Is big data dead? The rise of smart data

Big data as a concept is defined around four aspects: data volume, data velocity, data veracity and data value. Two patterns emerge when these characteristics are looked at closely. While the volume and velocity aspects refer to data generation process and how to capture and store the data, veracity and value aspects deal with the quality and the usefulness of the data leading to the point. Data management is a major challenge for most enterprises – even small data is plagued by quality and...