11. It is a rapidly growing
method of data analysis, which is
used in business, local government and politics.
12. How to define Big Data?
This term refers to the collection of data,
which, due to its large-scale,
can not be analyzed
by using traditional tools.
13. As defined by Forrester the Big Data
consists of four dimensions - the so-called 4V:
• volume - amount of the data
• variety - variety of the data
• velocity - rate of incoming new information
and analysis
• value - value of the data