Big data refers to the exponential growth in the volume, variety, and velocity of information and the development of complex, new tools to analyze and create meaning from such data.
Big Data is a collection of that data which is huge in volume, but still it is growing exponentially with time. Big data is a data with so much large size and complexity.
Traditional data management tools cannot store it or process it efficiently. Big data is also a data but with a very huge size.
The New York Stock Exchange is an example of Big Data which generates about one terabyte of new trade data per day.
Following are the three types of Big Data:
Structured
Unstructured
Semi-structured
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