GlossaryBig Data

Big Data

Big data is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software. Data with many cases (rows) offer greater statistical power, while data with higher complexity (more attributes or columns) may lead to a higher false discovery rate.

Big data is a key component of the fourth industrial revolution, and it is already having a major impact on our lives.