5V’s of Big Data
Characteristics of big data defined as Volume, Velocity, Variety, Veracity, and Value.
1173 topics found for
“data-driven decision-making”
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values.
McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
Big Data
Extremely large data sets that can be analyzed computationally to reveal patterns, trends, and associations.
Big Data Engineer
A professional who designs, builds, and maintains systems for processing large-scale data sets.
Histogram
A graphical representation of the distribution of numerical data, typically showing the frequency of data points in successive intervals.
BI
Business Intelligence (BI) encompasses technologies, applications, and practices for the collection, integration, analysis, and presentation of business information.
Moneyball
The practice of using data analytics and metrics to make informed decisions, focusing on measurable outcomes and efficiency rather than intuition or traditional methods.
System Two
A mode of thinking, derived from Dual Process Theory, that is slow, deliberate, and analytical, requiring more cognitive effort and conscious reasoning.