The terms veracity, variability, value, and data visualization are only applicable to big data, So the given statement is true.
What is big data?
- The seven V's of big data are volume, variety, velocity, value, veracity and variability, and visualization.
- Big data is a collection of structured, semi structured, and unstructured data collected by organizations and used in machine learning projects, predictive modeling, and other advanced analytics applications.
- Big data analytics assists organizations in harnessing their data and identifying new opportunities. As a result, smarter business decisions are made, operations are more efficient, profits are higher, and customers are happier. Businesses that use big data and advanced analytics gain value in a variety of ways, including cost reduction.
- A Data Warehouse is one type of Big Data storage facility.
- Hadoop - aids in the storage and analysis of large amounts of data.
To learn more about big data refer to :
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