocity is often linked to speed, but that is not exactly the meaning here.
The ideal technical word would probably be stream, or dynamic. Network Science suggests that the dynamic of Internet data (or, in other words, Big Data) allows the understanding of how natural networks work. Now you are probably asking why we use Internet data instead of the data from those systems we want to understand.
For one thing, given that it is digital data, Big Data can be analysed precisely for the relations that its parts (data) establish between them (through links and logs). This means that Big Data can be analysed in a systematic and dynamic way.
All this theory has strong applications in the real world. In sales, for example, Big Data is helping businesses get a clearer picture on their clients, therefore being able to be more effective on what they do.
Still, data overwhelming can also be bad in this case, and this is why salespeople need to have the right training in order to become effective data scientists. LeadGenius is a company that provides such a service, giving salespeople the best leads for them to make sales, knowing that they are reaching the right person with the right product.
At LeadGenius, a team of experts in the subject are put together in order to search the best leads for each company, product and/or service. With this, businesses know that those leads are the right ones for them to target and do business with.