The Development of Big Data

1.1     The Concept of Big Data

Gartner defines big data as a massive, high growth rate, and diversified information asset that requires new processing mode to have stronger decision-making power, insight and discovery ability, and process optimisation ability (Ward & Barker, 2013).

McKinsey’s definition: big data refers to the data collection that cannot be collected, stored, managed, and analysed by traditional database software tools within a certain period.

Modern society is an information-based and digital society. With the rapid development of the Internet, Internet of Things, and cloud computing technology, data is flooding the whole world, which makes data become a new resource. People must make ...

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