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GLOSSARY

Big data

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Big data refers to the vast amounts of structured and unstructured data that businesses generate daily. It involves processing and analyzing this data to uncover insights and make informed decisions.

What is Big Data?

Big data encompasses the large volumes of data produced by businesses. By analyzing this data, startups can gain valuable insights to improve decision-making.

Why it Matters

Understanding big data allows startups to optimize operations, enhance customer experiences, and identify new opportunities for growth.

Examples of Big Data

  • Social media interactions
  • Website traffic and user behavior
  • Sales transactions and customer feedback

Related Concepts

data analytics, data mining, machine learning, and artificial intelligence are closely related concepts that help businesses derive value from big data.

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