We have heard about it so many times and started wondering about the meaning of Big Data and how this could be relevant to both a mining company owning a portfolio of mining projects and to a mining operation.
After doing some research, we found this definition:
“Big Datas the information that cannot be processed or analysed using traditional / current processes or tools”.
The characteristic of Big Data are normally summarised into three “V’s”:
Volume, Velocity and Variety.
But, what does this actually mean?