BIG DATA - Present Opportunities and Challenges

Abstract

Large data volumes having various types and moving at high speed is the main feature of the current environment and is closely related to the Big Data concept. As a source of valuable insights, these data volumes have become an important asset for organizations, helping to make more informed and high-quality decisions. A real problem is that such data sets cannot be managed and processed by traditional methods. This paper presents some general aspects regarding Big Data and Big Data analytics - as source of deep insights, and it highlights some of the general opportunities, challenges and the European Commission strategy for Big Data.