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According to The Global Language Monitor, ’Big Data’ is the most confusing Tech Buzzwords of the Decade thus far. According to them, -
“Big Data is the biggest buzzword. It has been called the key to new waves of productivity growth, essential to the US place in global economics, and more. Now if only we could agree on exactly what this means and how we get there. (By the way, consider yottabytes: a quadrillion gigabytes. Hint: Just think a lotta bytes.)”
The meaning of Big Data has become more diffuse as it has grown in popularity. According to Raj Bhatt of Knowledge Foundry, “The most important trend is the increasing hype/confusion around Big Data analytics. Many companies and people have their own definition of Big Data – leading to a lot of confusion about what qualifies as a Big Data solution.”
According to another study by Mzinga, 42 percent of respondents are unfamiliar with big data technologies. There remains a great deal of confusion regarding what the term Big Data really means. In this article, we try to address some of the myths and confusion around Big Data.
Lot of Data is not Big Data
Most of the people get carried away by the term Big and define big data as simply a lot of data. But it’s not just that. “We define a problem as a Big Data problem only if the size of the data, the short timeframe for a solution, and the diversity of the data necessitate a distributed NoSQL-based architecture”, says Raj. Ask an educated audience and a plethora of definition would arise, ranging from large data sets and data warehouses to big code for analytics and BI. Some even see big data as hardware and large applications. To keep the definition simple, there has been a growing consensus in the industry to define Big Data, by three Vs-- Volume – the amount of data has to be large, in petabytes not just gigabytes
- Velocity – the data has to be frequent, daily or even real-time
- Variety – the data is typically (but not always) unstructured (like videos, tweets, chats)


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