Jan 27, 2016
This article first appeared in The Fast Mode.
In 2001, the analyst firm MetaGroup (now Gartner) introduced us to the 3Vs of 3D Data: Volume, Velocity and Variety. Fifteen years on, Big Data is now on everyone's priority list. It continues to be an area of very active research and development across every portion of the telecom ecosystem. Updates and announcements of new products and solutions occur on an almost weekly basis, and organizations are still trying to get their arms around these three Vs.
Over the past few years, two new Vs—Value and Veracity—have entered the equation, making the Big Data ecosystem even more complex, and more important to solve. How can organizations gain Value from the volume and variety of data that's coming to them with great velocity, while at the same time being able to depend on the Veracity of this data?
As 2016 gets off to a flying start, the five Vs will have a tremendous impact on Big Data and Big Data analytics in several ways. In short, the industry as a whole is going to get a lot more savvy about how to mine this data and use it in new ways to drive value—and revenue—across the business.
So, why will 2016 be a big year for Big Data? Here are a few reasons:
Big Data has already become more of a buzz word, and 2016 will see companies taking real action on deriving real value—and in some cases real revenue—from their Big Data assets. For more information on how Excelacom can help your company make Big Data profitable, please contact us at email@example.com.
Kelly LeBoeuf was Director of Marketing and Products at Excelacom. As Director of Marketing and Products, Kelly was responsible for the global strategy, planning and execution of all aspects of Excelacom’s marketing and portfolio.More about Kelly
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