With the growth of more social networks it is understood that it would generate more data on daily basis with that increased the usage of Web 2.0. With the current out flow of entrepreneurship and small start ups their increased the usage of big data in projects in public business as well as in Governments projects.
Doug Laney being the analyst of industry provided the definition OF big data in 2000s which increased its popularity gradually by simply putting it in three simple V's.
Volume: equipment, videos, social media, and more Organizations collect data from a variety of sources, including business transactions, smart (IoT) devices, industrial
Velocity: With the growth in the Internet of Things, data streams into businesses at an unprecedented speed and must be handled on time
Variety: Data comes in all types of formats – from structured, numeric data in traditional databases to unstructured text documents, emails, videos, audios, stock ticker data, and financial transactions.