What is Big Data?
Big data is a set of historical information that is used and owned by a business company to learn the business preference and business behavior.
The Big Data Explained….
According to the Laney (2001) the big data is a big data or information that gathers the significant databases, data warehouses, data stores and data marts for analytical purpose as well as documenting them on application portfolios, organization charts and manuals of procedures and it is an outcome of rising and promising e-commerce. The big data consists of 3 volumes, and they are as follows;
1.Data Volume. It refers to the channels of e-commerce and it is to obtain the data of personal or individual transaction and when the data volume has an increase it will be taken care of by purchase additional online storage.
2.Data Velocity. It refers to the interactions of the buyers or customers and it is well known as POI (Point Of Interaction). Data velocity is seen as natural bandwidth and protocol issues.
3.Data Variety. It refers to the data management and how the structure of management works accordingly within the system
Also, as Akter & Wamba (2016) explained that the concept of big data is about analyzing quantitative resources in relation to the making of the business and it has 1 additional volume, which is veracity, referring to sorting out irrelevant data to obtain the good and significant data.
In addition to the big data concept, Zhao et al(2015) stated that big is data is based on mode of financing and it is seen as sorting out some irrelevant data through cloud computing and data system collectively.
That is how big data explained and to conclude, every modern e-commerce business relies on big data otherwise they would not have got a recognition in the e-marketplace.
REFERENCES
Akter, S & Wamba, SF 2016, ‘Big data analytics in E-commerce: a systematic review and agenda for future research’, Electronic Markets, Vol.26, pp.173-194, Viewed 18 September 2018, Springer Link
Laney, D 2001, Application Delivery Strategies, Tech Republic,
Yi, Z, Li, D, Liqiang, P & Chuanxi, Q 2015, ‘Cooperation or competition: An evolutionary game study between commercial banks and big data-based E-commerce financial institutions in China’, Discrete Dynamics in Nature and Society, Vol.2015, pp.8, Viewed 18 September 2018, Hindawi.