The term big data is being heard with ever-increasing frequency in the corporate world. Businesses of vastly different types all need to prepare themselves for the onset of big data as soon as possible.
Big data is defined rather simply as the collection and storage of vast amounts of information. With today’s technologies, the collection and storage of massive amounts of data is not a challenging task, certainly not like it was in years gone by. The key issue for a business enterprise is determining how to utilize the massive amounts of stored data as a valuable resource.